University Place Homes for Sale in Pierce County, Washington


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Homes for Sale in University Place

University Place Real Estate Listings in Washington

University Place, Washington is located off Puget Sound and is bordered by Tacoma, Fircrest, and Lakewood/Steilacoom to the South. It is a close-knit residential community of 30,000 residents that offers beautiful houses. Its "small town" atmosphere, friendly people, excellent public and private schools and outstanding scenery are among the many reasons to live and work in the community. The community has become a suburban residential area that is eager to retain its unique quality of life yet looks ahead to future challenges.

Conveniently located approximately 50 miles south of Seattle and 40 miles North of Olympia, University Place is readily accessible by Interstate 5 or Highway 16. Residents also enjoy its close proximity to the snow covered Olympic Mountain Ranges, Mt. Rainier and Puget Sound. Real estate options offer an affordable selection of single-family detached homes for sale, condominiums and townhomes. This community is the ideal place to live, work and play!

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University Place, WA Real Estate Market: Price Range of University Place Properties

The real estate market in University Place is mostly composed of single-family detached homes for sale with a few condominiums and townhomes. Spacious two-to-three bedrooms homes, with mountain views start in the high $300,000s. Larger houses, with multiple fireplaces, home security systems and RV/Boat parking, are priced starting in the mid-$400,000s up to $1.5 million. Several condominiums for sale are available, and prices start at about $200,000. Many of these units have access to community swimming pools, recreation centers and clubhouses.

University Place Real Estate Stats and Trends for the week of April 20th, 2020: homes priced around $588,708 compared to $588,708 the previous week, to remain steady with no change in listing price.  For Monday, April 20th, the current national mortgage rate for a 30 year fixed mortgage is 4.51%; the 15 year fixed rate is at 3.90%. For a loan larger than conventional conforming loans, or 'jumbo' loan, the 30 year rate is 4.41%, while the 15 year jumbo rate currently is at 4.12%.