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Union City, NJ 07087

Condos/Townhomes

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Union City, NJ 07087

Wed Dec 18 2024
This week the median list price for Union City, NJ 07087 is $480,000 with the market action index hovering around 37. This is an increase over last month's market action index of 35. Inventory has decreased to 45. 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 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.

Union City, NJ 07087

Wed Dec 18 2024
This week the median list price for Union City, NJ 07087 is $480,000 with the market action index hovering around 37. This is an increase over last month's market action index of 35. Inventory has decreased to 45. 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 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

Never miss important changes in the Union City market.
Median List Price $480,000
Median Price of New Listings $635,000
Per Square Foot $435
Average Days on Market 90
Median Days on Market 49
Price Decreased 4%
Price Increased 0%
Relisted 20%
Inventory 45
Median Rent
Market Action 37
Slight Seller's Advantage

Again this week we see prices in this zip code remain roughly at the level they’ve been for several weeks. Since we’re significantly below the top of the market, 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
$849,000 1,700 0 - 4,500 sqft 3 2 111 1 1 28
$599,000 1,069 - 2 2 NaN 4 1 49
$379,000 822 0 - 4,500 sqft 1 1 91 0 2 161
$209,500 660 0 - 4,500 sqft 2 1 NaN 0 0 49