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Foreclosures in University Place, WA

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Living in University Place, WA

University Place, WA, is a thriving community known for its excellent educational institutions and abundant parks. The area offers diverse amenities and recreational activities, making it suitable for families and professionals. With easy access to major highways and public transport, it's ideal for commuting to Tacoma or Seattle.

Current Market Conditions in University Place, WA

The real estate market in University Place has shown steady growth in recent years, attributed to its desirable location and community features. Homes in this area are sought after, leading to competitive pricing and a favorable environment for investors looking for long-term value.

Currently, the market shows a mix of single-family homes and townhouses, with a growing interest among both first-time buyers and real estate investors. As the demand for housing continues to rise, University Place remains a key market for those looking to invest in Washington's thriving real estate landscape.

Home Value Estimator For University Place, WA

There are currently 7,273 real estate properties in University Place, WA, with a median automated valuation model (AVM) price of $669,022.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in University Place, WA, based on current market trends, comparable real estate sales nearby, historical data and, of course, property features, among other variables. These automated home estimates are often very helpful, providing buyers and sellers with a better idea of a home’s value ahead of the negotiation process. For example, the average home price in University Place, WA, is $721,245.00, with the most expensive house in University Place, WA, topping out at $11,379,952.00 and the cheapest home in University Place, WA, clocking in at $14,025.00. In other words, there’s something for every potential homebuyer or savvy investor in University Place, WA!

Rent Prices In University Place, WA

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in University Place, WA, is on a rollercoaster ride. The average rent price in University Place, WA, is $1,845.00. Indeed, when looking to rent in University Place, WA, you can expect to pay as little as $860.00 or as much as $4,440.00, with the average rent median estimated to be $1,820.00. The good news is that finding an affordable and desirable property to rent in University Place, WA -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.

University Place, WA Foreclosures


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