RE/MAX Accord's Market Report
Union City, CA
Single-Family Homes
RE/MAX Accord | Outstanding Agents! Outstanding Results!
Union City, CA
Tue Jan 19 2021
This week the median list price for Union City, CA is $799,950 with the market action index hovering around 84. This is less than last month's market action index of 90. Inventory has held steady at or around 9.
Market Action Index
This answers “How’s the Market?” by comparing rate of sales versus inventory.
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
| Median List Price | $799,950 | |
| Per Square Foot | $484 | |
| Days on Market | 25 | |
| Price Decreased | 22% | |
| Price Increased | 0% | |
| Relisted | 22% | |
| Inventory | 9 | |
| Median Rent | $3,100 | |
| Most Expensive | $1,500,000 | |
| Least Expensive | $698,888 | |
| Market Action | 84 | |
| Strong Seller's Market | ||
The market seems to have paused around this plateau. This week prices eased down a bit.Look for a persistent down-shift 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 |
|---|---|---|---|---|---|---|---|---|
| $1,399,444 | 2,902 | 4,500 - 6,500 sqft | 4 | 4 | 18 | 1 | 0 | 52 |
| $1,137,450 | 2,464 | 6,500 - 8,000 sqft | 5 | 3 | 60 | 0 | 1 | 49 |
| $787,475 | 1,278 | 4,500 - 6,500 sqft | 3 | 2 | 57 | 2 | 1 | 0 |
| $720,000 | 1,463 | 4,500 - 6,500 sqft | 3 | 2 | 50 | 0 | 0 | 7 |