Altos Market Data for Realtors

University Park, IL 60484

Single-Family Homes

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University Park, IL 60484

Sun Sep 15 2024
This week the median list price for University Park, IL 60484 is $219,500 with the market action index hovering around 45. This is less than last month's market action index of 51. Inventory has increased to 20. Click here to stay informed with the University Park market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Strong Seller's Market

Market Narrative

The market has been cooling over time and prices plateaued for a while. Despite the consistent decrease in MAI, we’re in the Seller’s zone. Watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

University Park, IL 60484

Sun Sep 15 2024
This week the median list price for University Park, IL 60484 is $219,500 with the market action index hovering around 45. This is less than last month's market action index of 51. Inventory has increased to 20. Click here to stay informed with the University Park market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Strong Seller's Market

Market Narrative

The market has been cooling over time and prices plateaued for a while. Despite the consistent decrease in MAI, we’re in the Seller’s zone. Watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Real-Time Market Profile

Never miss important changes in the University Park market.
Median List Price $219,500
Median Price of New Listings $229,700
Per Square Foot $109
Average Days on Market 47
Median Days on Market 39
Price Decreased 50%
Price Increased 0%
Relisted 5%
Inventory 20
Median Rent
Market Action 45
Strong Seller's Market

Again this week we see prices in this zip code remain roughly at the level they’ve been for several weeks. Since we’re significantly below the top of the market, look for a persistent up-shift in the Market Action Index before we see prices move from these levels.

Market Segments

Each segment below represents approximately 25% of the market ordered by price.

Median Price Sq. Ft. Lot Size Beds Bath Age New Absorbed DOM
$260,500 2,384 1 - 2.5 acres 4 2 54 0 0 28
$229,700 2,288 8,000 - 10,000 sqft 4 2.5 49 2 0 56
$214,000 2,033 6,500 - 8,000 sqft 3 2 49 0 0 14
$145,000 1,480 6,500 - 8,000 sqft 3 1.5 53 1 0 49