$6,531 Closing Credit*
$550,000
4 Beds
•2 Full Baths
Listing Office: COLDWELL BANKER REALTY
Is Union Township, NJ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
Since last year, Union Township has remained a Seller's Market.
Key Takeaway
Union Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Union Township, NJ
How much do homes in Union Township, NJ cost?
Median Sold Price
$540,000
$296/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$30,000(+5.9%)
Key Takeaway
Homes in Union Township have sold for 5.9% more than they did a year ago.
Summary: The median home sold price in Union Township was $540,000 in November 2024, up 5.9% from last year, and the median price per square foot was $296.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $222.5K | $255K | +14.6% |
| 2 Bedrooms | $397K | $410K | +3.3% |
| 3 Bedrooms | $508.3K | $550K | +8.2% |
| 4 Bedrooms | $565K | $601K | +6.4% |
| 5+ Bedrooms | $609K | $720K | +18.2% |
Summary: Union Township housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 14.6%, 2 bedroom homes increased by 3.3%, 3 bedroom homes increased by 8.2%, 4 bedroom homes increased by 6.4%, and 5+ bedroom homes increased by 18.2%.
Median Sold Price Compared To Nearby Cities
| Alexandria Township | $510K | $730K | +43.1% |
| Franklin Township | $332.5K | $405.5K | +22.0% |
| Pittstown | $751K | $845K | +12.5% |
| Union Township | $510K | $540K | +5.9% |
| Clinton | $455K | $322K | -29.2% |
Housing Supply in Union Township, NJ
How many homes are available in Union Township, NJ?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 169 | 167 | -1.2% |
Summary: The Union Township real estate market had 167 homes for sale in November 2024, a 1.2% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 11 | 12 | +9.1% |
| 2 Bedrooms | 18 | 20 | +11.1% |
| 3 Bedrooms | 71 | 66 | -7.0% |
| 4 Bedrooms | 52 | 50 | -3.8% |
| 5+ Bedrooms | 17 | 19 | +11.8% |
Summary: The Union Township housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 9.1%, 2 bedroom homes increased by 11.1%, 3 bedroom homes decreased by 7%, 4 bedroom homes decreased by 3.8%, and 5+ bedroom homes increased by 11.8%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 38 | 36 | -5.3% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
24 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Union Township, you could pay more than the asking price. 66.7% of homes here sold above asking price last month.
Summary: A total of 36 homes were sold or pending in Union Township in November 2024, down by 5.3% month-over-month. Of the 36 sold homes, 19% were sold under asking, 14% were sold at asking, and 67% were sold over asking.
Days on Market for Union Township, NJ
How long does it take to sell a home in Union Township, NJ?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 161 Days | 18 Days | -88.7% |
Summary: Homes in Union Township had an average of 18 days on market in Nov 2024, down by 88.7% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Union Township are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 36 homes were sold in Union Township; 11% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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