Union City Housing Market Update - May 2025
Hello Union City residents! It's Amrit and Eddie here, bringing you the latest insights into our real estate market for May 2025. Let's dive into the current market dynamics and what they mean for you.
Current Market Overview
As of May 2025, the Union City housing market continues to show strong activity, particularly for single-family homes. Inventory has remained steady, while homes are selling faster, averaging just 10 days on the market. With a notable year-over-year price increase and continued growth in life sciences and semiconductor industries, buyer interest remains high, and demand is expected to stay competitive through the coming months.
Market Statistics
- Active Listings: 61
- Pending Sales: 20
- Homes Sold: 34
Price Trends
The median home price in Union City has seen a significant increase, now reaching $1.5 million, which is up 18% compared to last year. Homes are selling in about 10 days, indicating a very competitive market
Infrastructure Improvements
The Quiry Lake Parkway project aims to enhance connectivity between I80 and Route 238, improving accessibility for Union City residents. This development is expected to positively impact the local real estate market
Advice for Buyers and Sellers
With the current market conditions being favorable, securing a property now could be advantageous for sellers. However, pricing your home appropriately remains key to attracting serious buyers. For buyers, acting promptly is crucial, as homes are selling quickly.
Categories
Recent Posts
