The housing market in Union City continues to see strong price appreciation, with values up 17.6% compared to last year. The median home price of $225,750 represents a substantial 17.6% increase from this time last year. At the current pace, all available homes in Union City would sell out in just 0.8 months, indicating a continued supply shortage. Homes are now taking an average of 24 days to sell, significantly longer than the 6 days typical for this market. A significant 33.3% of listings experienced price reductions, indicating sellers may be adjusting to market realities. Approximately 25.0% of homes sold above list price, indicating some competitive segments within the market. Affordability remains a significant challenge in the Union City market with the affordability index at 1243.8. Based on current market indicators, home prices in Union City are projected to increase by approximately 11.2% over the next month.
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