University Real Estate Market Extends Downward Trend in Home Prices

The University market was busy in this week's report, as the number of home sales rose 8.3%, pushing the total to 13 homes sold over the last 30 days. Within the same time frame, the Canyon Crest neighborhood had 22 sales, the most of all neighborhoods in the area. The median sales price continued to fall, trending downwards for four weeks to reach $192,000. With just two months of inventory available and sales going up, University is a solid seller's market.

Looking to move to University, but at an economical price? You may want to start with these low-cost listings:

$129K   $135K   $150K  

Get started right now by checking out University homes for sale or reviewing University real estate trends.

Demographic facts about University:

  • The median value of all homes in the area is $145,145.
  • The area gets 42 rainy days a year. (U.S. average: 100)
  • The area's unemployment rate is 13.2%.
  • For every teacher there are 27.9 students in this area. (15.3 = national average)

Data reported through 10/12/2016

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RE/MAX MASTERS REALTY
Keller Williams Realty
Snapped 1 home in this area
Coldwell Banker Armstrong Properties
Snapped 2 homes in this area

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