$6,531 Closing Credit*
$550,000
3 Beds
•2 Full Baths
Kesha Yansen, Listing Office: Berkshire Hathaway Home Services Fox & Roach Realtors - Livingston
Is Union, NJ 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 has remained a Seller's Market.
Key Takeaway
Union is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Union, NJ
How much do homes in Union, NJ cost?
Median Sold Price
$550,000
$330/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$44,666(+8.8%)
Key Takeaway
Homes in Union have sold for 8.8% more than they did a year ago.
Summary: The median home sold price in Union was $550,000 in October 2024, up 8.8% from last year, and the median price per square foot was $330.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $200K | $210K | +5.0% |
| 2 Bedrooms | $400K | $415.5K | +3.9% |
| 3 Bedrooms | $500K | $540K | +8.0% |
| 4 Bedrooms | $550K | $590K | +7.3% |
| 5+ Bedrooms | $598K | $720K | +20.4% |
Summary: Union housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 5%, 2 bedroom homes increased by 3.9%, 3 bedroom homes increased by 8%, 4 bedroom homes increased by 7.3%, and 5+ bedroom homes increased by 20.4%.
Median Sold Price Compared To Nearby Cities
| Hillside Township | $429.5K | $470K | +9.4% |
| Union | $505.3K | $550K | +8.8% |
| Union Township | $503K | $541.6K | +7.7% |
| Kenilworth | $542.5K | $575K | +6.0% |
| Roselle Park | $480K | $500K | +4.2% |
Housing Supply in Union, NJ
How many homes are available in Union, NJ?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 143 | 152 | +6.3% |
Summary: The Union real estate market had 152 homes for sale in October 2024, a 6.3% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 2 | -33.3% |
| 2 Bedrooms | 21 | 16 | -23.8% |
| 3 Bedrooms | 67 | 68 | +1.5% |
| 4 Bedrooms | 37 | 49 | +32.4% |
| 5+ Bedrooms | 15 | 17 | +13.3% |
Summary: The Union housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 33.3%, 2 bedroom homes decreased by 23.8%, 3 bedroom homes increased by 1.5%, 4 bedroom homes increased by 32.4%, and 5+ bedroom homes increased by 13.3%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 32 | 31 | -3.1% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
22 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Union, you could pay more than the asking price. 71% of homes here sold above asking price last month.
Summary: A total of 31 homes were sold or pending in Union in October 2024, down by 3.1% month-over-month. Of the 31 sold homes, 19% were sold under asking, 10% were sold at asking, and 71% were sold over asking.
Days on Market for Union, NJ
We’re sorry, we don't have information for this market at the moment
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