University Park Real Estate Market Continues Weakness in Price Cuts

Sales in the University Park market fell to two homes sold over the past 30 days. In addition, the number of sellers reducing their listing price is still in the midst of a downward trend with one price reduction in the same time frame. As the lowering of listing prices trended lower, sale prices themselves have also been increasing. The median sales price hit $577,500, extending a four-week long spike. In spite of the decrease in sales, a low two months of inventory signals that University Park is a definite seller's market.

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Demographic facts for University Park:

  • The median age of all homes is 61.
  • The average snowfall is 15.7 inches per year. (U.S. average: 25)
  • The rating in which jobs are expected to grow is 47. (Scale: 1 = Worst, 100 = Best)
  • The average expenditures for each student in the area is $5,744. ($5,691 = national average)

Data reported through 10/12/2016

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Ask a local expert about this area:
RE/MAX United Real Estate
65 reviews
Residential Real Estate Corp.
Snapped 13 homes in this area
Keller Williams Capital Properties
Snapped 40 homes in this area

Agents that specialize in this area
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