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 26 single family homes for sale with an average list price of $229,838.39, 7 townhouses for sale with an average list price of $127,364.29, 1 condo for sale with a list price of $115,000, and 6 lots for sale with an average list price of $40,500. The average annual property tax for University Park is $4,913.35.

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 $22 to $22 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: $268,000
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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: $89,000
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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 For Sale This Week in University Park: November 7th to November 13th

New Homes For Sale This Week in University Park: November 7th to November 13th - November 14, 2025

University Park had 5 new homes for sale during the week of Friday, November 7 to Thursday, November 13, including including 4 single family homes for sale with an average ... continue reading
Homes Just Sold in University Park: November 4th to November 10th

Homes Just Sold in University Park: November 4th to November 10th - November 11, 2025

University Park had only 1 sale during the week of Tuesday, November 4 to Monday, November 10, including and it was a single family home for sale with a list ... continue reading
New Homes with Master Bedrooms on the 1st Floor in University Park: November 1st to November 7th

New Homes with Master Bedrooms on the 1st Floor in University Park: November 1st to November 7th - November 8, 2025

University Park had 2 new homes for sale with a master bedroom on the first floor during the month of Saturday, November 1 to Friday, November 7, including 1 ... continue reading
New Homes For Sale This Week in University Park: October 31st to November 6th

New Homes For Sale This Week in University Park: October 31st to November 6th - November 7, 2025

University Park had 5 new homes for sale during the week of Friday, October 31 to Thursday, November 6, including including 2 single family homes for sale with an average ... continue reading
New Golf Course Lots For Sale in University Park: October 28th to November 3rd

New Golf Course Lots For Sale in University Park: October 28th to November 3rd - November 4, 2025

University Park had only 1 new home backing up to golf courses for sale during the week of Tuesday, October 28 to Monday, November 3, and it was a single ... continue reading
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