38240
Union City, Tennessee
Union City 38240 needs watching.
The 38240 ZIP code in Union City, Tennessee has a median sale price of $54K, down -63.4% year-over-year. Homes spend an average of 100 days on market, with 0% of homes selling above list price.
Folio's PropIQ™ score of 41 signals Caution conditions. Elevated price drops and longer days on market indicate softening in 38240.
The Union City 38240 market shows significant contraction, with the median sale price falling to $53,500, representing a 63.4% year-over-year decline. Properties are averaging 99.5 days on market, well above regional norms for competitive areas. No homes have traded above asking price, indicating consistent buyer negotiating leverage and suggesting sellers are struggling to meet price expectations set during previous market conditions.
This environment favors cash buyers and value investors willing to wait through extended marketing periods. The combination of subdued pricing and zero above-list sales creates room for below-ask offers on most inventory. Sellers face challenging conditions and should expect longer holding periods and potential price concessions. First-time buyers with flexible timelines can leverage the current dynamics, though the PropIQ score of 41 suggests underlying market stability concerns that warrant thorough due diligence.
The 41 PropIQ rating signals caution, reflecting both the price deterioration and weak transaction velocity in this ZIP code. The 99.5-day average suggests either pricing misalignment continues or demand remains constrained by economic factors. Buyers should monitor whether the steep year-over-year decline stabilizes in coming quarters or accelerates further. The absence of bidding activity indicates this market has not yet found its price floor.
What is the median home price in 38240 Union City?
The median sale price in 38240 is $54K, down -63.4% year-over-year as of 2026-02-28.
How long do homes stay on the market in Union City 38240?
Homes in 38240 Union City spend an average of 100 days on market before going under contract.
Is Union City 38240 a good place to invest in real estate?
Folio's PropIQ™ score for 38240 is 41/100 — a Caution signal. 0% of homes sold above asking.
What does a PropIQ™ score of 41 mean for 38240?
PropIQ™ is Folio's proprietary market score combining price momentum, days-on-market velocity, inventory absorption, and investment signals into a 0–100 number. Score of 41 = Caution in 38240 Union City, Tennessee.