Home Values

University Park Home Prices & Values

Zillow Home Value Index

The Zillow Home Value Index is the median Zestimate valuation for a given geographic area on a given day. Learn more

$106,800

  • -1.2% 1-year change
  • -0.2% 1-year forecast

The median home value in University Park is $106,800. University Park home values have declined -1.2% over the past year and Zillow predicts they will fall -0.2% within the next year. The median price of homes currently listed in University Park is $60,000 while the median price of homes that sold is $224,175. The median rent price in University Park is $1,545, which is lower than the Chicago Metro median of $1,641.

Mortgage delinquency is the first step in the foreclosure process. This is when a homeowner fails to make a mortgage payment. The percent of delinquent mortgages in University Park is 21.8%, which is higher than the national value of 6.9%. With U.S. home values having fallen by more than 20% nationally from their peak in 2007 until their trough in late 2011, many homeowners are now underwater on their mortgages, meaning they owe more than their home is worth. The percent of University Park homeowners underwater on their mortgage is 35.4%, which is higher than Chicago Metro at 27.1%.

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Relative ZHVI
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University Park Market Overview

Data through Sep 30, 2014
  • $106,800 ZHVI
  • -0.2% 1-yr forecast
    The Zillow Home Value Forecast is Zillow's prediction of what the Zillow Home Value Index will be one year from now. Learn more
    (Sep 30, 2015)
  • $60,000 Median listing price
  • No recent data Median sale price
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University Park Market Health

Data through Sep 30, 2014
  • 3.5/10 Less healthy
    The Market Health Index illustrates the current health of a region's housing market relative to other markets across the country. The Market Health Index is based on up to 10 metrics including those capturing the past and projected evolution of home values, the prevalence of foreclosures, foreclosure re-sales, negative equity and delinquency, as well as whether homes are currently selling faster or slower than in the past.
  • No data Average days on Zillow
  • 35.4% Homes with negative equity (17.0% US Avg) (Mar 31, 2014)
  • 21.8% Delinquent on mortgage (6.9% US Avg) (Mar 31, 2014)
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Nearby Cities

Name Median ZHVI
Olympia Fields $214,200
Flossmoor $210,400
Monee $160,100
Name Median ZHVI
Crete $152,300
Matteson $139,400
Richton Park $116,300
Name Median ZHVI
Steger $90,800
Chicago Heights $88,200
Park Forest $76,600

Listings & Sales

Data through Sep 30, 2014
  • $42 Median list price / sq ft
  • No recent data Median sale price / sq ft
  • 33.3% Listings with price cut
36.4%
Sold below listing
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University Park Rentals

Data through Sep 30, 2014
  • Zillow Rent Index

  • $1,432 University Park
    $1,647 Chicago Metro
    $1,335 United States

    The Zillow Rent Index is the median Rent Zestimate valuation for a given geographic area on a given day. Learn more

  • 1.2 Breakeven horizon
    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more
    (Jun 30, 2014)
  • $1,545 Rent list price
  • $0.89 Rent list price / sq ft
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