Buyers and sellers in Union, NJ, need to understand the local real estate market before entering into any transaction. This slide show will explain the current real estate conditions, compare them to past years, and then make recommendations for buyers and sellers in Union.
2. If you're planning on
buying or selling a home
in Union,
the first step is to
learn about the
Union real estate
market conditions.
3. Inventory
There are
currently 324
homes
offered for
sale in Union
and they
range in price
from $65,000
to
$1,295,000. Ja
n-
12
Fe
b-
12
M
ar-
12
Ap
r-
12
M
ay
-
12
Ju
n-
12
Jul
-
12
Au
g-
12
Se
p-
12
Oc
t-
12
No
v-
12
De
c-
12
Ja
n-
13
Fe
b-
13
M
ar-
13
Ap
r-
13
M
ay
-
13
Ju
n-
13
Jul
-
13
Au
g-
13
Se
p-
13
Oc
t-
13
No
v-
13
De
c-
13
Ja
n-
14
Fe
b-
14
M
ar-
14
Ap
r-
14
M
ay
-
14
Ju
n-
14
Jul
-
14
Active Listings 38 39 41 43 47 46 45 43 42 40 35 31 33 32 33 34 35 33 35 36 35 34 32 19 30 30 33 35 35 35 36
U Sold Listings 15 22 27 22 37 43 44 39 39 29 27 32 30 24 18 38 44 41 43 42 35 43 34 35 35 26 33 32 41 42 43
0
50
100
150
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300
350
400
450
500
Homes
Active and Sold Listings - Union, NJ
6. Prices
The average
selling price
of a home
in Union in
July was
$272,244.
0
50000
100000
150000
200000
250000
300000
350000
Jan-12
Feb-12
Mar-12
Apr-12
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Nov-12
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Dec-13
Jan-14
Feb-14
Mar-14
Apr-14
May-14
Jun-14
Jul-14
Average Sale Price and List Price - Union, NJ
9. Days on Market
The average
sold home in
Union in July
was sold
after 79
days.
0
20
40
60
80
100
120
140
160
180
Mar-12
Apr-12
May-12
Jun-12
Jul-12
Aug-12
Sep-12
Oct-12
Nov-12
Dec-12
Jan-13
Feb-13
Mar-13
Apr-13
May-13
Jun-13
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Aug-13
Sep-13
Oct-13
Nov-13
Dec-13
Jan-14
Feb-14
Mar-14
Apr-14
May-14
Jun-14
Jul-14
Average Days on Market - Union
12. What does this mean to you?
Because of the lower inventory, we should see
prices continue to rise.
If you’re planning to BUY a home, there is a wide
variety of homes available in a wide price
range!
If you’re planning to SELL a home, you need to
make sure your home is in top showing
condition and that it’s priced right so that it
stands up to the competition!