Housing in University Place, WA

Home values, rent, ownership rates, and housing market data

Housing Market Snapshot

Source: Redfin — January 2026

Median Sale Price

$615,000

Median List Price

$603,000

Price Per Sq Ft

$364

Days on Market

29

Active Inventory

41

Months of Supply

4.6

Balanced market

Zillow Home Value

$639,821

ZHVI — January 2026

Zillow Rent Index

$1,947

ZORI — January 2026

Price Trends

Source: Redfin
Sale Price ↓ 2.8%List Price ↓ 0.2%Mar 24 → Jan 26

Market Competitiveness

Source: Redfin

Sold Above List

55.6%

Off Market in 2 Weeks

38.1%

Sale-to-List Ratio

99.6%

Buyer's market

Sold Above Asking
55.6%
Under Contract in 2 Wks
38.1%
Listings with Price Drops
34.1%

Market Activity

Source: Redfin

Homes Sold

9

New Listings

18

Pending Sales

21

Homes Sold ↓ 62.5%New Listings ↓ 50.0%Pending ↓ 41.7%Mar 24 → Jan 26

Price Per Square Foot

Source: Redfin

Median Sale $/SF

$364

Median List $/SF

$351

Sale $/SF ↑ 12.3%List $/SF ↓ 3.6%Mar 24 → Jan 26

University Place vs Similar Cities

Source: Census ACS / Redfin (2023)

Compared to cities with 25,000 - 50,000 residents. University Place is highlighted.

Median Home Value

Median Rent

Median Price Per Sq Ft

Rent Burden

Census Housing Data

Source: U.S. Census Bureau ACS (2023)

Median Home Value

$578,100

Median Rent

$1,664

Total Housing Units

14,409

Vacancy Rate

4.2%

Owner Occupied

58.9%

Renter Occupied

41.1%

Median Property Tax

$6,011

per year

Monthly Cost (w/ Mortgage)

$2,058

Housing Types

Single Family
61.6%
Multi-Family
37.3%
Mobile Home
1.1%

The current median sale price in University Place, WA is $615,000 according to Redfin data. Homes spend a median of 29 days on the market. 55.6% of homes sold above asking price. The market has 4.6 months of supply. The median price per square foot is $364. Zillow's observed rent index is $1,947/month. About 58.9% of housing units are owner-occupied. The median year homes were built is 1980. There are 14,409 total housing units.