Crucial Insights: Union City Real Estate Hits Competitive High in March 2025
Spring is here, and so is the latest update on Union City’s housing market! In this Union City real estate market report (March 2025), we’ll break down the key trends and what they mean for first-time homebuyers, sellers, investors, and move-up buyers. The Union City, CA market remained hot and competitive in March, with low inventory and rising home prices. Let’s dive into the numbers and insights, in a friendly, conversational way – no confusing jargon, just real talk about Union City housing trends.
Union City Real Estate Market Report March 2025 Market at a Glance
Here are the key stats for Union City’s residential real estate in March 2025 (single-family homes):
Median Sale Price: $1,525,000 (up from February, and higher than this time last year)
Median Days on Market: 7 days (homes are selling in about a week on median)
Sold-to-List Price Ratio: ~106.5% (homes sold 6.5% above asking price on average)
Months of Inventory: 1.18 months (very low supply – a strong seller’s market)
New Listings (March 2025): 37 homes were listed for sale in March
Homes Pending (March 2025): 23 homes went under contract (pending sale)
Homes Sold (March 2025): 24 homes closed escrow (sold) in March
What do these numbers mean? In short, Union City home prices are high and rising, and homes for sale in Union City, CA are getting snatched up quickly. There were only 37 new listings in March, and with 24 sold and many going pending, the housing supply remains tight. Only about 1.18 months of inventory means if no new homes came on the market, at the current sales pace everything would sell out in about 5 weeks! For context, a balanced market is around 5–6 months of inventory – so 1.18 is extremely low. It’s a seller’s market, through and through.
Low Inventory and High Competition Driving Prices Up
One of the most striking Union City housing trends right now is low inventory. With just 1.18 months of supply, Union City has far fewer homes available than buyers wanting to purchase. In fact, at the end of March there were only about 26 single-family homes actively for sale in the entire city! This scarcity of listings has created fierce competition among buyers. Homes are selling above their listing prices on average – the sold-to-list price ratio of ~106.5% tells us that bidding wars are common. Many sellers are receiving multiple offers, and buyers often have to bid over asking price (sometimes substantially) to win their dream home.
Union City home prices have been climbing as a result. The median sale price of $1.525M in March is a sizable jump from just a year ago. (It’s double-digit percentage higher year-over-year, reflecting strong appreciation since early 2024.) Even on a month-to-month basis, prices ticked up ~3% from February. Why so high? Union City’s location in the Bay Area, combined with limited supply and steady demand, keeps pushing prices upward. Buyers are eager to settle in this community – known for its convenient location, schools, and local amenities – and they’re willing to compete for the few homes that hit the market.
It’s worth noting that while inventory is slightly higher than the unprecedented lows we saw last year (the supply of homes is up compared to March 2024, when it was almost practically only a couple weeks’ worth of inventory!), it’s still nowhere near enough to meet buyer demand. Sellers continue to hold the advantage. Union City has been in a seller’s market for quite some time now, and March 2025 was no exception. For sellers, that’s great news (more on that below). For buyers, it means a strategic approach is essential (we’ll cover tips for buyers next).
What These Trends Mean for Union City Home Buyers
If you’re a homebuyer in Union City – especially a first-time buyer – these market conditions mean you should be prepared and strategic:
Act Fast: With a median of just 7 days on market, houses in Union City are selling in about a week. Popular new listings might get offers within days (or even hours!). If you see a home you love, don’t wait until the next weekend to tour it – it might be gone.
Get Pre-Approved: In this competitive market, homes for sale in Union City, CA often receive multiple offers. Having a mortgage pre-approval in hand (or proof of funds if you’re an investor paying cash) is a must. Sellers will not consider offers that aren’t backed by financing readiness.
Be Competitive with Offers: Expect to offer at or above the asking price. With average sale prices ~6-7% over list, a listing at $1,400,000 might well sell for $1,490,000+. You may need to come in strong – possibly with clean terms (fewer contingencies, flexible closing timelines) to stand out. Of course, never stretch beyond what you’re comfortable with, but understand the reality that Union City home prices are being bid up.
Consider Looking Slightly Below Your Max Budget: Because homes often sell over asking, a tip for first-timers is to shop for homes listed a bit under your top budget. This gives you room to bid up if needed. For example, if you’re approved up to $1.5M, start your search in the $1.3M-$1.4M range.
Lean on Local Expertise: Work with an experienced local agent who knows the Union City market dynamics. As a Union City Realtor, I (Harv Balu) have seen these competitive situations first-hand and can guide you on crafting a winning offer. Having the right strategy and local knowledge can make the difference in getting your offer accepted.
