Is Union Hall, VA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Union Hall was a Seller's Market.
Key Takeaway
Union Hall is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Union Hall, VA
How much do homes in Union Hall, VA cost?
Median Sold Price
$549,900
$257/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Union Hall have sold for 12% less than they did a year ago.
Summary: The median home sold price in Union Hall was $549,900 in May 2024, down 12% from last year, and the median price per square foot was $257.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $130K | - | N/A |
| 2 Bedrooms | $270.2K | $350K | +29.5% |
| 3 Bedrooms | $531.2K | $457.5K | -13.9% |
| 4 Bedrooms | $800K | $1.0M | +28.1% |
| 5+ Bedrooms | $1.0M | $1.3M | +25.6% |
Summary: Union Hall 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 increased by 29.5%, 3 bedroom homes decreased by 13.9%, 4 bedroom homes increased by 28.1%, and 5+ bedroom homes increased by 25.6%.
Median Sold Price Compared To Nearby Cities
| Rocky Mount | $231K | $238.4K | +3.2% |
| Wirtz | $465K | $440K | -5.4% |
| Gills Creek | $550K | $505K | -8.2% |
| Union Hall | $625K | $549.9K | -12.0% |
Housing Supply in Union Hall, VA
How many homes are available in Union Hall, VA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 44 | 50 | +13.6% |
Summary: The Union Hall real estate market had 50 homes for sale in May 2024, a 13.6% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 3 | 2 | -33.3% |
| 3 Bedrooms | 16 | 23 | +43.8% |
| 4 Bedrooms | 17 | 16 | -5.9% |
| 5+ Bedrooms | 8 | 9 | +12.5% |
Summary: The Union Hall 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 33.3%, 3 bedroom homes increased by 43.8%, 4 bedroom homes decreased by 5.9%, and 5+ bedroom homes increased by 12.5%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 14 | 5 | -64.3% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Union Hall, you may be able to get a good deal. 60% of homes here sold below asking price last month.
Summary: A total of 5 homes were sold or pending in Union Hall in May 2024, down by 64.3% month-over-month. Of the 5 sold homes, 60% were sold under asking, 20% were sold at asking, and 20% were sold over asking.
Days on Market for Union Hall, VA
We’re sorry, we don't have information for this market at the moment
Although the Multiple Listing Service of The Roanoke Valley is the single source for these listings, listing data appearing on this web site does not necessarily reflect the entirety of all available listings within the Multiple Listing Service. All listing data is refreshed regularly, but its accuracy is subject to market changes. 
Information Deemed Reliable But Not Guaranteed. The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which participates, and is provided by BRIGHT through a licensing agreement.