Union NJ Market Report for the First Half of 2012

By
Real Estate Agent with Samsel & Associates 0790808

Union, NJ, is home to nearly 57,000 people. It occupies northern Union County in the area that was called Connecticut Farms in the 18th Century. Nearly 57,000 people live in Union.

There are six primary (PreK-4) schools:File:Map Union County NJ Union Twp.gif

Central Five-Jefferson School serves grade 5, and Burnet Middle School and Kawameeh Middle School serve grades 6 though 8. Union High School serves 2400 students in grades 9-12.

Back in March, we reported that the total inventory in the Union Real Estate Market was down but sales remained stable. Below is a summary, by home size, of all of the sales in Union for the first half of 2012. 341 homes were sold, and the average length of time on the market was less than 4 months.

Union  Home Sales - First Half of 2012          
Home Description Total # of Homes Sold List Price Sale Price Days on Market Sale Price to List Price Ratio
1 bedroom, 1 bath 19 89453 80905 160 91%
2 bedroom 1 bath 19 199561 182322 140 91%
2 bedroom, 1 1/2 bath 10 182640 173520 94 95%
2 bedroom, 2 bath 19 206574 192763 169 93%
2 bedroom, 2 1/2 bath 8 273200 269275 210 95%
3 bedroom, 1 bath 30 217345 203500 89 93%
3 bedroom, 1 1/2 bath 68 261004 247278 103 95%
3 bedroom, 2 bath 47 272039 255431 123 94%
3 bedroom, 2 1/2 bath 13 305500 290954 84 96%
3 bedroom, 3 bath 6 308800 292333 127 95%
3 bedroom, 4 bath 2 229900 230000 19 104%
4 bedroom 1 bath 6 241450 231000 117 96%
4 bedroom, 1 1/2 bath 14 280136 269714 90 97%
4 bedroom, 2 bath 39 262825 247812 80 94%
4 bedroom, 2 1/2 bath 21 340918 329344 99 97%
4 bedroom 3 bath 8 320275 291625 133 90%
4 bedroom 3 1/2 bath 3 377667 338667 103 89%
4 bedroom 4 bath 2 $519,450 $465,000 361 91%
5 bedroom 2 bath 1 199000 150000 16 75%
5 bedroom 2 1/2 bath 3 336000 310000 113 92%
5 bedroom 3 bath 2 264950 262500 139 101%
5 bedroom 4 1/2 bath 1 399000 300000 45 75%
  341 276713 255179.2 118.8182 93%

 

If you are considering buying or selling a home in Union, please call us for more information!

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~ Wayne & Jean 

Union County, NJ - a great place to live and work!

If you're looking to buy or sell a property in Union County, call us at 908-917-4189 or email TeamZuhl@gmail.com.

 

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All opinions, information and data provided is deemed reliable but is subject to errors and omissions. Not intended to solicit other Brokers' clients. We cooperate with them fully. 

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Wayne and Jean Marie Zuhl

The Last Names You'll Ever Need in Real Estate
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