Is University Park, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, University Park has remained a Seller's Market.
Housing Prices in University Park, CA
How much do homes in University Park, CA cost?
Median Sold Price
$1,300,000
$788/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in University Park was $1,300,000 in April 2024, up 7.2% from last year, and the median price per square foot was $788.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $950K | $1.0M | +13.2% |
3 Bedrooms | $1.2M | $1.4M | +17.0% |
4 Bedrooms | $1.2M | $1.6M | +30.0% |
5+ Bedrooms | $1.6M | $2.9M | +85.8% |
Summary: University Park housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 13.2%, 3 bedroom homes increased by 17%, 4 bedroom homes increased by 30%, and 5+ bedroom homes increased by 85.8%.
Median Sold Price Compared To Nearby Neighborhoods
Woodbridge | $920K | $1.2M | +30.4% |
University Park | $1.2M | $1.3M | +7.2% |
Turtle Rock | $1.7M | $1.8M | +5.2% |
Housing Supply in University Park, CA
How many homes are available in University Park, CA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
19 | 18 | -5.3% |
Summary: The University Park real estate market had 18 homes for sale in April 2024, a 5.3% decrease compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 7 | 6 | -14.3% |
3 Bedrooms | 8 | 9 | +12.5% |
4 Bedrooms | 2 | 2 | 0.0% |
5+ Bedrooms | 2 | 1 | -50.0% |
Summary: The University Park housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 14.3%, 3 bedroom homes increased by 12.5%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 50%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
9 | 8 | -11.1% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Summary: A total of 8 homes were sold or pending in University Park in April 2024, down by 11.1% month-over-month. Of the 8 sold homes, 25% were sold under asking, 0% were sold at asking, and 75% were sold over asking.
Days on Market for University Park, CA
How long does it take to sell a home in University Park, CA?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
12 Days | 8 Days | -33.1% |
Summary: Homes in University Park had an average of 8 days on market in Apr 2024, down by 33.1% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During April 2024, 8 homes were sold in University Park; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.