Is Union, WV a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Union is a buyer's market

Buyer's
Market

Difference Since Last Month

Last month, Union was a Neutral Market.

Key Takeaway

Union is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Union, WV

How much do homes in Union, WV cost?

Median Sold Price

$114,900

$44/sqft

Based on all homes sold in December 2024.

Difference Since Last Month

-$36,550(-24.1%)

Key Takeaway

Homes in Union have sold for 24.1% less than they did a month ago.

Summary: The median home sold price in Union was $114,900 in December 2024, down 24.1% from last month, and the median price per square foot was $44.

Median Sold Price By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 --
N/A
2 $169K-
N/A
3 $133.9K$114.9K
-14.2%
4 --
N/A
5+ --
N/A

Summary: Union housing prices by bedroom type for December 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes decreased by 14.2%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Mount Storm
-14.2%
Union
-24.1%

Housing Supply in Union, WV

How many homes are available in Union, WV?

Number of Homes For Sale

Nov 2024Dec 2024CHANGE
1214+16.7%

Summary: The Union real estate market had 14 homes for sale in December 2024, a 16.7% increase compared to November 2024.

Homes For Sale By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 00
0.0%
2 32
-33.3%
3 57
+40.0%
4 34
+33.3%
5+ 11
0.0%

Summary: The Union housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 33.3%, 3 bedroom homes increased by 40%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Nov 2024Dec 2024CHANGE
21-50.0%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Union, expect to pay close to the asking price. 100% of homes here sold near the asking price last month.

Summary: A total of 1 homes were sold or pending in Union in December 2024, down by 50.0% month-over-month. Of the 1 sold homes, 0% were sold under asking, 100% were sold at asking, and 0% were sold over asking.

Days on Market for Union, WV

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

Average Sale Time

Nov 2024Dec 2024CHANGE
72 Days6 Days-91.7%

Summary: Homes in Union had an average of 6 days on market in Dec 2024, down by 91.7% compared to last month.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During December 2024, 1 homes were sold in Union; 100% 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.

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

Report Updated 4 Days Ago

Newest Listings in Union, WV

Nearby Markets to Union, WV

What housing markets are near Union, WV?