Union County, NJ Home Values & Market Trends
The median home price in Union County, NJ is $543,717.05. There were 5,789 home sales in Union County, NJ over the past 12 months. The median residential Union County, NJ home value for transactions over the previous year is $520,846.946. The number of current listings in Union County, NJ is 348, and the percentage of properties for sale is 348.00%. The county has 1,383 foreclosures, 10 bank owned properties, 106 headed for auction, and 348 properties for sale.
Union County, NJ Real Estate Market Overview
| City | Median Est. Value | City | Median Est. Value |
|---|---|---|---|
| Union | $ 510,400 $ 295/sqft | Springfield | $ 638,650 $ 334/sqft |
| Linden | $ 517,700 $ 368/sqft | Clark | $ 613,900 $ 411/sqft |
| Roselle | $ 454,950 $ 314/sqft | New Providence | $ 710,250 $ 347/sqft |
| Summit | $ 1,086,000 $ 526/sqft | Mountainside | $ 817,800 $ 344/sqft |
| Elizabeth | $ 432,800 $ 244/sqft | Plainfield | $ 363,600 $ 249/sqft |
| Rahway | $ 445,900 $ 315/sqft | Roselle Park | $ 479,400 $ 353/sqft |
| Scotch Plains | $ 762,400 $ 385/sqft | Kenilworth | $ 514,600 $ 360/sqft |
| Hillside | $ 452,700 $ 294/sqft | Garwood | $ 540,400 $ 383/sqft |
| Westfield | $ 1,033,500 $ 456/sqft | Berkeley Heights | $ 886,750 $ 335/sqft |
| Fanwood | $ 657,900 $ 378/sqft | Vauxhall | $ 466,900 $ 112,919/sqft |
| Cranford | $ 654,000 $ 402/sqft | Elizabethport | $ -- $ -- |
Housing Market Summary for Union County, NJ
| Apr 2023 | March 2024 | Change | |
|---|---|---|---|
| Median Listing Price | $525K | $528.5K | 0.66% |
| Median Sold Price | $464.6K | $528.5K | 13.76% |
| Homes For Sale | 423 | 333 | -21.28% |
| Homes Sold | 2,932 | 2,609 | -11.02% |
Price Per Square Foot
On an average, Single Family homes cost $33 more per sqft than Condos. In comparison with sales price/sqft last week, list price/sqft of Single Family homes increased by 1.93% whereas, list price/sqft of Condos increased by 9.38%.
Recently Sold Homes
Explore recent offers and recently sold homes in Union County, NJ
Browse Homes in Union County, NJ
Union County, NJ home values range from $196,000 to $1,800,000. Summit is the priciest city with a median listing home price of $1,400,000, and Plainfield is most affordable with average house prices of around $355,900.
- Pre-ForeclosurePre-foreclosure homes account for 0.97% of all residential properties in Union County, NJ with Union containing 192 pre-foreclosures, the highest number of pre-foreclosure properties in a single city. There are 22 cities within Union County, NJ; of those cities, the estimated home value for pre-foreclosure homes ranges from $898,400 in New Providence to the lowest home value of $199,100 in Roselle.
- Bank OwnedThe median estimated home value of bank owned homes (REO properties) in Union County, NJ ranges from the highest value of $639,100 in Linden to the lowest value of $299,400 in Elizabeth. Bank owned homes and properties account for 0.01% of properties in Union County, NJ. There are 22 cities within Union County, NJ; Hillside containing 3 REO properties, has the highest number of bank owned properties in a single city.
- AuctionsUnion has 15 auction properties, the highest number of properties going to auction in a single city in the state of Union County, NJ. Auction homes and other auction properties account for 0.08% of all properties in Union County, NJ. There are 22 cities within Union County, NJ; of those cities, the median estimated home value for homes going to auction ranges from $570,700 in Summit to the lowest value of $240,300 in Summit.
Compare Nearby Cities
More Real Estate Resources for Union County, NJ
Guide for Union County, NJ
The Newark real estate market from 2023 to 2024 exhibited a strong upward growth pattern, with slight fluctuations in property values and sale price per square foot.
The Jersey City real estate market continues to show robust growth with prices rising to an average of $595,000 per property and $394 per square foot in February 2024.
When house prices increase near good school, what options do home buyer have?
Information on foreclosure financing, refinancing, and foreclosure mortgages.
