Is Union Hall, VA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Union Hall is a seller's market

Buyer's
Market

Difference Since November 2023

Since last year, Union Hall has remained a Seller's Market.

Key Takeaway

Union Hall is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Union Hall, VA

How much do homes in Union Hall, VA cost?

Median Sold Price

$850,000

$302/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$200,000(+30.8%)

Key Takeaway

Homes in Union Hall have sold for 30.8% more than they did a year ago.

Summary: The median home sold price in Union Hall was $850,000 in November 2024, up 30.8% from last year, and the median price per square foot was $302.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 --
N/A
2 $280.2K$399.5K
+42.6%
3 $542.7K$580K
+6.9%
4 $1.0M$967.5K
-5.6%
5+ $1.1M$1.3M
+18.6%

Summary: Union Hall housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 42.6%, 3 bedroom homes increased by 6.9%, 4 bedroom homes decreased by 5.6%, and 5+ bedroom homes increased by 18.6%.

Median Sold Price Compared To Nearby Cities

Union Hall
+30.8%
Rocky Mount
+17.9%
Wirtz
+9.9%
Gills Creek
+8.9%

Housing Supply in Union Hall, VA

How many homes are available in Union Hall, VA?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
5857-1.7%

Summary: The Union Hall real estate market had 57 homes for sale in November 2024, a 1.7% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 34
+33.3%
3 2824
-14.3%
4 1720
+17.6%
5+ 109
-10.0%

Summary: The Union Hall housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 33.3%, 3 bedroom homes decreased by 14.3%, 4 bedroom homes increased by 17.6%, and 5+ bedroom homes decreased by 10%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
1012+20.0%

Asking Price vs. Sold Price

6 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 Hall, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 12 homes were sold or pending in Union Hall in November 2024, up by 20.0% month-over-month. Of the 12 sold homes, 50% were sold under asking, 33% were sold at asking, and 17% were sold over asking.

Days on Market for Union Hall, VA

How long does it take to sell a home in Union Hall, VA?

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Union Hall has remained consistent over time.

Summary: During November 2024, 12 homes were sold in Union Hall; 0% of homes were sold within 30 days, 8% of homes were sold within 30 to 90 days, and 0% 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 2 Days Ago

Newest Listings in Union Hall, VA

Nearby Markets to Union Hall, VA

What housing markets are near Union Hall, VA?