For move-up buyers (those selling one home to buy another), you face a double challenge: selling in a hot market (which is the good part) and then buying into that same hot market. It’s important to plan carefully – you might need a contingency plan for where to live in between transactions, or negotiate a rent-back from your buyer, so you have time to find your next home without rushing. Again, planning and working with a savvy Realtor can help make this transition smoother.
Investors looking at Union City should note the strong price appreciation and demand. High prices and competition mean finding a “deal” is tough, but the upside is that property values have been rising robustly year-over-year. If you’re investing for long-term appreciation or rental income, Union City’s solid market and location could be a good bet – just be prepared for lower initial rental yields given the high purchase prices. In this market, due diligence is key: evaluate each opportunity carefully and have your financing lined up to move quickly on a good prospect.
Why It’s an Excellent Time for Sellers
For homeowners considering selling in Union City, March 2025’s market conditions were about as good as it gets. Here’s what the trends mean if you’re a seller:
Strong Buyer Demand: There are plenty of qualified buyers (including families, first-timers, and investors) eagerly looking for homes in Union City. Many have been waiting for the right home to hit the market. When your house is listed, expect a lot of interest right away.
Homes Selling Above Asking: With the average sale at 106.5% of the list price, you stand a great chance of getting above your asking price – provided you price the home realistically to begin with. It’s not uncommon in this market to see multiple offers, some of which may escalate the price above list, or include favorable terms for you (such as waived contingencies).
Quick Sales (If Priced Right): Half of the homes are selling in a week or less. If you price your home correctly and market it well, you might go from listing to pending sale in a matter of days. This is ideal if you value a swift, low-stress sale process. (That said, even in a hot market, an overpriced home can still sit unsold. Buyers are savvy – they’ll jump on a well-priced home, but they might pass on a listing that feels too expensive. I help my seller clients find that “sweet spot” pricing that attracts maximum interest and top-dollar offers.)
Leverage as a Seller: In a seller’s market, you have the negotiating power. You may be able to set terms that suit your needs – for example, choosing a convenient closing date, selling “as-is” without costly repairs, or negotiating a rent-back so you can stay in the home for a short period after closing while you make your next move. Buyers know they need to be flexible to win the deal.
Overall, it’s a fantastic time to be a seller in Union City. If you’ve been on the fence about selling – maybe you’re thinking about trading up to a larger home or cashing in on an investment property – the current market conditions can work strongly in your favor. With Union City Realtor Harv Balu by your side, you can take advantage of this competitive market to get the best possible result from your home sale.
Looking Ahead and Final Thoughts
As we move through spring 2025, we’ll likely continue to see a brisk market. Spring is traditionally a busy season for real estate, and while Union City has a persistent inventory shortage, we might see more listings coming in April and May. More new listings could give buyers a few more options, but demand is expected to remain high, so competition isn’t going away anytime soon. Interest rates and broader economic factors can always influence the market, but right now Union City’s real estate scene is full steam ahead for sellers, and requires savvy navigation for buyers.
If you’re thinking about buying or selling a home in Union City, or even just curious about Union City home prices and trends, I’m here to help. I live and breathe this local market and love sharing my expertise with my clients and community. Every situation is unique – whether you’re a first-timer nervous about making that big purchase, a growing family looking for more space, an investor eyeing the next opportunity, or a homeowner wondering what your house is worth.
Feel free to reach out for personalized advice. HarvRealtor (Harv Balu) is at your service! You can visit www.HarvRealtor.com for more resources and the latest listings, or contact me directly to discuss your real estate goals.
Remember, knowledge is power in this competitive market. With the right guidance and strategy, you can succeed whether you’re buying, selling, or investing. Let’s connect and make your Union City real estate dreams a reality!
Find Your Perfect Property in Union City: https://HarvBalu.com/UClistSF
Download Full report: https://TheBayAreaRealEstate.com/UN0325rpRE
Alameda County : Latest Inventory & Updates:
https://Harvinder.dscloud.me/blog/reports-by-cities/alameda-county/
In-Depth Alameda County Real Estate Inventory (interactive):
https://Harvinder.dscloud.me/blog/alameda-real-estate-interactive/
Link for this post for sharing:
https://bit.ly/uc0325
https://harvinder.dscloud.me/blog/04/08/2025/union-city-market-march-2025/
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About The Author
HarvRealtor
HarvRealtor.com | Harv Balu, CIPS, GRI, FTBS, PSA | Tech-savvy Realtor & proud father of 3, committed to seamless real estate journeys. With 15+yrs in IT & passion for real estate, I offer tailored services. Enthusiast photographer, green-thumbed gardener
