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Will County Gazette

Monday, November 25, 2024

University Park (Will County) home prices fall in January 2018

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The median sale price of a home sold in January 2018 in University Park in Will County fell by $10,200 while total sales decreased by 44.4%, according to BlockShopper.com.

In January 2018, there were five homes sold, with a median sale price of $89,900 - a 10.2% decrease over the $100,100 median sale price for the same period of the previous year. There were nine homes sold in University Park in January 2017.

The median sales tax in University Park for the most recent year with available data, 2017, was $4,454.70, approximately 5% of the median home sale price for January 2018.

The following table compares University Park to other Will County cities with similar median sales prices in January 2018:

CityJan. 2018 Home SalesJan. 2017 Home Sales% change (Total Home Sales)Jan. 2018 Median Sales PriceJan. 2017 Median Sales Price% change (Median Sales Price)
Wilmington7616.7%$151,000$141,5006.7%
Monee660%$145,750$90,64760.8%
Ingalls Park440%$117,000$107,0009.3%
Ridgewood110%$115,000$23,289393.8%
Preston Heights14-75%$99,000$135,000-26.7%
University Park59-44.4%$89,900$100,100-10.2%
Steger7540%$88,000$60,79144.8%
Park Forest46-33.3%$70,000$102,025-31.4%
Arbury Hills13-66.7%$70,000$178,500-60.8%
Lakewood Shores110%$18,000$45,500-60.4%
Lincoln Estates110%$17,500$228,000-92.3%
* This story only considers sales data for the part of University Park that is in Will County.

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