Falling home prices in University Park (Will County) in January 2021

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The median sale price of a home sold in January 2021 in University Park in Will County fell by $12,000 while total sales increased by 40%, according to BlockShopper.com.

In January 2021, there were seven homes sold, with a median sale price of $95,000 - a 11.2% decrease over the $107,000 median sale price for the same period of the previous year. There were five homes sold in University Park in January 2020.

The median sales tax in University Park for the most recent year with available data, 2019, was $4,642, approximately 4.9% of the median home sale price for January 2021.

The following table compares University Park to other Will County cities with similar median sale prices in January 2021:

CityJan. 2021 Home SalesJan. 2020 Home Sales% change (Total Home Sales)Jan. 2021 Median Sales PriceJan. 2020 Median Sales Price% change (Median Sales Price)
Crest Hill262123.8%$152,500$170,000-10.3%
Lakewood Shores10-$138,000$0-
Lakewood Falls12-50%$118,000$206,450-42.8%
Park Forest412-66.7%$117,950$26,000353.7%
Ingalls Park5425%$103,000$92,50011.4%
University Park7540%$95,000$107,000-11.2%
* This story only considers sales data for the part of University Park that is in Will County.

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