University Park, IL, Real Estate

University Park, Illinois, is a vibrant village in Will County, with a population of approximately 7,000 as of the 2020 census. Originally founded as a planned community in the 1960s, it is home to Governors State University, which serves as a cultural and educational hub for the region. The village boasts a diverse community, well-maintained parks, and recreational facilities, including the Deer Creek Golf Course. University Park also offers convenient access to Chicago via the Metra commuter rail, making it an attractive location for families and professionals seeking a suburban lifestyle with urban connectivity. Its commitment to community engagement is evident through events like the annual summer festivals and local farmers' markets.

University Park currently has 23 single family homes for sale with an average list price of $239,156.48, 7 townhouses for sale with an average list price of $141,542.86, 1 condo for sale with a list price of $105,000, and 7 lots for sale with an average list price of $58,142.86. The average annual property tax for University Park is $4,961.26.

Schools

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Absorption Report

Using the absorption rate, we can determine how long it's taking for homes to sell and which price points are selling the fastest in University Park, i.e. what's hot and what's not.

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Recent Sales

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Train Stations

Station Line(s) Address
University Park Line(s): Metra Electric District (ME) 1900 University Pkwy., University Park View Commute

Train Stations

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Subdivisions

Subdivisions Median Price
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Blackhawk Woods

Blackhawk Woods is a subdivision in University Park, Illinois. It currently has no homes for sale. It is located in Will County. Blackhawk Woods is a single family home subdivision. Blackhawk Woods is located in University Park, Illinois south of University Parkway and west of Western Avenue. ... Read more
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Cityscape Townhomes

Cityscape Townhomes is a subdivision in University Park, Illinois. It currently has no homes for sale.
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Fairway Club Estates

Fairway Club Estates is a single-family home community in University Park, Illinois, built between 2007 and 2024. It currently has no homes for sale. The homes range in size from 2,430 ft2 to 4,844 ft2. The HOA fees range from $265 to $265 per month. The average annual property tax for Fairway Club Estates is $7,549.64. It is located in Will County. Fairway Club Estates is a subdivision of single family homes built starting in the early 2000s by Montalbano Builders. Fairway Club Estates is located in University Park, Illinois within the Deer Creek Golf Club east of Western Avenue and north of Crete-Monee Road. ... Read more
Median Price: $348,950
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Monterey Village

Monterey Village is a condo and townhouse community in University Park, Illinois, built between 1970 and 1974. It currently has no homes for sale. The homes range in size from 898 ft2 to 1,148 ft2. The HOA fees range from $200 to $250 per month. The average annual property tax for Monterey Village is $1,911.48. It is located in Will County. ... Read more
Median Price: $60,000
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Pine Trace

Pine Trace is a subdivision in University Park, Illinois. It currently has no homes for sale. It is located in Will County.
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Subdivisions

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Market Trends

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Real Estate News

New Homes with Master Bedrooms on the 1st Floor in University Park: September 6th to September 12th

New Homes with Master Bedrooms on the 1st Floor in University Park: September 6th to September 12th - September 13, 2025

University Park had only 1 new home for sale with a master bedroom on the first floor during the month of Saturday, September 6 to Friday, September 12, and ... continue reading
New Homes For Sale This Week in University Park: September 5th to September 11th

New Homes For Sale This Week in University Park: September 5th to September 11th - September 12, 2025

University Park had 2 new homes for sale during the week of Friday, September 5 to Thursday, September 11, including including 1 single family home for sale with a list ... continue reading
New Homes with Master Bedrooms on the 1st Floor in University Park: August 30th to September 5th

New Homes with Master Bedrooms on the 1st Floor in University Park: August 30th to September 5th - September 6, 2025

University Park had 3 new homes for sale with a master bedroom on the first floor during the month of Saturday, August 30 to Friday, September 5, including 3 ... continue reading
New Homes For Sale This Week in University Park: August 29th to September 4th

New Homes For Sale This Week in University Park: August 29th to September 4th - September 5, 2025

University Park had 6 new homes for sale during the week of Friday, August 29 to Thursday, September 4, including including 4 single family homes for sale with an average ... continue reading
Homes Just Sold in University Park: August 26th to September 1st

Homes Just Sold in University Park: August 26th to September 1st - September 2, 2025

University Park had only 1 sale during the week of Tuesday, August 26 to Monday, September 1, including and it was a townhouse for sale with a list price of ... continue reading
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