University Park Home Prices & Values

No data Zillow Home Value Index

  • No data1-year change
  • No data 1-year forecast

Market Temperature: Very ColdWhat's This?
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Based on three metrics—sale-to-list price ratio, the prevalence of price cuts on home listings, and time-on-market—the market temperature provides information on the current balance of bargaining power between buyers and sellers in this city relative to other cities in the same metropolitan area. A particular city may be identified as a good market for buyers in a metro market favorable to sellers overall. Learn more

Buyers' Market Sellers' Market

The median list price per square foot in University Park is $355, which is higher than the Dallas-Fort Worth Metro average of $101. The median price of homes currently listed in University Park is $1,345,000 while the median price of homes that sold is $920,098. The median rent price in University Park is $3,300, which is higher than the Dallas-Fort Worth Metro median of $1,300.

Foreclosures will be a factor impacting home values in the next several years. In University Park 0.9 homes are foreclosed (per 10,000). This is lower than the Dallas-Fort Worth Metro value of 4.2 and also lower than the national value of 4.3

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 1.3%, which is lower 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 6.9%, which is lower than Dallas-Fort Worth Metro at 10.4%.

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Relative ZHVI
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University Park Market Overview

Data through Aug 31, 2014
  • No data ZHVI
  • No data 1-yr forecast
  • $1,345,000 Median listing price
  • $920,098 Median sale price
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University Park Market Health

Data through Aug 31, 2014
  • No recent data
  • No data Average days on Zillow
  • 6.9% Homes with negative equity (17.0% US Avg) (Jun 30, 2014)
  • 1.3% Delinquent on mortgage (6.9% US Avg) (Jun 30, 2014)

Homes foreclosed (per 10,000)

0.9 homes(Sep 30, 2013) University Park
4.2 homes Dallas-Fort Worth Metro
4.3 homes United States
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Nearby Cities

Name Median ZHVI Name Median ZHVI Name Median ZHVI
Highland Park $1,281,800 Richardson $189,100 Carrollton $173,900
Farmers Branch $135,800 Irving $126,300 Garland $115,100
Dallas $112,700 Mesquite $105,500  

Listings & Sales

Data through Aug 31, 2014
  • $355 Median list price / sq ft
  • $253 Median sale price / sq ft
  • 40.7% Listings with price cut
24.7%
Sold below listing
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University Park Rentals

Data through Aug 31, 2014
Zillow Rent Index What's This?
Close The Zillow Rent Index is the median Rent Zestimate valuation for a given geographic area on a given day. Learn more
$1,407 Dallas-Fort Worth Metro
$1,328 United States
  • 4.5 Breakeven horizon What's This?  
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    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more

    (Jun 30, 2014)
  • $3,300 Rent list price
  • $1.84 Rent list price / sq ft
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