University Park, IL Home Values & Market Trends

Real estate market trends reflect that there have been 98 transactions over the past year in University Park. The median value for residential home transactions that occurred over the previous year is $185,046.68. The number of current listings in University Park is 5, and the percentage of properties for sale in the city is 5.00%. University Park, IL currently has 43 properties in foreclosure, 7 bank owned properties, 3 properties headed for auction, and 5 properties for sale.

University Park, IL Real Estate Market Overview

ZipMedian Est. Value
60484

$ 176,210

$ 116/sqft

Housing Market Summary for University Park, IL

Mar 2023February 2024Change
Median Listing Price$116.5K$185.9K59.57%
Median Sold Price$182.6K$185.9K1.82%
Homes For Sale6833.33%
Homes Sold374932.43%
Price
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Price Per Square Foot

On an average, Single Family homes cost $33 more per sqft than Condos. In comparison with sales price/sqft last week, list price/sqft of Single Family homes increased by 1.93% whereas, list price/sqft of Condos increased by 9.38%.

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Browse Homes in University Park, IL

University Park home values range from $35,489 to $436,164. The median estimated value of a home in University Park is $185,046.68. The median list price of a home is 139,000, and the total count of properties in the city is 1,594.

Foreclosure
There is 1 zips within University Park, IL; within this zips, the median estimated home value for homes in foreclosure ranges from $304,636 in 60484 to the lowest value of $105,204 in 60484. Foreclosure homes account for 2.00% of properties in University Park, IL with 60484 containing 43 foreclosures, the highest number of foreclosure properties in a single zip.
  • Pre-Foreclosure
    Pre-foreclosure homes account for 2.07% of all residential properties in University Park, IL with 60484 containing 33 pre-foreclosures, the highest number of pre-foreclosure properties in a single zip. There is 1 zips within University Park, IL; of that zips, the estimated home value for pre-foreclosure homes ranges from $304,636 in 60484 to the lowest home value of $145,307 in 60484.
  • Bank Owned
    The median estimated home value of bank owned homes (REO properties) in University Park, IL ranges from the highest value of $281,250 in 60484 to the lowest value of $109,900 in 60484. Bank owned homes and properties account for 0.44% of properties in University Park, IL. There is 1 zips within University Park, IL; 60484 containing 7 REO properties, has the highest number of bank owned properties in a single zip.
  • Auctions
    60484 has 3 auction properties, the highest number of properties going to auction in a single zip in the state of University Park, IL. Auction homes and other auction properties account for 0.19% of all properties in University Park, IL. There is 1 zips within University Park, IL; of that zips, the median estimated home value for homes going to auction ranges from $202,762 in 60484 to the lowest value of $105,204 in 60484.
Homes for Sale
Homes and properties that are actively listed for sale account for 0.31% of residential properties in University Park, IL with 60484 containing 4 homes for sale, the highest number of listed properties in a single zip. There is 1 zips within University Park, IL; homes for sale in that zips, have a range of median values from $253,250 in 60484 to the lowest value of $104,366 in 60484.
    Sold Homes
    The median value for recently sold homes ranges from $306,311 in 60484 to the lowest price of $45,308 in 60484. There is 1 zips within University Park, IL. 60484 has 45 recently sold homes, the highest number of recently sold properties in a single zip. Recently sold homes and properties account for 2.82% of properties in University Park, IL.

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      Guide for University Park, IL

      Market Reports
      Chicago’s Real Estate Market Experiences Year-Long Zigzag in House Prices, 2022-2023
      Investment Financing
      How to Decide How Much To Spend On Your First Home
      Wholesale
      What Is a Zombie Property?
      Market Reports
      Boston Real Estate: A Year of Growth – Market Report March 2024
      See More Articles
      Chicago’s Real Estate Market Experiences Year-Long Zigzag in House Prices, 2022-2023
      Market Reports|posted 14 February 2024

      A quick analysis of real estate trends in Chicago and its neighboring areas from November 2022 to December 2023.

      How to Decide How Much To Spend On Your First Home
      Investment Financing|posted 18 March 2024

      Learn about the 28% rule, expert tips, and budgeting strategies to ensure you spend wisely on your dream home.

      What Is a Zombie Property?
      Wholesale|posted 14 March 2024

      Learn what a Zombie property is and how to avoid your home becoming one.

      Boston Real Estate: A Year of Growth – Market Report March 2024
      Market Reports|posted 14 March 2024

      This analysis highlights the significant growth in Boston’s real estate market with increasing property values, and the diversity of pricing in its neighborhoods. It presents a dynamic market catering to a wide range of buyers and investors, from high-end to more economic entry points.

      Recently Listed Homes University Park, IL

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