Is Union Grove, NC 28689 a buyer’s or seller’s market?
Union Grove is a balanced market. With about 4.3 months of supply, well-priced homes can still draw more than one offer, but buyers have some room to negotiate.
The Union Grove housing market right now
In the three months ending August 31, 2026, 0% of homes in Union Grove, NC 28689 sold above their list price, the typical home went under contract in 79 days and there were 4.3 months of supply. Four to six months of supply is a balanced market, where pricing and condition decide how much room there is to negotiate. With only 3 sales, these figures can swing a lot from month to month.
Compared with the same period a year earlier, the share selling over asking fell from 33%, homes sold more slowly (39 days then) and the median sale price rose 114% to $449,805. Overall, Union Grove is less competitive than a year ago, which gives buyers more room.
Within Iredell County, homes here sell more slowly than in 87% of the county’s ZIP codes, and sell less often over asking than in any other ZIP code in the county.
Nearby, Harmony 28634 (43% sold over asking) and Stony Point 28678 (17% sold over asking) are even more competitive.
Run the numbers for 28689
Nearby markets
Harmony 28634Balanced $219 /sq ftMooresville 28115Balanced $192 /sq ftMooresville 28117Balanced $257 /sq ftOlin 28660Balanced $222 /sq ft Browse all markets →Towns like Union Grove nearby
Find towns like Union Grove in other states →Where Union Grove is
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Questions about Union Grove real estate
Is Union Grove a buyer’s or seller’s market?
A balanced market: there were 4.3 months of supply in Union Grove, NC 28689 in the three months ending August 31, 2026. Under four months usually favors sellers, and more than six favors buyers.
How fast do homes sell in Union Grove?
The typical home went under contract in 79 days in the latest three months.
Do homes in Union Grove sell over asking?
0% of homes sold above their original list price, and the typical sale closed at 97.9% of the list price.
What are property taxes in Union Grove?
About 0.61% of a home’s value a year in Iredell County, or roughly $2,440 on a $400,000 home.
What is the median home price in Union Grove?
The median sale price was $449,805 in the three months ending August 31, 2026, about $244 per square foot.
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Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology