Union City Real Estate Market Activity and Trends

Current Market Statistics for Active Listings

There are currently 9 properties for sale and Union City. Real estate prices are between $449,950 and $1,599,000. The median price for homes that are currently for sale is $570,000. Homes are selling for about $616 per square foot. If you are serious about buying a home, we highly recommend setting up a market watch notification so you don't miss out.

    Active - 7 New - 2

Median Price

$570,000

$449,950
Lowest Priced

$1,599,000
Highest Priced

Avg $/SQFT

$616

$526
Lowest

$720
Highest

Active Listings

9

Compared to 31 active listings at this time last year (Year-over-year)

Pending Sales

27

Compared to 29 active listings at this time last year (Year-over-year)

Union City Real Estate Price Trends

The real estate price trend chart shows the median selling prices for homes over time. A moving average (MA) is a widely used indicator in technical analysis that helps smooth out price action by filtering out the "noise" from random short-term price fluctuations. Use this chart with the inventory chart to determine if prices for homes will be going up or down.

Home Price Quartiles

Looking at the market in quartiles, where each quartile is 25% of home, ordered by price.

Quartile Median Price Avg. Sqft Avg. DOM Avg Year Built Total Listings
Top/First $1,645,000 2,256 7 1986 29 Most Expensive 25% of properties
Upper/Second $1,350,000 1,628 7 1974 28 Upper-middle 25% of properties
Lower/Third $965,000 1,509 8 1973 29 Lower-middle 25% of properties
Bottom/Fourth $571,500 1,011 20 1981 28 Least expensive 25% of properties

Union City Price/SQFT Trends

The median and average square foot price trends. The square foot price is one of the best ways to get a good rough estimate of your homes worth.

Union City Price/SQFT Quartiles

If you try to use the average cost per foot to determine the approximate fair market value (FMV) of another property, you should be careful to understand a few key issues. First, the cost per foot tends to decrease as properties increase in size. In other words, the most expensive homes in Union City, on a cost per foot basis, will tend to be the smallest properties. This is because economies of scale make larger properties less expensive on a cost per foot basis. You should adjust the cost per foot up or down if the subject property is smaller or larger than the average sized home in Union City. The Home SQFT Price Quartiles chart helps give you a better understanding of sqft price and home size.

Quartile (# Listings) Sqft Range Avg. Sqft Price Median Price Avg. DOM
Largest 25% sqft (29) 1,889 - 3,854 $723 $1,615,000 8
Upper-middle 25% sqft (28) 1,521 - 1,880 $717 $1,291,000 7
Lower-middle 25% sqft (29) 1,248 - 1,492 $804 $1,030,000 8
Smallest 25% sqft (28) 695 - 1,248 $662 $571,500 17

Complete Active Residential Inventory

Below is all the properties currently for sale in Alameda, sorted by number of bedrooms.

Condo

Bedrooms Active Listings Median Price Avg Price Avg SQFT Avg $/SQFT
1 1 $449,950 $449,950 718 $627
2 4 $559,944 $559,935 925 $609

Detached

Bedrooms Active Listings Median Price Avg Price Avg SQFT Avg $/SQFT
4 2 $1,344,888 $1,344,888 1,903 $707
5 1 $1,599,000 $1,599,000 3,040 $526

Townhouse

Bedrooms Active Listings Median Price Avg Price Avg SQFT Avg $/SQFT
2 1 $648,000 $648,000 875 $741

Union City Real Estate Inventory - Monthly Active, Pending and Sold Activity

The real estate inventory chart shows the relations between the total number of properties that are listed each month, placed under contract each month (pending) and sold each month. This chart is good at determining the supply and demand of properties. When trying to find trends in home prices, I look at the number of the new home listings and the current price trends.