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When you’re thinking of buying or selling a home in Union, a necessary first step is to research the real estate market conditions. Here’s what you need to know this month.

Inventory: There are currently 347 homes offered for sale in Union. They range in price from $65,000 to $1,840,00.  This is an exceptionally low inventory and the laws of supply and demand would indicate that prices will go up as an increased number of buyers are eager to be settled before the end of the summer.

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Prices: The average sale price in Union in June was $256,649, just slightly above the 12 month average of $250,512. Prices have been relatively stagnant for the past year, although there is a downward trend when we compare past years.

2014 average YTD =$239,392

2013 average = $256,665

2012 average = $245527

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To see this month’s infographic, please click here.

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If you’re considering selling your Union home, call us today for a free comparative market analysis of your home.

For more information on selling a Union home:

For more information on Union Real Estate:

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Comments on: "Union Real Estate Market Report – June 2014" (4)

  1. […] some towns are seeing a decrease in value over the past 18 months – Kenilworth, Westfield, Union, Garwood, Scotch Plains, Linden, and […]

  2. […] Garwood, saw homes selling nearly a full month slower this year as compared to last year. Homes in Union didn’t see a noticeable change in Days on Market from 2013 to […]

  3. […] Springfield increased by 9.9%. Lesser gains were seen by Westfield at 4/2%, Linden at 1.5% , and Union at […]

  4. […] 51 days, Westfield with 53 days, and Garwood with 54 days. Among the slowest towns were Union with 96 days and Rahway at 85 […]

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