Is University Park, IL 60484 a buyer’s or seller’s market?

The University Park housing market right now

In the three months ending August 31, 2026, 40% of homes in University Park, IL 60484 sold above their list price, the typical home went under contract in 59 days and there were 3.8 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 15 home sales.

Compared with the same period a year earlier, the share selling over asking was about the same (42% then), homes sold about as fast and the median sale price fell 12% to $184,920. Overall, University Park is about as competitive as it was a year ago.

Within Will County, homes here sell more slowly than in 72% of the county’s ZIP codes, and sell more often over asking than in 59%. On our competition score, University Park ranks #413 of 464 IL ZIP codes with enough sales (score 41 out of 100).

Nearby, buyers who want less competition could look at Elwood 60421 (17% sold over asking) or Beecher 60401 (17% sold over asking), while Bolingbrook 60440 (61% sold over asking) and New Lenox 60451 (50% sold over asking) are even more competitive.