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 5 days. The median sale price of a home in University Place was $633K last month, up 9.5% since last year. The median sale price per square foot in University Place is $348, up 18.8% since last year.
University Place Housing Market Trends
In March 2024, University Place home prices were up 9.5% compared to last year, selling for a median price of $633K. On average, homes in University Place sell after 5 days on the market compared to 28 days last year. There were 24 homes sold in March this year, down 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 2% 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 around list price and go pending in around 9 days.
- Hot homescan sell for about 3% 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
- Some homes get multiple offers.
- The average homes sell for around list price and go pending in around 9 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 | Feb '24 - Apr '24 | ||
1 | 2,406 | ||
2 | 1,003 | ||
3 | 139 | ||
4 | 11 | ||
5 | 6 | ||
6 | 4 | ||
7 | 4 | ||
8 | 4 | ||
9 | 3 | ||
10 | 3 |
Outbound | Net outflow | ||
---|---|---|---|
Metros | Feb '24 - Apr '24 | ||
1 | 4,225 | ||
2 | 2,668 | ||
3 | 2,173 | ||
4 | 1,951 | ||
5 | 1,712 | ||
6 | 1,709 | ||
7 | 1,674 | ||
8 | 1,303 | ||
9 | 1,220 | ||
10 | 1,165 |
Home offer insights for University Place
Recent offers
- Offer Not Accepted|11 Weeks Ago~$700K OfferSold for $700K4 bd | 2.25 ba | ~1,500 sqftOver List Price2%Days on Market5Competing Offers4Down Payment—
- Offer Not Accepted|7 Weeks Ago~$650K OfferSold for $650K2 bd | 2 ba | ~1,500 sqftOver List Price3%Days on Market7Competing Offers7Down Payment—
- Offer Not Accepted|8 Weeks Ago~$1.5M OfferSold for $1.5M4 bd | 3.5 ba | ~3,000 sqftUnder List Price5%Days on Market42Competing Offers0Down Payment—
- Offer Not Accepted|11 Weeks Ago~$550K OfferSold for $600K2 bd | 1.5 ba | ~1,750 sqftOver List Price3%Days on Market3Competing Offers3Down Payment<10%
View houses in University Place that sold recently
Recently sold homes
- $510,000 Last Sold Price3 beds2.5 baths1,744 sq ft5815 97th Avenue Ct W, University Place, WA 98467Sarah Lykes • Keller Williams South Sound Keller Williams Realty PSList Price$399,000Sale to List28% over listDays on Market8 days5815 97th Avenue Ct W, University Place, WA 98467
- $560,000 Last Sold Price3 beds1.5 baths1,152 sq ft3311 Bridgeport Way, University Place, WA 98466Erzzee Wofford • Samson Realty LLC Samson Realty LLCList Price$950,000Sale to List41% under listDays on Market41 days3311 Bridgeport Way, University Place, WA 98466
- $598,500 Last Sold Price2 beds2 baths1,767 sq ft7412 53rd Street Ct W, University Place, WA 98467Tom Rickey • RE/MAX Northwest Windermere Chambers BayList Price$598,500Sale to List0% over listDays on Market19 days7412 53rd Street Ct W, University Place, WA 98467
- $525,000 Last Sold Price3 beds2 baths1,240 sq ft5309 84th Ave W, University Place, WA 98467John Brink • Town & Country Brokers Inc John L. Scott, Inc.List Price$519,763Sale to List1% over listDays on Market46 days5309 84th Ave W, University Place, WA 98467
- $730,000 Last Sold Price3 beds2.5 baths2,107 sq ft5620 71st Avenue Ct W, University Place, WA 98467Katy Smith • RE/MAX Northwest RE/MAX NorthwestList Price$725,000Sale to List1% over listDays on Market29 days5620 71st Avenue Ct W, University Place, WA 98467
- $420,000 Last Sold Price2 beds1 bath852 sq ft2727 Sylvan Dr W, University Place, WA 98466Windermere Abode RedfinList Price$400,000Sale to List5% over listDays on Market29 days2727 Sylvan Dr W, University Place, WA 98466
- $819,000 Last Sold Price4 beds3.5 baths2,502 sq ft1719 S Sunset Dr, Tacoma, WA 98465Stephanie Patrick • RE/MAX Exclusive Homes & Equity Real Estate GrpList Price$789,000Sale to List4% over listDays on Market23 days1719 S Sunset Dr, Tacoma, WA 98465
- $520,000 Last Sold Price3 beds1.5 baths1,336 sq ft3537 Oas Dr W, University Place, WA 98466Mark Tennison • Better Properties Summit Windermere Professional PrtnrsList Price$519,750Sale to List0% over listDays on Market36 days3537 Oas Dr 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 Evergreen Primary School Public • PreK-4 | 553 Students | 9 reviews |
9/10 Drum Intermediate School Public • 5-7 | 584 Students | 9 reviews |
9/10 Narrows View Intermediate School Public • 5-7 | 680 Students | 6 reviews |
8/10 University Place Primary School Public • PreK-4 | 538 Students | 10 reviews |
7/10 Chambers Elementary School Public • K-4 | 510 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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