The housing market in New Union continues to see strong price appreciation, with values up 62.1% compared to last year. The median home price of $309,500 represents a substantial 62.1% increase from this time last year. With only 1 active listings, inventory is 67% lower than typical for this time of year. Homes are now taking an average of 49 days to sell, significantly longer than the 7 days typical for this market. Only 0.0% of properties sold above asking price, giving buyers more negotiating power. Affordability remains a significant challenge in the New Union market with the affordability index at 2763.4. Based on current market indicators, home prices in New Union are projected to decrease by approximately 4.9% over the next month.
New Union, AL has a total population of 981 residents. The area is predominantly White (100.0%), The area has a more homogeneous population distribution. The small population size creates an intimate community atmosphere in New Union, AL.
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