Is Union, SC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Union has remained a Seller's Market.
Housing Prices in Union, SC
How much do homes in Union, SC cost?
Median Sold Price
$167,850
$117/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Union was $167,850 in May 2024, up 4.9% from last year, and the median price per square foot was $117.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $45K | N/A |
2 Bedrooms | $126.4K | $124.9K | -1.1% |
3 Bedrooms | $158.9K | $167.4K | +5.3% |
4 Bedrooms | $228K | $250K | +9.6% |
5+ Bedrooms | $325K | $351K | +8.0% |
Summary: Union housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 1.1%, 3 bedroom homes increased by 5.3%, 4 bedroom homes increased by 9.6%, and 5+ bedroom homes increased by 8%.
Housing Supply in Union, SC
How many homes are available in Union, SC?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
54 | 50 | -7.4% |
Summary: The Union real estate market had 50 homes for sale in May 2024, a 7.4% decrease compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 17 | 11 | -35.3% |
3 Bedrooms | 22 | 26 | +18.2% |
4 Bedrooms | 14 | 9 | -35.7% |
5+ Bedrooms | 0 | 3 | +100.0% |
Summary: The Union housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 35.3%, 3 bedroom homes increased by 18.2%, 4 bedroom homes decreased by 35.7%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
10 | 13 | +30.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Summary: A total of 13 homes were sold or pending in Union in May 2024, up by 30.0% month-over-month. Of the 11 sold homes, 27% were sold under asking, 27% were sold at asking, and 45% were sold over asking.
Days on Market for Union, SC
How long does it take to sell a home in Union, SC?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
42 Days | 50 Days | +18.4% |
Summary: Homes in Union had an average of 50 days on market in May 2024, up by 18.4% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During May 2024, 13 homes were sold in Union; 62% of homes were sold within 30 days, 23% of homes were sold within 30 to 90 days, and 15% of homes were sold over 90 days.