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Bankruptcy Homes in University Park, IL

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University Park, IL Foreclosures

How much do homes sell for in University Park, IL?
The average home price is currently $403,097.
In University Park, IL, how many homes are available?
There are currently 39 active home listings available in University Park.
What’s the average rental cost in University Park, IL?
The average rental price in University Park is $1,371.
What is the most expensive home in University Park?
The most expensive home sold in University Park had a price of $83,954,688.
What is currently the cheapest priced home in University Park, IL?
The cheapest home for sale in University Park is priced at $24,981.

Living in University Park, IL

University Park, IL is a charming suburban community offering spacious homes, abundant green spaces, and easy access to the city of Chicago. Families appreciate the area’s excellent schools and local amenities. The community is well-connected through public transportation, enhancing its appeal for commuters.

Current Market Conditions in University Park, IL

The real estate market in University Park has shown a consistent trend of stability, with demand for single-family homes remaining strong. The community's affordable housing options and favorable living conditions have attracted a good number of first-time homebuyers and families looking to settle down.

Recent trends indicate a slight increase in home values, driven by an influx of buyers seeking suburban living with convenient city access. This growing interest suggests a positive long-term outlook for homeowners and potential investors in the area.

Home Value Estimator For University Park, IL

There are currently 1,854 real estate properties in University Park, IL, with a median automated valuation model (AVM) price of $196,090.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in University Park, IL, based on current market trends, comparable real estate sales nearby, historical data and, of course, property features, among other variables. These automated home estimates are often very helpful, providing buyers and sellers with a better idea of a home’s value ahead of the negotiation process. For example, the average home price in University Park, IL, is $403,097.00, with the most expensive house in University Park, IL, topping out at $83,954,688.00 and the cheapest home in University Park, IL, clocking in at $24,981.00. In other words, there’s something for every potential homebuyer or savvy investor in University Park, IL!

Rent Prices In University Park, IL

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in University Park, IL, is on a rollercoaster ride. The average rent price in University Park, IL, is $1,371.00. Indeed, when looking to rent in University Park, IL, you can expect to pay as little as $850.00 or as much as $2,640.00, with the average rent median estimated to be $1,340.00. The good news is that finding an affordable and desirable property to rent in University Park, IL -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.

University Park, IL Bankruptcy Homes

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