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Featured local agent — University Park, IL
Sarah Mitchell
Compass Real Estate · University Park, IL
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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University Park, IL Housing Market & Real Estate
Housing market overview · Updated monthly ·
$270,500median sale price
How is the University Park, IL housing market right now?
The median home sale price in University Park, IL is $270,500, up 33.6% year-over-year. Homes sell in an average of 90 days with 19 active listings. The market is currently a seller's market. (Source: Redfin monthly MLS data, as of May 2026 — the most recent Redfin release; Redfin publishes each month's data on a ~6-week lag.)
Is University Park a buyer's or seller's market?
University Park, IL is currently a seller's market, based on 2.4 months of supply and homes selling in about 90 days. How we determine this →
Homes sold
8
Last 12 weeks
Days on market
90
Average pace
Active listings
19
2.4 months supply
Sale-to-list
100.1%
Above asking
What does the University Park housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $270,500 |
| Median list price | $239,900 |
| Year-over-year price change | +33.6% |
| Average days on market | 90 days |
| Active inventory | 19 listings |
| Months of supply | 2.4 months |
| Sale-to-list price ratio | 100.1% |
| Median price per sq ft | $147/sq ft |
| Homes sold (latest month) | 8 |
| New listings (latest month) | 9 |
| Market condition | Seller's market |
Source: Redfin · Updated monthly
How much do homes cost in University Park by property type?
How the University Park, IL market breaks down across single-family homes, condos, and townhouses.
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $270,500 | $147/sq ft | 8 | 90 days |
| Townhouse | $135,000 | $91/sq ft | 1 | 275 days |
Source: Redfin · Updated monthly
The University Park housing market is currently classified as a seller's market with a median sale price of $270,500. Prices have risen 33.6% compared to last year, with homes spending an average of 90 days on market, indicating 2.4 months of inventory.With limited inventory, homes sell quickly and buyers should be prepared to act decisively and competitively to secure a property.The price-to-income ratio of 3.0x provides context for how home values compare to local earning capacity.
Market trends
Homes for sale in University Park
There are currently 19 homes listed for sale in University Park, Illinois. The median listing price is $240K.
Active listings
19
Homes on market
Median list price
$240K
Avg. days on market
90
Days until sale
New this week
9
Newly listed
Who lives in University Park?
Population
7,109
Median income
$65,580/yr
Median age
32.4 years
Owner-occupied
61.0%
College grads
24.3%
Avg commute
34.9 min
Source: U.S. Census Bureau ACS
What are homes worth in University Park?
Zillow home value
$197,311
Price-to-income
3.0x
Source: Zillow Research
What is it like to live in University Park?
University Park is a community of approximately 7K residents with a median age of 32.4 years.The median household income is $65,580, which represents a working-class community with solid middle-income opportunities. 24.3% of residents hold a bachelor's degree or higher, showing a mixed educational demographic.
Homeownership rates are at 61.0%, showing a blend of owner and renter-occupied properties. The average commute time is 34.9 minutes, which suggests a more suburban or rural location for those willing to commute longer distances.Overall, University Park offers a balanced lifestyle with accessible home values relative to local income levels.
Which public schools serve University Park?
2 schools tracked · 1,259 students
The largest public schools serving University Park, IL by enrollment, drawn from the National Center for Education Statistics. School quality is a commonly cited factor in home-buying decisions — these are the campuses families in this area are most likely to encounter.
Crete-Monee Middle School
Grades 6-8 · 983 students
Coretta Scott King Magnet Sch
Grades K-5 · 276 students
Source: National Center for Education Statistics, Common Core of Data directory. Updated annually. Ratings and test scores are not currently displayed.
Which cities are near University Park, IL?
Want a head-to-head view? Compare University Park side-by-side with any other U.S. city using our market-comparison tool.
Frequently asked questions
What is the average home price in University Park?
The median home sale price in University Park is $270,500, up 33.6% from last year.
How long do homes stay on market in University Park?
Homes typically spend 90 days on market before going under contract.
What is the median income in University Park?
The median household income is $65,580 per year.
Is University Park a buyer's or seller's market?
With 2.4 months of supply, University Park is currently a seller's market.
What is the Zillow home value estimate for University Park?
The Zillow Home Value Index (ZHVI) for University Park is $197,311, representing the typical home value in the area.
How much does a single-family home cost in University Park?
The median single-family home price in University Park, IL is $270,500 (about $147 per square foot).
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