In University Place, the average listing price is currently at $85,340 this year. However, this figure represents a noticeable 6.9 percent drop from the year prior, and declining prices could help new buyers enter the market more comfortably in the near future. But, buyers starting their searches should be aware of declining inventory in this neighborhood. The number of homes for sale decreased 16.7 percent year-over-year, with 18 homes for sale in last year and 15 homes for sale in this year. Relaxing with your whole family will be easy here as a lot of properties come with a family room. In this neighborhood, a handful of residential properties feature wood floors which give a beautiful look to the home and are easier to clean than carpet.