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NJ Market Dashboard

Union County

Last updated: April 2026

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Data sources:Market statistics from Redfin Data Center · Home value forecasts from Zillow Research · Updated monthly. Last updated: April 2026.

Median Sale Price

$661K

-5.6% YoY

Days on Market

21 days

+31.3% YoY

Active Listings

1,238

+11.6% YoY

Sale vs. Ask Price

104.11%

-1.4% YoY

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 — Apr 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

32/100Buyer's Market
Price Momentum0
Inventory Tightness16
Demand Strength81
Affordability34

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: $441/sqft. Click column headers to re-sort.

CityPrice / Sqftvs. County Avg
Cranford$689+56.2%
Summit$661+49.9%
New Providence$585+32.7%
Westfield$555+25.9%
Rahway$398-9.8%
Elizabeth$350-20.6%
Mountainside$333-24.5%
Springfield$331-24.9%

What This Means For You

Data-driven takeaways for buyers, sellers, and investors in Union County right now.

For Buyers

Favorable
  • With a market health score of 32/100, this is a buyer's market — you have negotiating power that wasn't available in 2021–2023.
  • Days on market are up 31.3% year-over-year, meaning homes are sitting longer. Use this time to get thorough inspections done before making offers.
  • Homes still sell above asking at 104.11% — so expect competition on move-in-ready, well-priced properties. Budget for at least asking price on desirable listings.

For Sellers

Price Carefully
  • Median prices are down 5.6% from a year ago. Overpricing will cause your home to sit — price at market from day one to generate real interest.
  • Homes priced correctly are selling at 104.11% of list price — above asking. This only happens when you price strategically, not aspirationally.
  • In a buyer's market, presentation is non-negotiable. Declutter, stage the main living areas, and address any obvious deferred maintenance before listing.
  • Spring (March–May) typically brings peak buyer traffic in this county. List prepared, not rushed.

For Investors

Monitor
  • Price softening (-5.6% YoY) combined with a buyer's market score of 32/100 creates an acquisition window that hasn't existed in years.
  • 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 21 days means motivated sellers are out there. Off-market outreach and patient deal sourcing can yield below-market acquisitions.

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