Home Values

Union County Home Prices & Values

Zillow Home Value Index

The Zillow Home Value Index is the median Zestimate valuation for a given geographic area on a given day. Learn more

$300,200

  • 10.1% 1-year change
  • 2.7% 1-year forecast

The median home value in Union County is $300,200. Union County home values have gone up 10.1% over the past year and Zillow predicts they will rise 2.7% within the next year. The median list price per square foot in Union County is $189, which is lower than the New York Metro average of $252. The median price of homes currently listed in Union County is $289,900 while the median price of homes that sold is $351,650. The median rent price in Union County is $1,650.

Foreclosures will be a factor impacting home values in the next several years. In Union County 3.8 homes are foreclosed (per 10,000). This is greater than the New York Metro value of 1.4 and also lower than the national value of 4.0

Mortgage delinquency is the first step in the foreclosure process. This is when a homeowner fails to make a mortgage payment. The percent of delinquent mortgages in Union County is 22.6%, which is higher than the national value of 6.9%. With U.S. home values having fallen by more than 20% nationally from their peak in 2007 until their trough in late 2011, many homeowners are now underwater on their mortgages, meaning they owe more than their home is worth. The percent of Union County homeowners underwater on their mortgage is 24.0%, which is higher than New York Metro at 14.7%.

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Relative ZHVI
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Union County Market Overview

Data through Sep 30, 2014
  • $300,200 ZHVI
  • 2.7% 1-yr forecast
    The Zillow Home Value Forecast is Zillow's prediction of what the Zillow Home Value Index will be one year from now. Learn more
    (Sep 30, 2015)
  • $289,900 Median listing price
  • $351,650 Median sale price
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Union County Market Health

Data through Sep 30, 2014
  • 6.5/10 Healthy
    The Market Health Index illustrates the current health of a region's housing market relative to other markets across the country. The Market Health Index is based on up to 10 metrics including those capturing the past and projected evolution of home values, the prevalence of foreclosures, foreclosure re-sales, negative equity and delinquency, as well as whether homes are currently selling faster or slower than in the past.
  • 123 Average days on Zillow (Aug 31, 2014)
  • 24.0% Homes with negative equity (17.0% US Avg) (Jun 30, 2014)
  • 22.6% Delinquent on mortgage (6.9% US Avg) (Jun 30, 2014)

Homes foreclosed (per 10,000)

3.8 homes Union County
1.4 homes New York Metro
4 homes United States
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Cities in Union County

Name Median ZHVI
Westfield $688,500
Cranford $429,900
Clark $395,900
Name Median ZHVI
Springfield $386,600
Garwood $354,800
Kenilworth $317,300
Name Median ZHVI
Roselle Park $244,600
Roselle $166,400
Winfield Township $151,100

Listings & Sales

Data through Sep 30, 2014
  • $189 Median list price / sq ft
  • $241 Median sale price / sq ft
  • 36.3% Listings with price cut
20.5%
Sold below listing
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Union County Rentals

Data through Sep 30, 2014
  • Zillow Rent Index

  • $1,924 Union County
    $2,339 New York Metro
    $1,335 United States

    The Zillow Rent Index is the median Rent Zestimate valuation for a given geographic area on a given day. Learn more

  • 2.4 Breakeven horizon
    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more
    (Jun 30, 2014)
  • $1,650 Rent list price
  • No data Rent list price / sq ft
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