RE/MAX Accord's Market Report

Union City, CA

Single-Family Homes

RE/MAX Accord | Outstanding Agents! Outstanding Results!



Union City, CA

Sun Mar 03 2024
This week the median list price for Union City, CA is $1,399,000 with the market action index hovering around 80. This is about the same as last month's market action index of 80. Inventory has decreased to 5. Click here to stay informed with the Union City market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Strong Seller's Market

In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up, prices are likely to resume an upward climb.

Union City, CA

Sun Mar 03 2024
This week the median list price for Union City, CA is $1,399,000 with the market action index hovering around 80. This is about the same as last month's market action index of 80. Inventory has decreased to 5. Click here to stay informed with the Union City market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Strong Seller's Market

In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up, prices are likely to resume an upward climb.

Real-Time Market Profile

Never miss important changes in the Union City market.
Median List Price $1,399,000
Median Price of New Listings $1,443,944
Per Square Foot $724
Average Days on Market 18
Median Days on Market 7
Price Decreased 40%
Price Increased 0%
Relisted 0%
Inventory 5
Median Rent
Market Action 80
Strong Seller's Market

The market seems to have paused around this plateau. The Market Action Index is a good leading indicator for the durability of this trend.

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
$1,568,000 2,660 4,500 - 6,500 sqft 6 4 50 0 1 35
$1,499,888 2,250 6,500 - 8,000 sqft 4 3 50 1 2 0
$1,399,000 1,869 4,500 - 6,500 sqft 4 3 112 0 1 49
$1,219,000 1,456 0.5 - 1 acre 4 2.3 39 1 1 3