Is Union County, TN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Union County is a neutral's market

Buyer's
Market

Difference Since October 2023

At the same time last year, Union County was a Seller's Market.

Key Takeaway

Union County is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in Union County, TN

How much do homes in Union County, TN cost?

Median Sold Price

$304,000

$194/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$10,050(+3.4%)

Key Takeaway

Homes in Union County have sold for 3.4% more than they did a year ago.

Summary: The median home sold price in Union County was $304,000 in October 2024, up 3.4% from last year, and the median price per square foot was $194.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $366.6K$96K
-73.8%
2 $248K$224.4K
-9.5%
3 $289K$307K
+6.2%
4 $364.5K$383.7K
+5.3%
5+ $914.5K$317.8K
-65.2%

Summary: Union County housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 73.8%, 2 bedroom homes decreased by 9.5%, 3 bedroom homes increased by 6.2%, 4 bedroom homes increased by 5.3%, and 5+ bedroom homes decreased by 65.2%.

Median Sold Price Compared To Nearby Counties

Campbell County
+16.5%
Anderson County
+11.7%
Claiborne County
+11.1%
Union County
+3.4%
Grainger County
-7.6%

Housing Supply in Union County, TN

How many homes are available in Union County, TN?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
9481-13.8%

Summary: The Union County real estate market had 81 homes for sale in October 2024, a 13.8% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 32
-33.3%
2 87
-12.5%
3 5446
-14.8%
4 2220
-9.1%
5+ 76
-14.3%

Summary: The Union County 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 12.5%, 3 bedroom homes decreased by 14.8%, 4 bedroom homes decreased by 9.1%, and 5+ bedroom homes decreased by 14.3%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
1813-27.8%

Asking Price vs. Sold Price

7 Homes Were Sold
Under Asking

4 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Union County, you may be able to get a good deal. 53.8% of homes here sold below asking price last month.

Summary: A total of 13 homes were sold or pending in Union County in October 2024, down by 27.8% month-over-month. Of the 13 sold homes, 54% were sold under asking, 31% were sold at asking, and 15% were sold over asking.

Days on Market for Union County, TN

How long does it take to sell a home in Union County, TN?

Average Sale Time

Oct 2023Oct 2024CHANGE
19 Days31 Days+61.1%

Summary: Homes in Union County had an average of 31 days on market in Oct 2024, up by 61.1% compared to last year.

Breakdown of Home Sale Times

8 Homes Were Sold
Under 30 Days

4 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Union County are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 13 homes were sold in Union County; 62% of homes were sold within 30 days, 31% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 20 Days Ago

Newest Listings in Union County, TN

Nearby Markets to Union County, TN

What housing markets are near Union County, TN?