University Park, TX Housing Market: 165 Homes Sold (September 2025 to September 2026)

Q: What does the typical University Park home cost?

The typical University Park home sold for $2,850,000 (about $685 per square foot) over the last twelve months.

Q: How fast do homes sell in University Park?

The typical University Park home went under contract in 20 days; 32.7% sold within the first week.

Q: Is it cheaper to rent or buy in University Park?

The median University Park lease ran $6,475/month this year; principal and interest on the median $2,850,000 home is roughly $16,213/month with 10% down.

A fair fight: well-priced homes move in about 20 days, and 17.6% still beat asking.

University Park market at a glance

Homes sold (12 months): 165
Median sale price: $2,850,000 (about $16,213/month with 10% down at a 6.5% 30-year rate, principal & interest)
Median price per square foot: $685
Median days on market (list to contract): 20; 32.7% went under contract within a week
Sold over asking: 17.6% · Sold under asking: 68.5%
Typical home: 4 bed, 4,178 sqft, built 1996, mostly Highland Park ISD
Price range of sales: $398,000 – $30,500,000
On the market right now: 53 active listings, 16 under contract, 3.9 months of supply, median asking $2,950,000
How buyers paid: Conventional 55.8%, FHA 0%, VA 0.6%, Cash 41.2%, Other 2.4%
Seller contributions: 16.4% of sellers chipped in, typically $10,000
Contract to close: about 28 days
Median rent (same home types, 148 closed leases): $6,475/month. Owning the median home runs about $16,213/month principal & interest with 10% down
HOA: 11.5% of sales had a mandatory HOA, typically $417/month
New construction: 10.3% of sales, median $5,475,000 vs $2,699,200 resale

Five-year price history in University Park

Median sale price by quarter: 2022 Q1: $2,037,500 · 2023 Q1: $1,849,500 · 2024 Q1: $2,499,000 · 2025 Q1: $2,267,000 · 2026 Q1: $2,862,500 · 2026 Q3: $2,797,500.

Median price by elementary school zone

University: 40 sales, median $3,100,000, $694/sqft
Hyer: 37 sales, median $4,600,000, $899/sqft
Michael M Boone: 33 sales, median $2,970,000, $721/sqft
Armstrong: 31 sales, median $1,505,000, $497/sqft
Bradfield: 23 sales, median $2,000,000, $608/sqft

Pricing right vs. cutting the price in University Park

Sellers who held their original asking price sold in 11 days at 98.8% of ask. Sellers who overpriced and later cut took 92 days and kept 91.5% of the original ask, roughly $218,600 left on the table on a typical University Park listing.

Most active University Park neighborhoods

University Heights: 28 sales, median $4,950,000, 27 days on market
Caruth Hills: 8 sales, median $3,484,000, 4 days on market

Nearby markets

Dallas · Garland · Mesquite · Grand Prairie · Irving · Richardson · Rowlett · Cedar Hill

Common questions

Is now a good time to buy in University Park? A fair fight: well-priced homes move in about 20 days, and 17.6% still beat asking.

What does the typical University Park home cost? $2,850,000, about $685 per square foot, or roughly $16,213/month with 10% down before taxes and insurance.

How fast do homes sell in University Park? The typical home went under contract in 20 days; 32.7% sold within the first week.

Is it cheaper to rent or buy in University Park? The median University Park lease ran $6,475/month this year, while principal and interest on the median $2,850,000 home is roughly $16,213/month with 10% down, before taxes and insurance.

Source: NTREIS MLS closed sales, September 5 2025 to September 5 2026. Aggregate data only; Texas is a non-disclosure state. Compiled by Pax Realty (Ryan Storch, Broker). Explore all 186 cities · Full dataset · Text Ryan · Call/text (972) 974-1821.