University Place, WA Housing Market 2026: Median Home Price, Last 12 Months

University Place closes a lot of homes into a narrow band, which makes its median unusually informative: sales over the last 12 months land close together, so the citywide number is a real anchor rather than an average of extremes.

The snapshot

• •Closings tracked, last 12 months: 278
• •Median sold price, last 12 months: $700,000
• •Median sold $/sqft, last 12 months: $333
• •Middle half of sales closed between: $575,000 and $817,500

What the numbers say

Resideline tracked 278 closed sales in University Place over the last 12 months, with a median closing price of $700,000. That median is the midpoint of what buyers actually paid, not what sellers hoped to get, which is why it moves differently from the asking prices you see on listing sites. The middle half of those sales closed between $575,000 and $817,500. That spread matters more than the headline median: where a specific property sits inside it decides whether the citywide number helps you or misleads you. These are the closings Resideline tracks and may differ from complete county or municipal records. 86% of the University Place closings we track here are single-family houses, so these figures primarily reflect that segment, and the citywide $/sqft figure primarily reflects that segment as well. Across the 278 closings with usable living area, the middle half sold between $292 and $380 per square foot.

Figures last updated November 4, 2026 from closings Resideline tracked.

Median home price in University Place, WA (October 2026)

The median home price in University Place is $700,000, measured across the 278 closed sales Resideline tracked over the last 12 months. The middle half of those sales closed between $575,000 and $817,500.

Where University Place sale prices land

Medians hide the shape of a market. The distribution above covers the closed sales Resideline tracked in University Place over the last 12 months that carry a usable sale date, trimmed to the 5th through 95th percentile, with the middle half of sales closing between $575,000 and $817,500. Among the 74 Washington markets with a published band, University Place's middle-half spread ($575,000 to $817,500) ranks 19th from the narrowest. Where your target property sits inside that spread matters more than the citywide median.

How long a sale takes here

• •Listed to under contract: a median of 6 days, across 75 University Place closings Resideline tracked in the last 12 months
• •Contract to closing: a median of 27 days, across 107 University Place closings Resideline tracked in the last 12 months

Both are measured from the closings themselves, not from listing inventory. Each sale is timed using its own listing and contract dates. That is why these counts are smaller than the 278 closings above: a sale is counted here only when we hold both of its dates.

The University Place angle

University Place tracked 278 closings over the last 12 months, a median closed price of $700,000, and a middle half between $575,000 and $817,500. The band also sits close to evenly around $700,000, so the median is a genuine midpoint rather than a figure pulled toward one end. Set the subject against an ordinary local closing, then let the closest matches you can find carry the adjustment and say out loud what would change the answer.

From market read to offer price

A tight market makes the next step easier: the citywide anchor sits close to most homes, and a report only has to explain the gap. The decision still comes down to one property and one number: what it is actually worth and what you should pay. Every Resideline report opens with this same market snapshot for the subject's exact ZIP code, then gives you the property's value, the sold comps behind it, and a market rent estimate. Pricing a specific deal? The free ARV calculator, rehab cost estimator, BRRRR calculator and rental property calculator run the numbers in about a minute.

And we show our work. Every estimate is frozen while the home is for sale and graded against the real closing price after it sells. See the live accuracy dashboard for the receipts, or read how the Area Market Snapshot works.

Run any University Place address through Resideline and you will see the local market and the property's value together, in one report.

Cite this

Using these numbers? Please cite the source and the sample size:

Source: Resideline Market Watch
Market: University Place, WA
Geography: incorporated municipality, Census place 5373465
Data updated: October 2026
Analysis period: last 12 months
Tracked closings: 278
Median sold price: $700,000
Median sold $/sqft: $333 (278 qualifying)
Property mix: 86% houses
https://resideline.com/blog/university-place-wa-housing-market

Writing about this market? Paste this into your post:

<a href="https://resideline.com/blog/university-place-wa-housing-market">
  <img src="https://resideline.com/images/embed/university-place-wa.png" alt="University Place, WA home sale price distribution, last 12 months" width="1000" style="max-width:100%;height:auto">
</a>
<p>Source: <a href="https://resideline.com/blog/university-place-wa-housing-market">Resideline Market Watch</a></p>

The local market statistics in this report are calculated from closed sales tracked by Resideline. Transaction coverage may differ from complete county or municipal records.

Every local market figure on this page is computed from closed sales Resideline tracked in University Place over the last 12 months, and is refreshed when the data is. The closings we track within the University Place city limits are not limited to listing-service sales: they also include foreclosure deeds, estate and family transfers, and other off-market sales that portal medians exclude, which is why 19% of the 278 closings in this window never appeared on a listing service, and the median of MLS-listed sales alone was $699,475.