University Place's October First-Time Homebuyer Report

University Place is a small city in Washington with a median income of $59,379 per household. Besides being affluent, its population is older than others with a median age of 39 years. The University Place market is almost exclusively made up of detached houses, which currently account for 94% of the homes for sale in the area. Topping the list of best schools in the city is Cam Jr Sr High School.


If you are interested in some outdoor fun, Foursquare says that Chambers Bay Golf Course and Chambers Bay Beach Park are the most popular places in University Place. If you're looking for a good dining experience, some favorites are El Toro, Chambers Bay Grill, and Lefty's Burger Shack. You could also check out the popular Narrows Plaza Bowl for a drink.

Price Range

University Place has some of the more expensive homes in the state with a median home value of $245,500 and a current average list price of $380,189. The University Place market got positive news in this week's report, as the number of home sales rose 7.3%, pushing the total to 44 homes sold over the last 30 days.

Wonder which homes are generating the most buzz? Here are the most viewed listings in University Place:

$279K   $829K   $1.7M  

Typical Dwelling

A three-bedroom detached home valued around $333,875 is considered a typical dwelling in University Place. If a buyer was looking for a similar home, they would need good credit and a $66,775 cash down payment to get a mortgage with a 3.95% interest rate. The monthly payments would be $1,659 and the property tax rate is $13.07 per $1,000 of taxable assessed value.

Get started right now by checking out University Place homes for sale or reviewing University Place real estate trends.

Data reported through 10/13/2016


Ask a local expert about this area:
Best Choice Realty LLC
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Better Properties UP / Fircrest
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