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Union City, NJ 07087

Condos/Townhomes

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Union City, NJ 07087

Wed Oct 09 2024
This week the median list price for Union City, NJ 07087 is $484,000 with the market action index hovering around 39. This is less than last month's market action index of 40. Inventory has increased to 42. 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 Narrative

The market has started cooling and prices have recently plateaued. Since 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, NJ 07087

Wed Oct 09 2024
This week the median list price for Union City, NJ 07087 is $484,000 with the market action index hovering around 39. This is less than last month's market action index of 40. Inventory has increased to 42. 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 Narrative

The market has started cooling and prices have recently plateaued. Since 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 $484,000
Median Price of New Listings $344,700
Per Square Foot $472
Average Days on Market 95
Median Days on Market 81
Price Decreased 24%
Price Increased 2%
Relisted 31%
Inventory 42
Median Rent
Market Action 39
Slight Seller's Advantage

We continue to see prices in this zip code bouncing around this plateau. Look for a persistent up-shift in the Market Action Index before we see prices move 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
$774,500 1,268 - 3 2 NaN 0 0 143
$537,000 964 4,500 - 6,500 sqft 2 1.5 15 0 1 14
$389,000 861 2.5 - 5 acres 2 1 62 1 1 105
$244,900 619 0 - 4,500 sqft 1 1 97 1 1 21