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University Place, WA 98466 Housing Market

Data snapshot: October 1, 2026. Closed-sale window: last 6 months.
University Place, WA inventory balance
Homes for sale vs homes under contract. Pending-to-active ratio: 0.06
ActiveActive listings: 3535PendingPending sales: 22
University Place, WA: what sellers ask vs what buyers pay
Median asking price of current listings vs median closed sale price over the last six months
AskingMedian asking price (current listings): $675k$675kSoldMedian sold price (last 6 months): $645k$645k
What homes actually sell for in University Place, WA
Distribution of 152 closed sale prices over the last six months (5th to 95th percentile). Middle half of sales: $530k to $773k
$335k to $431k: 18 sales$335k$431k to $526k: 13 sales$526k to $622k: 29 sales$526k$622k to $717k: 27 sales$717k to $813k: 33 sales33sales$717k$813k to $909k: 9 sales$909k to $1M: 6 sales$909k$1M to $1.1M: 2 salesMedian $645k

What the numbers say

As of October 1, 2026, Resideline is tracking 35 active listings and 2 pending sales in ZIP code 98466. That pending-to-active ratio of 0.06 points to a balanced market: buyers have room to compare options and negotiate.

The median asking price of current listings is $675,000, while the median of the 152 closed sales Resideline tracked over the last six months was $645,000. Those two figures describe different sets of homes, so any gap between them reflects the mix of what is listed now versus what recently sold, not a negotiating discount. Resideline has been seeing the median active listing in 98466 for 61 days.

Frequently asked questions

What is the median home price in 98466?

The median closed sale price in University Place, WA 98466 was $645,000 over the last six months, based on 152 closed sales tracked by Resideline. The middle half of those sales ranged from $529,950 to $773,000.

Is 98466 a buyer's or seller's market?

Resideline is currently tracking 2 pending sales against 35 active listings in 98466, a pending-to-active ratio of 0.06. Ratios of 0.6 or higher usually indicate a seller's market, 0.35 to 0.6 a competitive market, and lower values a more balanced one. By that yardstick, 98466 currently looks like a balanced market.

Nearby ZIP code market data

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