Union City, NJ
Housing market overview · Updated weekly
$550,000median sale price
Homes sold
17
Last 12 weeks
Days on market
61
Average pace
Active listings
104
6.1 months supply
Sale-to-list
99.2%
Below asking
The Union City housing market is currently classified as a buyer's market with a median sale price of $550,000. Prices have fallen 1.6% compared to last year, with homes spending an average of 61 days on market, indicating 6.1 months of inventory.This inventory level gives buyers significantly more negotiating power, allowing time to inspect properties thoroughly and potentially negotiate better terms.
Market trends
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Frequently asked questions
What is the average home price in Union City?
The median home sale price in Union City is $550,000, down 1.6% from last year.
How long do homes stay on market in Union City?
Homes typically spend 61 days on market before going under contract.
Is Union City a buyer's or seller's market?
With 6.1 months of supply, Union City is currently a buyer's market.
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