University Park
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University Park Real Estate
University Park, being a planned community, is a village of tree-lined streets and neighborhood parks, designed specifically to foster a family environment. The current population stands at roughly 6,700 residents occupying about 2,400 households. About 40 miles from Chicago's downtown Loop, University Park has easy access to the city, but is far enough away to enjoy a decidedly rural feel, surrounded by forests preserves, farmland and undeveloped terrain.
The suburb holds a variety of housing options, from single-family homes to condos and townhouses, with a range of affordable prices. Most residential blocks have split-levels, raised ranches, frame houses, two-stories and other twentieth century designs, sitting on good-sized lots with grass-covered yards, attached garages and nicely landscaped properties. Prices for detached homes in University Park start for well under $100,000. Most of these houses are older and in need of some TLC. Mid-range homes here are well-kept, quality constructions with three bedrooms, traditional floor plans and some upgrades. The higher end properties in this small, suburban community are spacious, four-bedroom abodes with price tags in the upper $200,000s to upper $300,000s. Vaulted ceilings, elegant appointments, finished basements and prime locations on a golf course or pond make these upscale dwellings the ultimate University Park address.
University Park market trends
Average sales price
The average sale price of a home in University Park is represented by the chart to the right. The red line indicates the average price based on the total time frame selected in the drop-down window. The blue line indicates the average sale price for the particular month within that time frame. For more detailed information on University Park sign up for the trends report below or contact your Dream Town broker.
Average market time
The average number of days a home in University Park spends listed for sale is represented by the chart to the right. The red line indicates the average number of days based on the total time frame selected in the drop-down window. The blue line indicates the average number of days a home spent on market during the particular month within that time frame. For more detailed information on average market listing times in University Park sign up for the trends report below or contact your Dream Town broker.
Sales price vs. list price
The average sale price of a home compared to its listing price in University Park is represented by the chart to the right. The black line indicates the baseline listing price for homes during the time frame selected in the drop-down. The red line indicates the difference between the average listing price and the average sale price during the particular month within that time frame. For more detailed information on University Park sign up for the trends report below or contact your Dream Town broker.
Number of listings
The total number of listings in University Park is represented in the chart to the right. The red line represents average number of days based on the total time frame selected in the drop-down window The blue bar represents the current number of listings during the particular month of that time frame. For more detailed information on University Park sign up for the trends report below or contact your Dream Town broker.
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Thinking about making a move? Be prepared with a comprehensive look at the area market, delivered directly to your email every month. And don’t forget to contact your Dream Town broker if you’d like to discuss what this data means for your next move!