Market report, updated
University Place, WA Homes for Sale Under $550,000 Real Estate Market Report: Price Trends and Data Analysis
Condo, Highrise, Manufactured Home, Single Family Residential, Townhome search in the city of University Place having price less than $550,000
Report prepared by
Stevenhume.com
Market at a glance
Over the last 12 months, homes sold for 100.2% of list price in 40 days on average.
Average price, last 12 months
What sellers asked vs. what homes actually sold for, by closing month.
List · $417K
Sold · $430K
$510K$460K$410K$360K
NovDecJanFebMarAprMayJunJulAugSepOct
Homes sold per month
Closed sales, last 12 months.
Peak: 11 sales in Jul. Last month: 8.
Where the market stands
All homes in this report, by status.
109homes
Buyer's or seller's market?
Months it would take to sell every active home at the pace of the last 6 months.
2.5months of inventory
Seller's, under 4BalancedBuyer's, over 6
Homes are selling quickly, which favors sellers in this market.
Average price by status
Average days on market
Browse homes by status
Choose a status to see its numbers, charts and listings.
Active homes
Currently for sale
Homes for sale
19
Average list price
$362,354
Avg. days on market
68 days
Avg. price per ft²
$325
Based on 18 of 19 homes
Avg. living area
1,155 ft²
Based on 18 of 19 homes
Avg. beds / baths
2.3 / 1.8
Price vs. living area
Each dot is a home. Hover a dot for its address, click it to see the home.
1 home didn’t report living area and isn’t shown.
How long homes have been listed
Number of homes by days on market.
Bedroom mix
Number of homes by bedroom count.
Highest price per ft²
Top 7 homes in this status.
3122 Oas Drive W$440
7215 36th Street W$420
6925 52nd Avenue W$407
3145 Vista Place W$372
4615 Grandview Drive W Unit #B$357
7117 40th Street W Unit #5$352
8014 53rd Street W$346
All active listings
Click a column to sort
Every home in this list is on the map. Click a marker for the home.
| Address | Beds | Baths | Living ft² | List price | $ / ft² | Days on market |
|---|---|---|---|---|---|---|
| 2733 Sunset Dr W WUniversity Place, WA 98466 | 3 | 1 | 1,611 | $399,999 | $248 | 0 days |
| 7311 Chambers Creek Rd W Unit #2University Place, WA 98467 | 2 | 1 | — | $89,900 | — | 3 days |
| 4615 Grandview Drive W Unit #BUniversity Place, WA 98466 | 2 | 2 | 952 | $340,000 | $357 | 5 days |
| 1902 Bridgeport Way W Unit #104University Place, WA 98466 | 2 | 2 | 1,101 | $355,000 | $322 | 94 days |
| 7117 40th Street W Unit #5University Place, WA 98466 | 2 | 2 | 1,205 | $425,000 | $352 | 20 days |
| 3145 Vista Place WUniversity Place, WA 98466 | 3 | 2 | 1,368 | $509,000 | $372 | 25 days |
| 8801 27th Street W Unit #9BUniversity Place, WA 98466 | 3 | 2 | 1,500 | $469,950 | $313 | 28 days |
| 8315 Cirque Drive W Unit #1University Place, WA 98467 | 2 | 2 | 1,010 | $305,000 | $301 | 88 days |
| 8323 Cirque Drive W Unit #2University Place, WA 98467 | 2 | 2 | 933 | $307,000 | $329 | 42 days |
| 4501 Grandview Drive W Unit #T313University Place, WA 98466 | 2 | 2 | 851 | $217,000 | $254 | 44 days |
Under contract homes
Pending and contingent sales
Homes under contract
4
Average list price
$478,750
Avg. days on market
162 days
Avg. price per ft²
$312
Avg. living area
1,536 ft²
Avg. beds / baths
2.5 / 2.0
Price vs. living area
Each dot is a home. Hover a dot for its address, click it to see the home.
Days on market before going under contract
Number of homes by days on market.
Bedroom mix
Number of homes by bedroom count.
