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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Union is a seller's market

Buyer's
Market

Difference Since Last Month

Since last month, 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, WV

How much do homes in Union, WV cost?

Median Sold Price

$361,500

$221/sqft

Based on all homes sold in October 2024.

Difference Since Last Month

+$26,500(+7.9%)

Key Takeaway

Homes in Union have sold for 7.9% more than they did a month ago.

Summary: The median home sold price in Union was $361,500 in October 2024, up 7.9% from last month, and the median price per square foot was $221.

Median Sold Price By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 --
N/A
2 -$158K
N/A
3 $465K-
N/A
4 -$565K
N/A
5+ $205K-
N/A

Summary: Union housing prices by bedroom type for October 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 did not change, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Arbuckle
+11.3%
Union
+7.9%

Housing Supply in Union, WV

How many homes are available in Union, WV?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
42-50.0%

Summary: The Union real estate market had 2 homes for sale in October 2024, a 50.0% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 11
0.0%
3 10
-100.0%
4 11
0.0%
5+ 10
-100.0%

Summary: The Union housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 100%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 100%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
220.0%

Asking Price vs. Sold Price

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

Summary: A total of 2 homes were sold or pending in Union in October 2024, the same as the previous month. Of the 2 sold homes, 50% were sold under asking, 50% 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

Sep 2024Oct 2024CHANGE
39 Days71 Days+83.3%

Summary: Homes in Union had an average of 71 days on market in Oct 2024, up by 83.3% compared to last month.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

0 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 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 2 homes were sold in Union; 50% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 50% 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 22 Days Ago

Newest Listings in Union, WV

Nearby Markets to Union, WV

What housing markets are near Union, WV?