University Place Homes under $500,000

University Place Homes under $500,000

Welcome to University Place, Washington—a vibrant community that perfectly blends suburban charm with urban convenience. Nestled in Pierce County, this picturesque neighborhood is renowned for its stunning views of the Puget Sound and the majestic Olympic Mountains, making it a haven for nature lovers and outdoor enthusiasts alike.

University Place offers a diverse array of amenities, from beautifully maintained parks and scenic walking trails to excellent shopping and dining options. The local schools are highly rated, making it an ideal place for families looking to settle down. The community is also home to the renowned Chambers Bay Golf Course, which hosted the 2015 U.S. Open, providing both residents and visitors with a world-class golfing experience.

For those seeking affordable housing options, University Place has a variety of homes priced under $500,000. Whether you're a first-time homebuyer or looking to downsize, you'll find charming single-family homes, cozy townhouses, and modern condos that cater to various lifestyles. Many properties feature spacious yards, updated interiors, and easy access to local amenities, ensuring that you can enjoy the best of what this wonderful community has to offer without breaking the bank.

With its friendly atmosphere, excellent schools, and beautiful surroundings, University Place is more than just a place to live—it's a place to thrive. Discover your dream home in this enchanting neighborhood today and experience the warmth and vibrancy of University Place!

Newest University Place Homes under $500,000

7117 40th Street W Unit #5, University Place
$425,000
2 Beds ⋅ 2 Baths ⋅ 2596383 MLS ⋅ ACTIVE Status
Location, location, location! Tucked away in secluded Hiddenwood West, just one block from University Place City Center, this private end-unit condo offers low-maintenance, one-level living with room for your ideas! An inviting open layout connects the spacious living room, dining area, and kitchen, while access to two decks makes outdoor dining, morning coffee, and relaxing a breeze. Fresh interior paint and new carpet create a welcoming canvas,move in and make it your own! The primary bedroom features a separate vanity area, walk-in closet, and access to a continental bath. A second bedroom off the entry offers flexibility for guests, a den, or an office. A laundry room, additional ¾ bath, and attached two-car garage add everyday convenience. Need space for hobbies or projects? The unfinished basement includes plumbing and a sink, offering storage, workshop space, and potential for future finished living space, buyer to verify. A newer furnace and heat pump provide year-round comfort. Community amenities include a clubhouse, RV parking, sport court, and additional nearby parking. Close to Chambers Bay! Appraised at $473,000 in April 2026, discover the possibilities!

7117 40th Street W Unit #5, University Place

Listing Broker: Best Choice Realty LLC; Candice Frazier; 253-222-9923; candice@bestchoicerealtywa.com

8801 27th Street W Unit #9B, University Place
$469,950
3 Beds ⋅ 2 Baths ⋅ 2593078 MLS ⋅ ACTIVE Status
Just what you've been waiting for! Rambler style condo in desirable University Place. Sought-after Williams Condominiums. This rare one level home offers 3 bedrooms and 2 full bathrooms. Spacious primary bedroom with it's own full bath and walk-in closet. Great room concept floorplan with vaulted ceilings and fireplace. Utility room and two car garage. This condo has excellent outdoor space with it's own fenced private yard and patio area. Ideal for entertaining or pets. This complex has no pet restrictions. This complex also has a club house and gated entry. Must see!

8801 27th Street W Unit #9B, University Place

Listing Broker: Keller Williams Realty PS; Stuart Steadman; 206-409-4220; stuartsteadman@kw.com

8315 Cirque Drive W Unit #1, University Place
$305,000
2 Beds ⋅ 2 Baths ⋅ 2592878 MLS ⋅ ACTIVE Status
Enjoy this 2bd 1 1/2bth 2 story condo in the gated community of Somerset in University Place. Close to shopping, parks, schools and freeway. Small community of 30 condos, car wash station, RV/Camper storage space, hiking trails, and swimming pool. The unit has a beautiful masonry fireplace downstairs in the living room, central vacuum system, half bath on the main level and the 2 bedrooms are upstairs with the full bathroom. 2 private parking spots right in front of the unit.

8315 Cirque Drive W Unit #1, University Place

Listing Broker: Dove Realty, Inc.; Walter Scamehorn; 253-370-5454; doverealtywa@gmail.com

8323 Cirque Drive W Unit #2, University Place
$307,000
2 Beds ⋅ 2 Baths ⋅ 2587380 MLS ⋅ ACTIVE Status
Welcome to Somerset Place! This well-maintained ground-floor condo offers easy, single-level living with no stairs inside the unit. The 933 sq ft floor plan features 2 bedrooms and 1.5 baths, with laminate flooring throughout and a beautiful floor-to-ceiling brick fireplace that creates a warm focal point in the living room. The kitchen offers plenty of cabinet space, and all appliances stay. The primary bedroom features a walk-in closet and private half bath. Full-size washer and dryer are conveniently located in the unit. Step outside to enjoy your patio space, or take advantage of the community amenities including an in-ground swimming pool, car wash station and RV/camper storage. Gated community in a convenient University Place location, close to Chambers Bay and all the shopping, dining and recreation the area has to offer.

