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 18 single family homes for sale with an average list price of $260,659.61, 8 townhouses for sale with an average list price of $164,187.50, 4 condos for sale with an average list price of $104,499.75, and 6 lots for sale with an average list price of $65,666.67. The average annual property tax for University Park is $4,977.24.

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 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 average annual property tax for Monterey Village is $1,911.48. It is located in Will County. ... Read more
Median Price: $68,200
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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

Homes Just Sold in University Park: July 22nd to July 28th

Homes Just Sold in University Park: July 22nd to July 28th - July 29, 2025

University Park had 2 sales during the week of Tuesday, July 22 to Monday, July 28, including including 1 townhouse for sale with a list price of $159,900 and 1 ... continue reading
New Homes with Master Bedrooms on the 1st Floor in University Park: July 19th to July 25th

New Homes with Master Bedrooms on the 1st Floor in University Park: July 19th to July 25th - July 26, 2025

University Park had only 1 new home for sale with a master bedroom on the first floor during the month of Saturday, July 19 to Friday, July 25, and ... continue reading
New Homes For Sale This Week in University Park: July 18th to July 24th

New Homes For Sale This Week in University Park: July 18th to July 24th - July 25, 2025

University Park had 2 new homes for sale during the week of Friday, July 18 to Thursday, July 24, including including 2 single family homes for sale with an average ... continue reading

Homes Just Sold in University Park: July 15th to July 21st - July 22, 2025

University Park had only 1 sale during the week of Tuesday, July 15 to Monday, July 21, including and it was a lot for sale with a list price of ... continue reading
New Homes with Master Bedrooms on the 1st Floor in University Park: July 12th to July 18th

New Homes with Master Bedrooms on the 1st Floor in University Park: July 12th to July 18th - July 19, 2025

University Park had only 1 new home for sale with a master bedroom on the first floor during the month of Saturday, July 12 to Friday, July 18, and ... continue reading
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Real Estate News

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