Brokers — List your Company Here
Featured local agent — University Place, WA
Sarah Mitchell
Compass Real Estate · University Place, WA
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
This spot is open. Be the only brokerage featured on this page — one slot, no auction.
Claim this spot* Example only — dummy agent for illustration. Your logo, name, tagline, link, and lead routing replace this content.
University Place, WA Housing Market & Real Estate
Housing market overview · Updated monthly ·
$720,000median sale price
How is the University Place, WA housing market right now?
The median home sale price in University Place, WA is $720,000, up 5.9% year-over-year. Homes sell in an average of 8 days with 59 active listings. The market is currently a strong seller's market. (Source: Redfin monthly MLS data, as of May 2026 — the most recent Redfin release; Redfin publishes each month's data on a ~6-week lag.)
Is University Place a buyer's or seller's market?
University Place, WA is currently a strong seller's market, based on 1.4 months of supply and homes selling in about 8 days. How we determine this →
Homes sold
41
Last 12 weeks
Days on market
8
Fast-moving
Active listings
59
1.4 months supply
Sale-to-list
100.3%
Above asking
What does the University Place housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $720,000 |
| Median list price | $699,950 |
| Year-over-year price change | +5.9% |
| Average days on market | 8 days |
| Active inventory | 59 listings |
| Months of supply | 1.4 months |
| Sale-to-list price ratio | 100.3% |
| Median price per sq ft | $346/sq ft |
| Homes sold (latest month) | 41 |
| New listings (latest month) | 56 |
| Listings with a price cut | 30.5% |
| Market condition | Strong seller's market |
Source: Redfin · Updated monthly
How much do homes cost in University Place by property type?
How the University Place, WA market breaks down across single-family homes, condos, and townhouses.
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $755,000 | $352/sq ft | 35 | 8 days |
| Condo / Co-op | $369,950 | $342/sq ft | 5 | 9 days |
| Townhouse | $630,000 | $316/sq ft | 1 | 2 days |
Source: Redfin · Updated monthly
The University Place housing market is currently classified as a strong seller's market with a median sale price of $720,000. Prices have risen 5.9% compared to last year, with homes spending an average of 8 days on market, indicating 1.4 months of inventory.With limited inventory, homes sell quickly and buyers should be prepared to act decisively and competitively to secure a property.The price-to-income ratio of 7.0x provides context for how home values compare to local earning capacity.
Homes for sale in University Place
There are currently 59 homes listed for sale in University Place, Washington. The median listing price is $700K.
Active listings
59
Homes on market
Median list price
$700K
Avg. days on market
8
Days until sale
New this week
56
Newly listed
Who lives in University Place?
Population
34,850
Median income
$94,952/yr
Median age
38.9 years
Owner-occupied
58.9%
College grads
43.5%
Avg commute
28.3 min
Source: U.S. Census Bureau ACS
What are homes worth in University Place?
Zillow home value
$665,059
Zillow rent index
$1,904/mo
Price-to-rent ratio
29.1x
Price-to-income
7.0x
Source: Zillow Research
What is it like to live in University Place?
University Place is a community of approximately 35K residents with a median age of 38.9 years.The median household income is $94,952, which reflects a relatively affluent area with strong earning potential. 43.5% of residents hold a bachelor's degree or higher, indicating a highly educated population.
Homeownership rates are at 58.9%, showing a blend of owner and renter-occupied properties. The average commute time is 28.3 minutes, which makes this an excellent choice for those seeking short commutes to employment centers.Overall, University Place offers a balanced lifestyle with accessible home values relative to local income levels.
Which public schools serve University Place?
4 schools tracked · 3,277 students
The largest public schools serving University Place, WA by enrollment, drawn from the National Center for Education Statistics. School quality is a commonly cited factor in home-buying decisions — these are the campuses families in this area are most likely to encounter.
Curtis Senior High
Grades 10-12 · 1,303 students
Curtis Junior High
Grades 8-9 · 891 students
Sunset Primary
Grades PK-4 · 545 students
Evergreen Primary
Grades PK-4 · 538 students
Source: National Center for Education Statistics, Common Core of Data directory. Updated annually. Ratings and test scores are not currently displayed.
Which cities are near University Place, WA?
Want a head-to-head view? Compare University Place side-by-side with any other U.S. city using our market-comparison tool.
Is University Place a good real estate investment market?
For investors evaluating University Place, the price-to-rent ratio of 29.1x indicates higher purchase prices relative to rental income, typical of appreciation-focused markets. The market has appreciated 5.9% year-over-year, reflecting ongoing demand and value growth.Use our rent vs. buy calculator to analyze whether owning or renting makes more financial sense based on University Place's current market conditions and your specific situation. Estimate your monthly payment with the mortgage calculator using University Place's median home price.
Frequently asked questions
What is the average home price in University Place?
The median home sale price in University Place is $720,000, up 5.9% from last year.
How long do homes stay on market in University Place?
Homes typically spend 8 days on market before going under contract.
What is the median income in University Place?
The median household income is $94,952 per year.
Is University Place a buyer's or seller's market?
With 1.4 months of supply, University Place is currently a strong seller's market.
What is the Zillow home value estimate for University Place?
The Zillow Home Value Index (ZHVI) for University Place is $665,059, representing the typical home value in the area.
What is the median condo price in University Place?
The median condo/co-op sale price in University Place, WA is $369,950, compared to $755,000 for a single-family home, based on the latest Redfin data.
How much does a single-family home cost in University Place?
The median single-family home price in University Place, WA is $755,000 (about $352 per square foot).
Be the brokerage on this page
1 slot per pageGet featured on University Place, WA
Your logo, brokerage name, and direct link to your site — featured at the top of this page in front of every visitor researching this whole city. One brokerage, no rotation, no bidding war.
- Goes live in 24 hours
- Cancel anytime
- Do-follow backlink to your site
Get University Place market alerts
Weekly updates on prices, inventory, and trends. Free forever.