Altos Market Data for Realtors

Union, IL

Single-Family Homes

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Union, IL

Tue May 30 2023
This week the median list price for Union, IL is $425,000 with the market action index hovering around 18. This is about the same as last month's market action index of 18. Inventory has increased to 4. Click here to stay informed with the Union market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Slight Buyer's Advantage

Inventory levels have been relatively consistent relative to sales. Despite the fact that there is a relatively high amount of available inventory, this Buyer’s market is still seeing prices move higher. Given inventory levels, these price conditions are relatively fragile. If the market cools off further, the price trend is likely to reverse.

Union, IL

Tue May 30 2023
This week the median list price for Union, IL is $425,000 with the market action index hovering around 18. This is about the same as last month's market action index of 18. Inventory has increased to 4. Click here to stay informed with the Union market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Slight Buyer's Advantage

Inventory levels have been relatively consistent relative to sales. Despite the fact that there is a relatively high amount of available inventory, this Buyer’s market is still seeing prices move higher. Given inventory levels, these price conditions are relatively fragile. If the market cools off further, the price trend is likely to reverse.

Real-Time Market Profile

Never miss important changes in the Union market.
Median List Price $425,000
Median Price of New Listings $450,000
Per Square Foot $241
Average Days on Market 18
Median Days on Market 14
Price Decreased 25%
Price Increased 0%
Relisted 0%
Inventory 4
Median Rent
Market Action 18
Slight Buyer's Advantage

The market continues its bounce again this week. We’re a long way from the market’s high point so watch the Market Action Index as a leading indicator for 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
$825,000 2,500 5 - 10 acres 4 2 103 0 0 14
$450,000 2,940 5 - 10 acres 4 1.5 53 1 0 0
$400,000 900 5 - 10 acres 2 1 83 0 0 14
$145,000 1,608 - 3 1.5 113 0 0 42