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American Dream homes: Prices in 9 cities

According to Coldwell Banker, Americans aspire to own a four-bedroom, two-bath home with roughly 2,200 square feet of space. What you'll pay, however, varies dramatically: from an average of $60,000 in Redford, Mich., to $1.7 million in Los Altos, Calif.

University Park, Ill.

gallery american dream homes university park
  • Average listing price in area: $81,107
  • This home: $99,000
  • Description: 4 beds, 2 baths; 2,419 square feet

The real estate dollar stretches a long way in some of Chicago's southern suburbs -- and University Park is no exception. Located 30 miles south of the Windy City, the small, planned community, claims a 30-acre lake, community pool and Governors State University as its main attractions.

Seven years ago, this split-level home, built in 1993, sold for $350,000, according to Trulia, but the real estate bust destroyed the home's value. It is now a bank-owned property and is selling for slightly more than the average four bedroom house in town, thanks to all of its amenities, including its nearly acre-sized, cul-de-sac lot, hardwood floors, fireplace and separate family room.

For further information: Trulia

Source: Coldwell Banker
  @CNNMoney - Last updated December 13 2012 07:03 PM ET

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