NJ Market Dashboard
Union County
Last updated: May 2026
Median Sale Price
$720K
Days on Market
19 days
Active Listings
1,258
Sale vs. Ask Price
105.04%
Median Sale Price Trend
12-month rolling median — Union County
Days on Market
Green = below average (faster sales)
Inventory Levels
Active vs. new listings — monthly
Price Per Sqft by City
Ranked highest to lowest — May 2026
Sale vs. Ask Price
Above 100% = homes sold for more than asking price
Market Health Score
Composite of price momentum, inventory tightness, and demand strength
Zillow 12-Month Forecast
Projected home value change · Zillow Research
+0.5%
Modest growth expected. The market is stabilizing — a reasonable window for both buyers and sellers.
Price Per Sqft by City
Ranked by price per square foot. County average: $432/sqft. Click column headers to re-sort.
| City↕ | Price / Sqft↓ | vs. County Avg |
|---|---|---|
| Cranford | $689 | +59.5% |
| Summit | $661 | +53.0% |
| New Providence | $585 | +35.4% |
| Westfield | $555 | +28.5% |
| Rahway | $398 | -7.9% |
| Elizabeth | $350 | -19.0% |
| Mountainside | $333 | -22.9% |
| Springfield | $331 | -23.4% |
What This Means For You
Data-driven takeaways for buyers, sellers, and investors in Union County right now.
For Buyers
Competitive- →This is a competitive seller's market. Come prepared with pre-approval in hand and be ready to move quickly on well-priced homes.
- →Homes still sell above asking at 105.04% — so expect competition on move-in-ready, well-priced properties. Budget for at least asking price on desirable listings.
For Sellers
Strong Demand- →Median prices are up 10.8% year-over-year. The market is rewarding sellers who price with the trend, not against it.
- →Homes priced correctly are selling at 105.04% of list price — above asking. This only happens when you price strategically, not aspirationally.
- →Strong demand means a well-prepared home can generate multiple offers. Don't leave money on the table — prep properly and list at the right time.
- →Spring (March–May) typically brings peak buyer traffic in this county. List prepared, not rushed.
For Investors
Monitor- →With prices up 10.8% year-over-year, Union County continues to build equity for existing owners. Entry-level and value-add properties offer the best basis.
- →Affordability is a constraint at the premium price point — focus on small multifamily or lower-priced municipalities within the county for better cap rate potential.
- →DOM of 19 days means motivated sellers are out there. Off-market outreach and patient deal sourcing can yield below-market acquisitions.
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Ready to act on this data?
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