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Union City, NJ 07087

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Union City, NJ 07087

Thu Mar 28 2024
This week the median list price for Union City, NJ 07087 is $912,000 with the market action index hovering around 31. This is less than last month's market action index of 33. Inventory has decreased to 22. 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.

Slight Seller's Advantage

Market conditions have been consistently cooling in the past several weeks. Because we’re still in the Seller’s zone, prices have not yet begun to drop. It may take a few more weeks of slack demand for prices to reflect and begin to fall. Expect prices to fall if the index persistently falls to the Buyer’s zone.

Union City, NJ 07087

Thu Mar 28 2024
This week the median list price for Union City, NJ 07087 is $912,000 with the market action index hovering around 31. This is less than last month's market action index of 33. Inventory has decreased to 22. 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.

Slight Seller's Advantage

Market conditions have been consistently cooling in the past several weeks. Because we’re still in the Seller’s zone, prices have not yet begun to drop. It may take a few more weeks of slack demand for prices to reflect and begin to fall. Expect prices to fall if the index persistently falls to the Buyer’s zone.

Real-Time Market Profile

Never miss important changes in the Union City market.
Median List Price $912,000
Median Price of New Listings $1,500,000
Per Square Foot $590
Average Days on Market 127
Median Days on Market 91
Price Decreased 32%
Price Increased 0%
Relisted 18%
Inventory 22
Median Rent
Market Action 31
Slight Seller's Advantage

The market for this zip code continues its bounce again this week. We're a long way from the market's high point so watch the Market Action Index to predict how long this trend will last.

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
$5,071,072 0 - NaN 9 NaN 0 0 63
$1,150,000 1,208 0 - 4,500 sqft 5 6 124 1 0 98
$799,450 892 0 - 4,500 sqft 3 5.5 131 0 0 73
$447,000 5,560 0 - 4,500 sqft 3 2 126 0 1 157