Why Live in University Park
University Park owes its name to Florida International University, home of the Panthers. This college community is not only a hub for student activity but a self-contained suburb, complete with side-walk-lined streets, parks, schools, shopping and dining. “It’s a really friendly, welcoming, family-oriented area,” says Cesar Villarreal, a local Realtor with Keller Williams Capital Realty. “Home values are increasing rapidly there. Miami’s got two main universities. FIU is the newer, public one. A lot of it was built out in the 2000s, and it’s still developing. So, you have this modern campus to explore and all these businesses popping up around it. Everything is only a few minutes away. It’s super central.” Single-family homes in University Park range from around $500,000 for ranch-style homes and bungalows to $1.9 million for estate-style residences. While some properties date back to the 1950s, most homes in the community were built between the 1960s and ‘90s. Most are also free of HOAs. “Believe it or not, a house built in the ‘70s is pretty new compared to, like, Coral Gables, where most homes are from the ‘20s and ‘50s,” Villarreal says. “So, these houses have features that
Home Trends in University Park, FL
On average, homes in University Park, FL sell after 47 days on the market compared to the national average of 70 days. The median sale price for homes in University Park, FL over the last 12 months is $420,000, down 34% from the median home sale price over the previous 12 months.
Median Sale Price
$420,000
Median Single Family Sale Price
$420,000
Median 2 Bedroom Sale Price
$435,000
Average Price Per Sq Ft
$304
Number of Homes for Sale
0
Last 12 months Home Sales
3
Median List Price
$447,000
Median Change From 1st List Price
6%
Median Home Sale Price YoY Change
-34%