Listing Office: ERA Live Moore
Is Union Mills, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, Union Mills has remained a Seller's Market.
Key Takeaway
Union Mills is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Union Mills, NC
How much do homes in Union Mills, NC cost?
Median Sold Price
$350,000
$216/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$25,000(+7.7%)
Key Takeaway
Homes in Union Mills have sold for 7.7% more than they did a year ago.
Summary: The median home sold price in Union Mills was $350,000 in October 2024, up 7.7% from last year, and the median price per square foot was $216.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $345K | $325K | -5.8% |
| 3 Bedrooms | $310K | $351K | +13.2% |
| 4 Bedrooms | $218K | $562K | +157.8% |
| 5+ Bedrooms | - | $452.5K | N/A |
Summary: Union Mills housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 5.8%, 3 bedroom homes increased by 13.2%, 4 bedroom homes increased by 157.8%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Union Mills | $325K | $350K | +7.7% |
| Camp Creek Township | $315K | $300K | -4.8% |
| Gilkey Township | $348.5K | $303K | -13.1% |
Housing Supply in Union Mills, NC
How many homes are available in Union Mills, NC?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 24 | 20 | -16.7% |
Summary: The Union Mills real estate market had 20 homes for sale in October 2024, a 16.7% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 11 | 9 | -18.2% |
| 3 Bedrooms | 10 | 8 | -20.0% |
| 4 Bedrooms | 2 | 2 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Union Mills housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 18.2%, 3 bedroom homes decreased by 20%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 4 | 7 | +75.0% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Union Mills, you may be able to get a good deal. 85.7% of homes here sold below asking price last month.
Summary: A total of 7 homes were sold or pending in Union Mills in October 2024, up by 75.0% month-over-month. Of the 7 sold homes, 86% were sold under asking, 0% were sold at asking, and 14% were sold over asking.
Days on Market for Union Mills, NC
How long does it take to sell a home in Union Mills, NC?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 14 Days | 72 Days | +417.3% |
Summary: Homes in Union Mills had an average of 72 days on market in Oct 2024, up by 417.3% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in Union Mills are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During October 2024, 7 homes were sold in Union Mills; 29% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 43% of homes were sold over 90 days.
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