The story of this market
The typical home in University Place, Washington sells for about $662,500, or $325 per square foot.
Prices are down 1.5% from a year ago, which gives buyers more room to negotiate. Homes take about 10 days to sell, which is fast. HUD's fair market rent for a two-bedroom is $2,250 a month.
Monthly price momentum
Home values since 2015
-0.2%
WA · past 12 months
Freddie Mac House Price Index, single-family homes, monthly through 2026-08. Each line starts at 100 in January 2015, so a reading of 180 means prices are up 80% since then.
University Place, Washington
The University Place housing market shows resilience with a median sale price of $662,500 and a tight inventory of 74 active listings. While year-over-year prices have seen a slight correction, the low days on market and high sale-to-list ratio indicate sustained buyer demand. The market remains stable, supported by the city's strong school district and desirable suburban location.
No ARED county foreclosure postings attributed to University Place yet — the verified ledger covers every county the foreclosure ingest has read, attributed by published city area. Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.
Median prices moved down 1.5% year over year.
Homes spend a median of 10 days on market with 0.7 months of supply — a fast-moving market.
21% of listings have cut prices · homes sell at 100.2% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 4.5% · poverty 8.2% — a stable, low-distress profile.
The amenity base that shapes daily life and property demand in this city — what residents actually live with, and what the pipeline is adding.
A world-class public golf course that hosted the 2015 U.S. Open. It serves as a major regional anchor and provides extensive walking trails and scenic views of the Puget Sound.
A large community park featuring sports fields, playgrounds, and open spaces. It is a central hub for local youth sports and community gatherings.
University Place is ideal for family buyers and professionals seeking a suburban lifestyle with high-quality schools and proximity to major employment centers. It also attracts downsizers looking for stable, well-maintained residential communities.
The city is served by the University Place School District, which is highly regarded for its academic performance and consistent state-level accountability ratings. The district is a primary driver of local property demand and family-oriented residency.
The city is served by major highway corridors providing access to Tacoma and I-5. Public transit options are primarily provided by Pierce Transit, connecting residents to regional hubs.
The city features extensive recreational amenities, including the Chambers Bay Golf Course, which hosts major tournaments and provides significant public green space. Residents also benefit from numerous community parks and waterfront access along the Puget Sound.
The rental market is characterized by steady demand from commuters and families, with limited vacancy pressure due to the city's desirable suburban location. Short-term rental activity is regulated to maintain neighborhood character.
The economy is largely service-oriented, supported by the city's role as a residential suburb for the broader Tacoma-Seattle employment corridor. Major industries include education, healthcare, and public administration.
Economic momentum is driven by its proximity to the Tacoma and Seattle employment hubs, with local development focused on residential infill and commercial revitalization. Infrastructure investments are primarily managed through regional transit and municipal utility upgrades.
Development is focused on high-density residential and commercial infill within the designated Town Center area. The city prioritizes sustainable growth and the preservation of existing residential neighborhoods.
Parcels are subject to levies from the University Place School District, Pierce County, and various special districts including fire, library, and emergency medical services.
University Place generally maintains a lower crime profile compared to the broader Tacoma metropolitan area. Local safety initiatives and community-oriented policing are central to the city's public safety strategy.
The city faces standard Pacific Northwest climate risks, including potential for windstorms and localized flooding in low-lying areas. Insurance markets remain stable, though residents are encouraged to maintain standard hazard coverage.
Property insurance markets are stable, with premiums reflecting standard regional risks such as wind and water damage. Residents generally maintain comprehensive coverage as part of mortgage requirements.
Property taxes are levied based on an average rate of $9.78 per $1,000 of assessed value, with the city's portion specifically dedicated to police and public safety services. The tax burden is distributed across state, county, school, and special district levies.
Researched annual trajectory for this city, from published historical series
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 8.2%/yr trend — a deterministic estimate, not a published forecast or guarantee.
Median annual property tax paid on this city's residential parcels
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 5.4%/yr trend — a deterministic estimate, not a published forecast or guarantee.
Data retrieved from Census Reporter and ACS 2024 profiles.
Public schools whose reported address is in this area (NCES). Not attendance boundaries — schools that serve residents may sit outside it. Check the district's address locator for assignment.
County linkage populates as this city's member ZIP reports roster beneath it.
No ZIP intel reports rostered under this city yet — property dossiers roll up through the ZIP tier, so the chain populates as the county refreshes discover them.