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Union City, NJ 07087

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Union City, NJ 07087

Fri Apr 26 2024
This week the median list price for Union City, NJ 07087 is $996,000 with the market action index hovering around 27. This is less than last month's market action index of 29. Inventory has held steady at or around 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 Buyer's Advantage

In terms of supply and demand, the market is getting cooler - more supply is coming on the market relative to the sales demand. However, in recent weeks prices have been moving higher. Since it is technically a Buyer's market, this price trend may be a result of improved quality (newer, larger homes) of the homes being listed. Look at the descriptive statistics where you may notice the homes being listed are larger and younger than they have been in the past.

Union City, NJ 07087

Fri Apr 26 2024
This week the median list price for Union City, NJ 07087 is $996,000 with the market action index hovering around 27. This is less than last month's market action index of 29. Inventory has held steady at or around 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 Buyer's Advantage

In terms of supply and demand, the market is getting cooler - more supply is coming on the market relative to the sales demand. However, in recent weeks prices have been moving higher. Since it is technically a Buyer's market, this price trend may be a result of improved quality (newer, larger homes) of the homes being listed. Look at the descriptive statistics where you may notice the homes being listed are larger and younger than they have been in the past.

Real-Time Market Profile

Never miss important changes in the Union City market.
Median List Price $996,000
Median Price of New Listings $1,000,000
Per Square Foot $825
Average Days on Market 135
Median Days on Market 91
Price Decreased 32%
Price Increased 0%
Relisted 9%
Inventory 22
Median Rent
Market Action 27
Slight Buyer's Advantage

Price trends in this zip code continued their recent uptrend this week. While still below the market's high point, we've seen a nice run recently.

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
$1,500,000 0 - 4 7 NaN 0 0 91
$1,267,768 0 - NaN 7 NaN 1 0 91
$887,450 1,050 0 - 4,500 sqft 4 6 127 0 2 119
$495,000 9,999 0 - 4,500 sqft 3 2 NaN 0 1 168