$1,650
- 2 bd
- 2 ba
- 851 sqft
4501 Grandview Dr W Unit 304
University Place, WA Housing Market
$640,994
0.5% 1-yrThe average University Place, WA home value is $640,994, down 0.5% over the past year, and homes go to pending in around 19 days. (Updated on )
What is the Zillow Home Values Index?
Zillow Home Value Index (ZHVI), built from the ground up by measuring monthly changes in property level Zestimates, captures both the level and home values across a wide variety of geographies and housing types.
University Place Key Takeaways
Typical Home Values: $640,994
1-Year Value Change: -0.5%
(Data through October 31, 2026)
University Place Housing Market Overview
1-Year Market Forecast: --
For Sale Inventory: 103 ()
New Listings: 32 ()
Median Sale to List Ratio: 1.000 ()
Median Sale Price: $647,492 ()
Median List Price: $678,167 ()
Percent of Sales Over List Price: 37.1% ()
Percent of Sales Under List Price: 34.9% ()
Median Days to Pending: 19 ()
(Metric availability is based on market coverage and data, housing data available for download in the Housing Data page)
How does this data help me?
Zillow's metrics provide valuable market data by tracking market changes in different locations and housing types.
Zillow's metrics provide valuable market data by tracking market changes in different locations and housing types.
Neighborhoods in University Place
- NameMedian ZHVI
- Oakbrook$574,648
- Custer$463,287
- Dower$502,965
- South Tacoma$400,990
- Park Lodge$464,684
- Oakwood$443,453
- Central$448,250
- Idlewild$597,524
- Lake Louise$527,758
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University Place Rental Market Trends
Average Rent: $1,888 ()
National Average Rent: $1,913 ()
Month-Over-Month Change: -0.8% ()
Year-Over-Year Change: 3.4% ()
How does this data help me?
The Zillow Observed Rent Index (ZORI) measures changes in asking rents over time, controlling for changes in the quality of the available rental inventory.
The Zillow Observed Rent Index (ZORI) measures changes in asking rents over time, controlling for changes in the quality of the available rental inventory.
Frequently Asked Questions
What are current home values in University Place, WA?
The median home value in University Place, WA is $640,994 as of October 2026. This represents a 0.0% increase compared to last month and a 0.5% decrease year-over-year.
How have home values changed in University Place, WA?
Home values in University Place, WA have increased by 0.0% month-over-month and 0.5% year-over-year.
How do home values in University Place, WA compare to Pierce County, Washington, and the national average?
The median home value in University Place, WA ($640,994) compares to: Pierce County ($552,744), Washington ($580,939), and the U.S. national median ($364,288).
