Altos Market Data for Realtors

University Park, IL 60484

Single-Family Homes

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University Park, IL 60484

Wed Oct 09 2024
This week the median list price for University Park, IL 60484 is $224,350 with the market action index hovering around 35. This is less than last month's market action index of 45. Inventory has decreased to 18. 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.

Slight Seller's Advantage

Market Narrative

The market has been cooling off a bit in recent weeks, as more homes are available and demand is less. We’re already seeing prices move lower as a result. Expect this trend to continue especially if the index falls to the Buyer’s zone. Watch for a persistent up-turn in Market Action to signal prices rising again.

University Park, IL 60484

Wed Oct 09 2024
This week the median list price for University Park, IL 60484 is $224,350 with the market action index hovering around 35. This is less than last month's market action index of 45. Inventory has decreased to 18. 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.

Slight Seller's Advantage

Market Narrative

The market has been cooling off a bit in recent weeks, as more homes are available and demand is less. We’re already seeing prices move lower as a result. Expect this trend to continue especially if the index falls to the Buyer’s zone. Watch for a persistent up-turn in Market Action to signal prices rising again.

Real-Time Market Profile

Never miss important changes in the University Park market.
Median List Price $224,350
Median Price of New Listings $195,000
Per Square Foot $109
Average Days on Market 64
Median Days on Market 56
Price Decreased 72%
Price Increased 0%
Relisted 22%
Inventory 18
Median Rent
Market Action 35
Slight Seller's Advantage

Again this week in this zip code we see a downward notch for prices. Pricing has been weak in recent weeks and versus their absolute-high level. At this point, we will be looking for a persistent upward shift in the Market Action Index as a leading indicator for a trough in prices.

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
$267,700 2,470 6,500 - 8,000 sqft 4 2.5 50 0 0 66
$234,999 2,222 6,500 - 8,000 sqft 3 2 51 0 0 35
$220,000 1,715 6,500 - 8,000 sqft 4 2 49 0 0 56
$157,500 1,480 0.25 - 0.5 acre 3 1.5 49 1 0 77