University Place, WA Housing Market
The University Place housing market is very competitive. Homes in University Place receive 3 offers on average and sell in around 8 days. The median sale price of a home in University Place was $651K last month, up 18.4% since last year. The median sale price per square foot in University Place is $353, up 11.5% since last year.
University Place Housing Market Trends
In April 2024, University Place home prices were up 18.4% compared to last year, selling for a median price of $651K. On average, homes in University Place sell after 8 days on the market compared to 7 days last year. There were 33 homes sold in April this year, up from 27 last year.
How much is your home worth? Track your home’s value and compare it to nearby sales.
How hot is the University Place housing market?
The Redfin Compete Score rates how competitive an area is on a scale of 0 to 100, where 100 is the most competitive.
Calculated over the last 3 months
- Many homes get multiple offers, some with waived contingencies.
- The average homes sell for around list price and go pending in around 6 days.
- Hot homescan sell for about 3% above list price and go pending in around 3 days.
The Redfin Compete Score rates how competitive an area is on a scale of 0 to 100, where 100 is the most competitive.
Calculated over the last 3 months
- Many homes get multiple offers, some with waived contingencies.
- The average homes sell for about 1% above list price and go pending in around 7 days.
- Hot homescan sell for about 4% above list price and go pending in around 4 days.
The Redfin Compete Score rates how competitive an area is on a scale of 0 to 100, where 100 is the most competitive.
Calculated over the last 3 months
- Many homes get multiple offers, some with waived contingencies.
- The average homes sell for around list price and go pending in around 12 days.
- Hot homescan sell for about 1% above list price and go pending in around 3 days.
University Place Migration & Relocation Trends
- Across the nation, 3% of homebuyers searched to move into University Place from outside metros.
- San Francisco homebuyers searched to move into University Place more than any other metro followed by New York and Washington.
- 80% of University Place homebuyers searched to stay within the University Place metropolitan area.
- Phoenix was the most popular destination among University Place homebuyers followed by Bellingham and Portland.
Inbound | Net inflow | ||
---|---|---|---|
Metros | Mar '24 - May '24 | ||
1 | 1,822 | ||
2 | 1,111 | ||
3 | 201 | ||
4 | 15 | ||
5 | 8 | ||
6 | 7 | ||
7 | 6 | ||
8 | 5 | ||
9 | 3 | ||
10 | 3 |
Outbound | Net outflow | ||
---|---|---|---|
Metros | Mar '24 - May '24 | ||
1 | 3,986 | ||
2 | 3,013 | ||
3 | 2,625 | ||
4 | 2,519 | ||
5 | 2,096 | ||
6 | 1,788 | ||
7 | 1,537 | ||
8 | 1,171 | ||
9 | 1,137 | ||
10 | 1,106 |
Home offer insights for University Place
Recent offers
- Offer Not Accepted|5 Weeks Ago~$600K OfferSold for $600K3 bd | 1.75 ba | ~1,500 sqftOver List Price0%Days on Market3Competing Offers3Down Payment<10%
- Offer Not Accepted|12 Weeks Ago~$650K OfferSold for $650K2 bd | 2 ba | ~1,500 sqftOver List Price3%Days on Market7Competing Offers7Down Payment—
View houses in University Place that sold recently
Recently sold homes
- $990,000 Last Sold Price4 beds2.5 baths3,062 sq ft6711 58th Street Ct W, University Place, WA 98467Kelly Prosser • Windermere Chambers Bay Theory Real EstateList Price$925,000Sale to List7% over listDays on Market63 days6711 58th Street Ct W, University Place, WA 98467
- $360,000 Last Sold Price2 beds1.5 baths1,441 sq ft5531 Bridgeport Way W Unit D, University Place, WA 98467Dave Wheeler • Goldhouse Realty Windermere Prof PartnersList Price$360,000Sale to List0% over listDays on Market89 days5531 Bridgeport Way W Unit D, University Place, WA 98467
- $640,000 Last Sold Price3 beds2 baths1,838 sq ft8123 64th Street Ct W, University Place, WA 98467Kevin Knoben • Engel & Voelkers North Tacoma Windermere AbodeList Price$619,995Sale to List3% over listDays on Market37 days8123 64th Street Ct W, University Place, WA 98467
- $1,250,000 Last Sold Price5 beds2.5 baths3,320 sq ft6511 86th Avenue Ct W, University Place, WA 98467Redfin Sievers Real EstateList Price$1,299,950Sale to List4% under listDays on Market29 days6511 86th Avenue Ct W, University Place, WA 98467
- $610,000 Last Sold Price4 beds2 baths2,728 sq ft1428 Weathervane Dr, Fircrest, WA 98466Terrence Williams • Unique Lifestyle Realty RE/MAX Extra Inc.List Price$600,000Sale to List2% over listDays on Market48 days1428 Weathervane Dr, Fircrest, WA 98466
- $677,000 Last Sold Price4 beds2.5 baths2,134 sq ft6812 Topaz Dr SW, Lakewood, WA 98498Inga Legkun • Keller Williams Rty Tacoma Realty One Group Turn KeyList Price$689,000Sale to List2% under listDays on Market44 days6812 Topaz Dr SW, Lakewood, WA 98498
- $595,000 Last Sold Price4 beds2.5 baths1,684 sq ft5219 95th Avenue Ct W, University Place, WA 98467RE/MAX Advantage RedfinList Price$595,000Sale to List0% over listDays on Market36 days5219 95th Avenue Ct W, University Place, WA 98467
- $832,000 Last Sold Price4 beds3.5 baths5,197 sq ft6425 45th St W, University Place, WA 98466Shueli Sun • Realogics Sotheby's Int'l Rlty John L. Scott, IncList Price$865,000Sale to List4% under listDays on Market31 days6425 45th St W, University Place, WA 98466
See all recently sold homes in University Place.
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Schools in University Place
- Elementary
- Middle
- High
GreatSchools Rating
9/10 Narrows View Intermediate School Public • 5-7 | 671 Students | 6 reviews |
8/10 University Place Primary School Public • PreK-4 | 519 Students | 10 reviews |
7/10 Drum Intermediate School Public • 5-7 | 606 Students | 9 reviews |
7/10 Chambers Elementary School Public • K-4 | 514 Students | 8 reviews |
6/10 Evergreen Primary School Public • PreK-4 | 554 Students | 8 reviews |
Climate's impact on University Place housing
Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that could impact homes in University Place.
Flood Factor - Moderate
Flood Factor
Fire Factor - Moderate
Fire Factor
Wind Factor - Minimal
Wind Factor
Heat Factor - Moderate
Heat Factor
Transportation in University Place
Walk Score®
Bike Score®
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