3 days on Rocket
#2408186, Sarah Koch-Schaapveld, Listing office: Real Broker LLC
University Place Housing Market Report June 2025•Pierce County, Washington
Housing Prices in University Place, WA
How much do homes in University Place, WA cost?
Housing Market Conditions
Is University Place, WA a buyer’s or seller’s market?
Seller'sMarket
Buyer'sMarket
University Place is a Seller's Market
Difference Since June 2024
Since last year, University Place has remained a Seller's Market.
Insight
University Place is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Median Sold Price
$655,000$334/SqFt
+$15,000
+2.3%
Based on all homes sold in the last 12 months
Insight
Homes in University Place have sold for 2.3% more than they did a year ago.
Summary: The median home sold price in University Place was $655,000 in June 2025, up 2.3% from last year, and the median price per square foot was $334.
Median Sold Price By Cities
| City | Jun 2024 | Jun 2025 | Change YoY |
|---|---|---|---|
| Lakewood | $490K | $514K | +4.9% |
| Tacoma | $469.6K | $491K | +4.6% |
| Fircrest | $612K | $629K | +2.8% |
| University Place | $640K | $655K | +2.3% |
| Steilacoom | $699.9K | $613.5K | -12.4% |
Median Sold Price By Bedrooms
| Beds | Jun 2024 | Jun 2025 | Change YoY |
|---|---|---|---|
| 11 Bedroom | - | $324.4K | N/A |
| 22 Bedrooms | $420K | $440K | +4.8% |
| 33 Bedrooms | $630K | $625K | -0.8% |
| 44 Bedrooms | $697.5K | $794K | +13.8% |
| 55+ Bedrooms | $883.2K | $810K | -8.3% |
Summary: University Place housing price by bedroom type for June 2025, compared to the previous year. The home price for 1 bedroom homes did not change. The home price for 2 bedroom homes increased by +4.8%. The home price for 3 bedroom homes decreased by -0.8%. The home price for 4 bedroom homes increased by +13.8%. The home price for 5 bedroom homes decreased by -8.3%.
How does University Place, WA compare with other places?
Market comparison tool
Data and numbers shown are subject to change and may vary based on different timeframes.
University Place, WA
Housing supply in University Place, WA
How many homes are available in University Place, WA?
Number of Homes For Sale
| Last Month | 2 months ago | Change MoM |
|---|---|---|
| 131Last MonthJun 2025 | ||
| 1172 months agoMay 2025 | +12.0 % Change MoMMay – Jun |
Summary: The University Place real estate market had 131 homes for sale in Jun 2025, a 12.0 % increase compared to May 2025.
Number of Homes Sold
| Last Month | 2 months ago | Change MoM |
|---|---|---|
| 31Last MonthJun 2025 | ||
| 262 months agoMay 2025 | +19.2 % Change MoMMay – Jun |
Homes For Sale By Bedroom Count
| Beds | May 2025 | Jun 2025 | Change MoM |
|---|---|---|---|
| 11 Bedroom | 1 | 1 | 0.0% |
| 22 Bedrooms | 37 | 37 | 0.0% |
| 33 Bedrooms | 31 | 37 | +19.4% |
| 44 Bedrooms | 33 | 39 | +18.2% |
| 55+ Bedrooms | 15 | 17 | +13.3% |
Summary: University Place housing inventory by bedroom type for June 2025, compared to the previous month. The inventory for 1 bedroom homes remained the same. The inventory for 2 bedroom homes remained the same. The inventory for 3 bedroom homes increased by +19.4%. The inventory for 4 bedroom homes increased by +18.2%. The inventory for 5 bedroom homes increased by +13.3%.
Asking Price vs. Sold Price
How much do homes in University Place, WA cost?
Over Asking Price12 Homes
At Asking Price7 Homes
Under Asking Price12 Homes
Insight
If you're buying a home in University Place, you may be able to get a good deal. 38.7% of homes here sold below asking price last month.
Summary: A total of 31 homes were sold or pending in University Place in June 2025, up by 19.2% month-over-month. Of the 31 sold homes, 39% were sold under asking, 23% were sold at asking, and and 39% were sold over asking.
Days on Market for University Place, WA
How long does it take to sell a home in University Place, WA?
Breakdown of Home Sale Times
Under 30 Days27 Homes
30 – 90 Days3 Homes
Over 90 Days1 Home
Insight
Many homes in University Place are selling fast, if you're buying plan to act quickly.
Summary: During June 2025, 31 homes were sold in University Place; 87% of homes were sold within 30 days, 10% of homes were sold within 30 to 90 days, and 3% of homes were sold over 90 days.
Average Sale Time
| This Year | 1 year ago | Change YoY |
|---|---|---|
| 17 DaysThis YearJun 2025 | ||
| 27 Days1 year agoJun 2024 | -36.4 % Change YoYJun 2024 – Jun 2025 |
Summary: Homes in University Place had an average listing age of 17 days in Jun 2025, down by 36.4% compared to the previous year.
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Newest Listings in University Place, WA
What homes are available in University Place, WA?
3 days on RocketTour
#2407306, Heidi Hurst, Listing office: Windermere Abode
3 days on Rocket
#2409100, TJ Tuttle, Listing office: Realty One Group Turn Key
3 days on Rocket
#2408369, Sarah Gelman, Listing office: Hawkins Poe
4 days on RocketTour
#2404284, Lindsay Ngai, Listing office: Berkshire Hathaway HS NW
4 days on Rocket
#2404482, Megan Prosser, Listing office: Windermere Prof Partners
5 days on Rocket
#2406805, Michael Morrison, Listing office: Morrison House Sothebys Intl
6 days on Rocket
#2405585, Edwin Wahiu, Listing office: Skyline Properties, Inc.
6 days on Rocket
#2407250, Brandon Phan, Listing office: Dove Realty, Inc.
#2405575, Eric Verrastro, Listing office: Skyline Properties, Inc.
#2404020, Erika Merdich, Listing office: Real Estate With Nik & Co
#2402883, Terri Hisdahl, Listing office: Cobblestone Realty NW LLC
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MLS Disclaimers and Copyright
Based on information from Northwest Multiple Listing Service, for the period 07/01/2023 - 07/01/2025
Listings courtesy of Northwest Multiple Listing Service as distributed by MLS GRID.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. Properties displayed may be listed or sold by various participants in the MLS.
DMCA Notice
The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of Northwest Multiple Listing Service IDX. Real estate listings held by other brokerage firms are marked with the green "three trees" logo and includes the name of the listing broker(s). Copyright © 2025 Northwest MLS. All rights reserved. DMCA Notice
Disclaimer: Information contained in this listing has not been verified by Rocket Homes Real Estate, LLC and should be verified by the buyer. All information deemed reliable but not guaranteed and should be independently verified through personal inspection by and/or with the appropriate professionals. All properties are subject to prior sale, change or withdrawal. Neither broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The information on this web site is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Days on site is calculated from the listing date of the current listing and includes the sum of market time from prior listings for the same property uninterrupted by a sale or more than 60 days off-market. Time off market, including time when a sale is pending, temporarily off market, etc. is not included. NorthwestMLS
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 7/21/2025, 11:32:29 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.