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Union City, NJ 07087

Condos/Townhomes

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Union City, NJ 07087

Tue May 20 2025
This week the median list price for Union City, NJ 07087 is $400,000 with the market action index hovering around 40. This is less than last month's market action index of 43. Inventory has increased to 59. 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

Market appears to have begun to cool. As we’re still notably in the Seller’s zone, prices have not yet adjusted. If the market continues to cool, then expect prices to follow lower. It may take a few more weeks of slack demand for prices to reflect and begin to fall. Expect this condition if the index falls to the Buyer’s zone.

Union City, NJ 07087

Tue May 20 2025
This week the median list price for Union City, NJ 07087 is $400,000 with the market action index hovering around 40. This is less than last month's market action index of 43. Inventory has increased to 59. 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

Market appears to have begun to cool. As we’re still notably in the Seller’s zone, prices have not yet adjusted. If the market continues to cool, then expect prices to follow lower. It may take a few more weeks of slack demand for prices to reflect and begin to fall. Expect this condition if the index falls to the Buyer’s zone.

Real-Time Market Profile

Never miss important changes in the Union City market.
Median List Price $400,000
Median Price of New Listings $299,000
Per Square Foot $480
Average Days on Market 72
Median Days on Market 35
Price Decreased 15%
Price Increased 0%
Relisted 14%
Inventory 59
Median Rent
Market Action 40
Slight Seller's Advantage

Despite this week's down tic, price trends in this zip code have generally been moving up lately. We are below the market's high point, and we'll investigate the Market Action Index later on to see if we expect this week's blip to become a downward 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
$812,000 1,395 - 3 2 55 1 3 70
$525,000 936 0.25 - 0.5 acre 1 1 9 0 3 21
$349,900 778 - 2 1 65 3 2 35
$280,000 584 0.25 - 0.5 acre 1 1 95 5 2 7