Is University Park, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, University Park has remained a Seller's Market.
Key Takeaway
University Park is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in University Park, FL
How much do homes in University Park, FL cost?
Median Sold Price
$855,000
$365/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in University Park have sold for 1.8% more than they did a year ago.
Summary: The median home sold price in University Park was $855,000 in March 2024, up 1.8% from last year, and the median price per square foot was $365.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $490K | $755K | +54.1% |
| 3 Bedrooms | $775K | $860K | +11.0% |
| 4 Bedrooms | $1.3M | $1.5M | +17.9% |
| 5+ Bedrooms | - | - | N/A |
Summary: University Park housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 54.1%, 3 bedroom homes increased by 11%, 4 bedroom homes increased by 17.9%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Neighborhoods
| University Park | $840K | $855K | +1.8% |
| University Park Country Club | $835.5K | $850K | +1.7% |
Housing Supply in University Park, FL
How many homes are available in University Park, FL?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 37 | 37 | 0.0% |
Summary: The University Park real estate market had 37 homes for sale in March 2024, the same as February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 6 | 4 | -33.3% |
| 3 Bedrooms | 25 | 24 | -4.0% |
| 4 Bedrooms | 6 | 9 | +50.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The University Park housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 33.3%, 3 bedroom homes decreased by 4%, 4 bedroom homes increased by 50%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 8 | 8 | 0.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in University Park, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 8 homes were sold or pending in University Park in March 2024, the same as the previous month. Of the 8 sold homes, 50% were sold under asking, 38% were sold at asking, and 13% were sold over asking.
Days on Market for University Park, FL
How long does it take to sell a home in University Park, FL?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 46 Days | 33 Days | -27.9% |
Summary: Homes in University Park had an average of 33 days on market in Mar 2024, down by 27.9% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in University Park are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 8 homes were sold in University Park; 50% of homes were sold within 30 days, 38% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.
Listings courtesy of Stellar MLS as distributed by MLS GRID.
Copyright 2024 My Florida Regional Multiple Listing Service DBA Stellar MLS. The real estate listing data marked with this icon comes from the IDX program of the Stellar MLS system. All information provided is deemed reliable but is not guaranteed and should be independently verified. Listings displayed on this website may be subject to prior sale or removal from sale; availability of any listing should always be independently verified. Listing information is provided exclusively for consumers’ personal, non-commercial use, solely to identify potential properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law. Properties displayed may be listed or sold by various participants in the MLS.