38232
Union City, Tennessee

Union City's 38232 ZIP code shows a cooling market with a median sale price of $180,000, down 1.1% year-over-year as of February 2026. Homes are averaging 100.5 days on market, indicating slower absorption than peak market conditions. Only 25% of properties are selling above list price, suggesting sellers hold limited pricing power and buyers face reduced competition for available inventory in this northwest Tennessee market.

This environment favors patient buyers with financing secured who can negotiate on price and terms during the extended 100-day marketing period. The 75% of homes selling at or below list price indicates room for offer strategy and inspection-based concessions. Sellers with equity and flexibility will perform better than those requiring quick exits, while investors should focus on below-market acquisitions rather than appreciation plays given the negative price trajectory.

The PropIQ score of 60 signals caution, aligning with the -1.1% price decline and sluggish days-on-market figure. This moderate risk rating suggests stabilization rather than sharp correction, but appreciation remains unlikely without demand catalysts. Monitor whether days on market extends beyond 110 days or if the percentage selling above list drops below 20%, both indicating further softening that would push the market into buyer-dominant territory through 2026.