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 $350, up 19.5% since last year.
What is the housing market like in University Place today?
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.
All Home Types
Median Sale PriceAll Home Types
Median Sale Price
(All Home Types)
$651,000
+18.4% YoY | Apr 2024
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
Apr 2024
Growth
% YoY
University Place, WA
$651,000
+18.4%
United States
To compare other locations to the University Place and U.S. housing market, enter a city, neighborhood, state, or zip code into the search bar. Learn which home features in University Place add value to a home.
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?
University Place is very competitive. Homes sell in 6 days.
0
100
84
Very Competitive
Redfin Compete Score™
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 homes
can sell for about 2% above list price and go pending in around 3 days.
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
Apr 2024
Growth
% YoY
University Place, WA
98.6%
-1.3 pt
United States
University Place Migration & Relocation Trends
In Feb '24 - Apr '24, 20% of University Place homebuyers searched to move out of University Place, while 80% looked to stay within the metropolitan area.
Where are people moving to University Place from?
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.
Where are people from University Place moving to?
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.
This data does not reflect actual moves. The latest migration analysis is based on a sample of about two
million Redfin.com users who searched for homes across more than 100 metro areas. To be included in this dataset, a Redfin.com user
must have viewed at least 10 homes in a three month period. This dataset excludes all rentals data.
Home offer insights for University Place
Explore recent offers and recently sold homes in University Place
Recent offers
Offer Not Accepted|
10 Weeks Ago
~$650K Offer
Sold for $650K
2bd | 2ba | ~1,500sqft
Over List Price
3%
Days on Market
7
Competing Offers
7
Down Payment
—
Christine Hudson
University Place Redfin Agent
Offer Not Accepted|
11 Weeks Ago
~$1.5M Offer
Sold for $1.5M
4bd | 3.5ba | ~3,000sqft
Under List Price
5%
Days on Market
42
Competing Offers
0
Down Payment
—
Christine Hudson
University Place Redfin Agent
View houses in University Place that sold recently
Recently sold homes
SOLD MAY 22, 2024
$585,000 Last Sold Price
3 beds
2 baths
1,583 sq ft
5610 61st Ave W, University Place, WA 98467
Wayne Mondou • Skyline Properties, Inc. Champions Real Estate
School data provided by GreatSchools. School service boundaries are intended to be used as reference only. To verify enrollment eligibility for a property, contact the school directly.
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.
Risk Factor
Flood Factor - Moderate
9% of properties are at risk of severe flooding over the next 30 years
Flood Factor
University Place has a moderate risk of flooding. 617 properties in University Place are likely to be
severely affected
by flooding over the next 30 years. This represents 9% of all properties in University Place. Flood risk is increasing slower than the national average.
24% of properties are at risk of wildfire over the next 30 years
Fire Factor
University Place has a moderate risk of wildfire. There are 2,570 properties in University Place that have some risk of being affected by wildfire over the next 30 years. This represents 24% of all properties in University Place.
University Place has minimal risk of severe winds over the next 30 years
Wind Factor
University Place has a Minimal Wind Factor®, which means there is a very low likelihood that hurricane, tornado or severe storm winds will impact this area.
99% of properties are at moderate
risk of heat over the next 30 years
Heat Factor
University Place has a moderate risk from heat. This is due to
"feels like" temperatures
increasing, and because 99% of homes in University Place have a Moderate Heat Factor®.
University Place is expected to see a 114% increase in the number of days over 86ºF over the next 30 years. University Place is expected to experience 8