Vacant land in University Place sold for a median of $1,037,631 per acre across 15 sales since October 1, 2023. Homes sold for a median of $653,500 across 1,005 sales. 4 new homes were permitted on its unincorporated lots since October 1, 2021. The city issues its own permits, which are not in our data yet.
Sales are warranty-deed sales of a single parcel over $1,000, from the Pierce County Assessor. Vacant land means lots the assessor values with no buildings.
A median per acre favours small lots, which sell for more per acre; compare lots of a similar size.
Questions
What does land cost in University Place?
The median vacant-land sale since October 1, 2023 was $1,037,631 per acre, across 15 sales.
What do homes sell for in University Place?
The median home sale since October 1, 2023 was $653,500, across 1,005 sales.
From the Pierce County Assessor-Treasurer, the county's zoning, sewer, hazard and growth-area maps, and the Tacoma-Pierce County Health Department. Records as of October 2, 2026.