Highest price per ft²
Top 4 homes in this status.
4911 64th Avenue W$341
3831 68th Avenue W$312
3831 68th Avenue W$312
9209 Deers Tongue Cir W$283
All under contract listings
Click a column to sort
Every home in this list is on the map. Click a marker for the home.
| Address | Beds | Baths | Living ft² | List price | $ / ft² | Days on market |
|---|---|---|---|---|---|---|
| 3831 68th Avenue WUniversity Place, WA 98466 | 2 | 2 | 1,393 | $435,000 | $312 | 91 days |
| 3831 68th Avenue WUniversity Place, WA 98466 | 2 | 2 | 1,393 | $435,000 | $312 | 281 days |
| 4911 64th Avenue WUniversity Place, WA 98467 | 3 | 2 | 1,580 | $540,000 | $341 | 105 days |
| 9209 Deers Tongue Cir WUniversity Place, WA 98467 | 3 | 2 | 1,779 | $505,000 | $283 | 172 days |
Sold homes
Closed in the last 12 months
Homes sold
86
Average sold price
$433,193
Avg. days to sell
40 days
Sold vs. list price
100.2%
Avg. price per ft²
$347
Based on 82 of 86 homes
Avg. living area
1,375 ft²
Based on 82 of 86 homes
Price vs. living area
Each dot is a home. Hover a dot for its address, click it to see the home.
4 homes didn’t report living area and aren’t shown.
1 home is larger or pricier than this chart’s scale and isn’t shown.
How long homes took to sell
Number of homes by days on market.
Bedroom mix
Number of homes by bedroom count.
Highest price per ft²
Top 7 homes in this status.
4403 Paradise Avenue W$601
2716 Sylvan Drive W$562
3529 67th Avenue W$553
9216 Madrone Circle W$525
3142 Glendale Drive W$523
7530 Olympus Drive W$514
8410 29th Street W$509
Sold price vs. list price
How close homes sold to their asking price.
All sold listings
Click a column to sort
Every home in this list is on the map. Click a marker for the home.
| Address | Beds | Baths | Living ft² | Sold price | Sold / list | $ / ft² | Days to sell |
|---|---|---|---|---|---|---|---|
| 3537 Locust Avenue WUniversity Place, WA 98466 | 3 | 2 | 1,920 | $553,000 | 100.5% | $288 | 5 days |
| 4623 Grandview Dr W Unit #DUniversity Place, WA 98466 | 1 | 1 | 646 | $265,000 | 98.3% | $410 | 104 days |
| 6317 45th Street Ct WUniversity Place, WA 98466 | 4 | 2 | 2,143 | $580,000 | 105.5% | $270 | 0 days |
| 5115 46th Street Ct WUniversity Place, WA 98466 | 2 | 3 | 1,474 | $390,000 | 100.0% | $264 | 11 days |
| 3125 Oas Drive WUniversity Place, WA 98466 | 3 | 1 | 1,284 | $475,000 | 100.0% | $369 | 31 days |
| 3720 70th Avenue Ct WUniversity Place, WA 98466 | 6 | 3 | 2,496 | $475,000 | 118.8% | $190 | 4 days |
| 5204 65th Avenue WUniversity Place, WA 98467 | 2 | 2 | 1,056 | $410,000 | 102.5% | $388 | 33 days |
| 3145 Locust AvenueUniversity Place, WA 98466 | 3 | 1 | 1,300 | $502,000 | 100.4% | $386 | 3 days |
| 5527 Bridgeport Way W Unit #CUniversity Place, WA 98467 | 2 | 2 | 1,441 | $344,400 | 98.4% | $239 | 9 days |
| 4504 72nd Avenue Ct WUniversity Place, WA 98466 | 3 | 2 | 1,944 | $580,000 | 105.5% | $298 | 2 days |
Questions about this market?
These numbers move every month. For what they mean for your home, or for a home you have your eye on, get in touch.
Stevenhume.com
Next steps
Based on information submitted to the MLS GRID as of . All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.IDX information is provided exclusively for consumers’ personal noncommercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.