RE/MAX Accord's Market Report

Union City, CA

Single-Family Homes

RE/MAX Accord | Outstanding Agents! Outstanding Results!



Union City, CA

Wed Oct 24 2018
This week the median list price for Union City, CA is $898,888 with the market action index hovering around 51. This is less than last month's market action index of 56. Inventory has held steady at or around 70. Click here to stay informed with the Union City market!

Market Action Index

The Market Action Index answers the question "How's the Market?" by measuring the current rate of sale versus the amount of the inventory. Index above 30 implies Seller's Market conditions. Below 30, conditions favor the buyer.

Today
Last Month

Strong Seller's Market

The market has been cooling over time and prices plateaued for a while. Despite the consistent decrease in MAI, we’re in the Seller’s zone. Watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Union City, CA

Wed Oct 24 2018
This week the median list price for Union City, CA is $898,888 with the market action index hovering around 51. This is less than last month's market action index of 56. Inventory has held steady at or around 70. Click here to stay informed with the Union City market!

Market Action Index

The Market Action Index answers the question "How's the Market?" by measuring the current rate of sale versus the amount of the inventory. Index above 30 implies Seller's Market conditions. Below 30, conditions favor the buyer.

Today
Last Month

Strong Seller's Market

The market has been cooling over time and prices plateaued for a while. Despite the consistent decrease in MAI, we’re in the Seller’s zone. Watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Real-Time Market Profile

Never miss important changes in the Union City market.
Median List Price $898,888
Per Square Foot $558
Days on Market 38
Price Decreased 40%
Price Increased 3%
Relisted 20%
Inventory 70
Median House Rent
Most Expensive $1,449,000
Least Expensive $120,000
Market Action Index
Strong Seller's Market
51

The market is hovering around this plateau. Look for a persistent change in the Market Action Index before we see prices deviate from these levels.

Market Segments

Each segment below represents approximately 25% of the market ordered by price.

Median Price Sq. Ft. Lot Size Beds Bath Age New Absorbed DOM
$1,198,000 2,250 4,500 - 6,500 sqft 4 3 22 3 4 36
$950,000 1,554 6,500 - 8,000 sqft 4 2 46 2 1 36
$876,500 1,483 4,500 - 6,500 sqft 3 2 48 3 2 37
$678,500 1,251 4,500 - 6,500 sqft 3 2 43 3 3 42