The Jill Biggs Group · Union City, New Jersey
Union City Real Estate Market Report · August 2026
What happened in Union City this August?
The median home sold price reached $660,000, its high point of the quarter, with 62% of closings landing at or above asking. Multi-family homes led the top of the market, while a slower median pace of 34 days and a deep bench of active listings kept the overall market friendly to buyers and investors. New to the area? Get to know the neighborhood on our Union City Community page.
- Tilts toward buyers and investors
- 62% sold at or above asking price
- Avg. list-to-sale ratio: 99.3%
- About 11.8 months of active supply
- August 2026: $660,000
- July 2026: $644,500 · June 2026: $653,000
- Condos: $450,000 median
- Two-family homes: $805,000 median
- 153 active listings at month end
- Median asking price: $660,000
- Supply: ~11.8 months (buyer’s territory)
- 57 condos plus 31 investment properties
- 13 closings in August
- All five largest sales were multi-family
- Three-family homes: ~$1,035,000 median
- Median pace slowed to 34 days
August 2026 Snapshot
The Numbers at a Glance
August’s median sold price of $660,000 was the quarter’s highest, and accurately priced homes continued to draw competition. In all, 62% of the month’s closings sold at or above the asking price, the strongest over-asking share of the summer. At the same time, the median home took 34 days to sell, a noticeably slower pace than earlier in the season, a sign that buyers and investors are moving with less urgency.
Note: median price per square foot is not included this month. Only a handful of August’s closings carried reliable square footage data, too small a sample to report with confidence.
The Trend
A Quarter in Motion
Median price held firm across the quarter, hovering in the mid-$600,000s before ticking up to its high of $660,000 in August. The clearer shift was in pace: days on market roughly doubled from July’s brisk 19 to 34 in August, as a few longer-sitting listings closed and overall inventory continued to build. Together that points to a market where prices are holding their ground while buyers gain a little more leverage, welcome news for anyone who found early-summer competition tough. National mortgage rates in the mid-6% range remained part of that calculus.
Median price held firm across the quarter, hovering in the mid-$600,000s before ticking up to its high of $660,000 in August. The clearer shift was in pace: days on market roughly doubled from July’s brisk 19 to 34, as longer-sitting listings closed and inventory continued to build. Prices are holding their ground while buyers gain leverage.
By Property Type
A Market Built on Multi-Family
Union City’s housing stock tells a different story than its neighbors, and August underscored it: every one of the month’s five largest sales was a multi-family home. Condos drove the volume, while the multi-family segment did the heavy lifting at the top end.
The Volume Engine
Where the Money Moved
While condos accounted for 7 of the 13 closings, they clustered in the lower and middle of the market at a median of $450,000. Two-family homes, by contrast, closed at a median of $805,000 and three-family homes at roughly $1,035,000, about double the typical condo price. It remains a market that draws owner-occupants and investors alike, with the multi-family segment doing the heavy lifting at the top end.
Active Inventory
What’s Currently on the Market
As of the end of August, 153 properties were active on the market in Union City, with a median list price of $660,000. That sits right in line with where homes are closing, a sign that sellers are pricing in step with the market. At the current pace of sales, that is roughly 11.8 months of supply, a distinctly buyer- and investor-favorable reading, and considerably more breathing room than neighboring Hoboken or Weehawken offer. Active inventory reflects Union City’s investment-heavy character, with condominiums and co-ops alongside a deep bench of investment and multi-family listings.
Thinking About Buying or Selling in Union City?
Whether you’re weighing a move this fall, exploring a multi-family investment, or just want to know what your property is worth in today’s market, we’re here to help.
The Jill Biggs Group · hardwired for hardwork.
