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Union City Real Estate Prices And Market Stats

  • 74 Total For Sale
  • 15 New Listings
  • 4 Price Change

There are currently 74 properties for sale and Union City real estate prices are between $399,000 and $1,550,000. The median price for homes that are currently for sale is $799,440. Homes are selling for about $539 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.

Median Price

$799,440

$399,000
Lowest Priced

$1,550,000
Highest Priced

Avg Price/SQFT

$539

$398
Lowest

$757
Highest

Avg DOM

21

Union-City Residential Real Estate Analysis

April 2019 VS. April 2018

Detached Homes

Unit Sales

38 Sales -7% (41)

Median Sales Price

$905,000 -15% ($1,065,000)

Avg $/sqft

$593 4% ($568)

Average Days On Market

14 29% (11)

Selling/listing Price

103% -7% (111%)

Condos

Unit Sales

2 Sales -33% (3)

Median Sales Price

$451,900 -32% ($669,000)

Avg $/sqft

$566 -8% ($614)

Average Days On Market

58 770% (7)

Selling/listing Price

95% -16% (113%)

Townhomes

Unit Sales

8 Sales 0% (8)

Median Sales Price

$712,500 5% ($678,000)

Avg $/sqft

$512 -7% ($554)

Average Days On Market

14 46% (10)

Selling/listing Price

100% -13% (116%)

Union-City Sales Rate (Absortion Rate)

This is a measure, in weeks, of how long it would take to sell all of the existing properties currently for sale in Union-City based on the recent historic rate of sales. It is calculated by dividing the number of active listings by the run-rate of sales for properties in Union-City over the last months years. It does not account for seasonal variance, which can be significant. Normally the run rate will accelerate in the spring/summer and slow down in the fall/winter. This means that in a "normal year" the trends will slightly over state the index in the spring/summer and understate it in the fall/winter. Basically, this measure attempts to place the current inventory into the context of whether it is a Buyer's, Seller's or Balanced market. Buyer's market is over 16 weeks and a seller's market is under 16 weeks.

Detached Homes

Sales per Week

7.33 sold/week

total Currently for sale

47

Absorption Rate

6.41 weeks

Condos

Sales per Week

1.00 sold/week

total Currently for sale

9

Absorption Rate

9.00 weeks

Townhomes

Sales per Week

1.42 sold/week

total Currently for sale

18

Absorption Rate

12.71 weeks

All

Sales per Week

9.75 sold/week

total Currently for sale

74

Absorption Rate

7.59 weeks

Union-City Real Estate Price trends

Key Insights
  • The monthly median selling price is on a 1 month price trend where property prices have decreased 0%

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 New Listings Total Listings
Top/First $1,090,000 2,039 9 1987 0 29 Most Expensive 25% of properties
Upper/Second $895,000 1,601 12 1972 0 29 Upper-middle 25% of properties
Lower/Third $790,000 1,404 13 1972 0 29 Lower-middle 25% of properties
Bottom/Fourth $577,000 1,086 13 1976 0 29 Least expensive 25% of properties

Union-City Price Per Square Foot 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 Home SQFT Price 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 Avg Year Built
Largest 25% sqft (29) 1,813 - 2,797 $519 $1,090,000 9 1987
Upper-middle 25% sqft (29) 1,480 - 1,760 $539 $865,000 14 1969
Lower-middle 25% sqft (29) 1,273 - 1,476 $585 $810,000 11 1975
Smallest 25% sqft (29) 590 - 1,260 $583 $577,000 12 1976

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.

Date Median Price DOM Avg $/sqft Sales Ratio
Apr/2019 $819,999 10 $579 102.30%
Mar/2019 $824,950 11 $541 101.47%
Feb/2019 $799,888 18 $540 99.85%
Jan/2019 $839,500 25 $534 100.22%
Dec/2018 $799,990 25 $555 99.12%
Nov/2018 $829,000 18 $556 99.31%
Oct/2018 $898,000 14 $537 101.86%
Sep/2018 $799,000 14 $569 102.18%
Aug/2018 $878,944 10 $565 105.67%
Jul/2018 $918,444 12 $586 106.86%
Jun/2018 $887,000 9 $603 109.39%
May/2018 $898,500 8 $586 110.16%
Apr/2018 $898,000 10 $568 113.39%

Complete Residential Inventory

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

Condo

Bedrooms Active Listings Median Price Avg Price Avg Sqft Median Cost/foot Avg Cost/foot
1 4 $425,000 $437,250 684 $632 $639
2 3 $575,000 $543,633 879 $636 $622
3 2 $729,500 $729,500 1,415 $524 $524
all 9 $500,000 $537,655 911 $595 $608

Detached - Single Family Homes

Bedrooms Active Listings Median Price Avg Price Avg Sqft Median Cost/foot Avg Cost/foot
2 2 $644,500 $644,500 958 $685 $685
3 11 $779,888 $857,071 1,457 $664 $610
4 24 $988,000 $1,016,186 1,907 $530 $539
5 9 $1,199,000 $1,184,654 2,654 $451 $447
6 1 $1,149,000 $1,149,000 2,471 $464 $465
all 47 $988,000 $998,215 1,916 $523 $543

Townhouse

Bedrooms Active Listings Median Price Avg Price Avg Sqft Median Cost/foot Avg Cost/foot
2 2 $749,440 $749,440 1,449 $517 $517
3 13 $668,000 $683,575 1,349 $508 $508
4 3 $679,000 $676,000 1,599 $428 $423
all 18 $678,500 $689,631 1,402 $485 $495