University Park, Tempe Homes For Sale & Real Estate

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University Park Real Estate Insights

University Park is located in Tempe, Arizona.

The safety and security in University Park makes it an ideal place to raise children and allow them to play outdoors independently. Commuting will not be an issue here due to the excellent public transit systems in this locale. A lot of people here choose to commute by bike, so why not join them and save on gas in the process?

There are plenty of rental opportunities in University Park, with only a small percentage of homes being owner occupied. This neighborhood is known for having a very large concentration of college-educated people. Most of the residents in this area are relatively young, so it's a good place to be if you want to mingle with a youthful crowd.

Given its popularity and demand, University Park's real estate market is hot, with an average listing price of $552,000 this year; the average listing price increased 21.6 percent year-over-year. Concurrently, inventory remarkably rose year-over-year by a whopping 100 percent, from 1 to 2 for-sale listings. Individuals and families looking to move to this neighborhood have a much wider variety of options when it comes time to narrow search criteria and ultimately decide on a dream home.