8323 Cirque Drive W Unit #2, University Place

Listing Broker: Coldwell Banker Danforth; Jay Grauman; 253-380-3939; jaygrauman@outlook.com

4501 Grandview Drive W Unit #T313, University Place
$217,000
2 Beds ⋅ 2 Baths ⋅ 2587770 MLS ⋅ ACTIVE Status
Rare Opportunity. Best price in University Place. Partial views of the sound from your deck. Welcome to Regency Park condo in University Place. Walking distance to schools, parks, trails, the world-renowned Chambers Bay Golf course. Not far from Whole foods, Trader Joes and locally owned Harbor Greens Market. New interior paint, new vinyl plank flooring. Unit is located on the 3rd floor partial views of Puget Sound from your deck & beautiful skies in the fall, winter, spring & summer. 2 bedrooms, 1 1/2 bath. Additional exterior storage and a reserved parking space just steps away from front entrance. Washer and dryer conveniently in unit.

4501 Grandview Drive W Unit #T313, University Place

Listing Broker: Berkshire Hathaway HS SSP; Kathy Goertz; 253-241-0910; kathyandjim@bhhssouthsound.com

8014 53rd Street W, University Place
$450,000
2 Beds ⋅ 2 Baths ⋅ 2578468 MLS ⋅ ACTIVE Status
Pristine one-level, 2 bed 2 bath condo tucked away in the West Park condo community. Open living/dining room/kitchen space which makes it feel so spacious. Skylights & large bay windows flood the home with natural light and frame the gorgeous green spaces outside. The door off of the dining area leads to a private patio, perfect for entertaining. Well-appointed primary bedroom features a walk-in closet & 3/4 en suite bathroom. The second bedroom is ideal for a guest room or office/den & there is a separate full guest bath for the common area adjacent to the bedroom. Comfortable living air conditioning! Impeccably maintained community w/clubhouse, RV parking. Excellent location close to Whole Foods, Green Firs Shopping Center w/ Trader Joes & Safeway and Chambers Bay is nearby.

8014 53rd Street W, University Place

Listing Broker: Windermere Prof Partners; Brent Tornquist; 253-988-3756; brentt@windermere.com

4501 Grandview Drive W Unit #T221, University Place
$214,995
2 Beds ⋅ 2 Baths ⋅ 2573802 MLS ⋅ ACTIVE Status
Welcome home to this 2BD/2BA beautifully maintained condominium in Regency Park right in the heart of University Place! Step into an updated kitchen with quartz counters, new interior paint, new water heater, and new flooring throughout the home. This condominium features a primary suite with a private bath. Regency Park offers exceptional amenities including a clubhouse, two private pools, security systems, elevators and private carport spaces. Close to all University Place has to offer as well as the University Place school district!

4501 Grandview Drive W Unit #T221, University Place

Listing Broker: Better Properties UP/Fircrest; Evann Grealish; 253-225-9327; evanngrealish@gmail.com

6925 52nd Avenue W, University Place
$375,000
2 Beds ⋅ 1 Baths ⋅ 2572005 MLS ⋅ ACTIVE Status
6925 52nd Ave W is a single-story University Place cottage set on a large lot with mature trees and a detached outbuilding. The kitchen offers white cabinetry, full appliances, and wood-look flooring, connecting to a living and dining area with abundant natural light. Several bedrooms feature carpet or wood-look floors, and the full bathrooms include pedestal sinks with a tub-and-shower blend, one finished with marble-look surrounds. Wood-paneled interior rooms and an enclosed sunroom add flexible living space, while a separate barn-style structure provides storage or workshop potential. The expansive yard surrounds the home with open lawn and room to spread out. Character-filled interiors and a functional layout complete this well-maintained residence with usable features throughout every room.

6925 52nd Avenue W, University Place

Listing Broker: Opendoor Brokerage, LLC; Sharon Parmenter; 206-202-8947; Sharon.Parmenter@opendoor.com

8305 Cirque Drive W Unit #4, University Place
$284,950
2 Beds ⋅ 2 Baths ⋅ 2569286 MLS ⋅ ACTIVE Status
MAJOR UPDATE: Seller will pay 12months of HOA for the buyer; 1 whole year of no HOA fees!! Welcome to Somerset Place; a quiet, gated community at the edge of a green belt & close to Chambers Bay. The HOA budget has been given a full overhaul to ensure NO surprise special assessments & that repairs are already covered! This two-story unit sits at ground level, with no neighbors above or below. Sturdy LVP floors, large updated windows providing plenty of natural light, all new interior paint, & a wood fireplace create a fresh yet cozy atmosphere. Each level is equipped with excellent storage: built-in shelving in the living room, multiple hall closets, and bedroom closets with storage systems. In-unit laundry, an updated powder room on the main floor, & breakfast nook make daily living easy. Upstairs, both bedrooms are spacious, with the primary suite connecting to the fully remodeled continental bathroom & a private deck facing the forest. The unit includes 2 parking spaces along with plenty of parking for visitors, a separate exterior storage unit, & RV/boat storage available on-site. Enjoy more of the beautiful surroundings by taking the trail through the greenbelt, starting your very own garden in the backyard of the unit, or cool off in the newly renovated pool. Also, good news, there’s no special assessment! Only minutes away from Trader Joe’s, Whole Foods, & all University Place has to offer, this condo is perfect for someone looking for an effortless, verdant life.

8305 Cirque Drive W Unit #4, University Place

Listing Broker: Best Choice Realty LLC; Hannah Gilmore; 253-548-7941; home@hclarkegilmore.com

3831 68th Avenue W, University Place
$435,000
2 Beds ⋅ 2 Baths ⋅ 2567551 MLS ⋅ ACTIVE Status
Prime single-level corner lot home, located in the desired community of The Ranch in University Place. The souther facing walls of windows in the living, dining and kitchen receive all-day sun and overlook your private fully fenced side yard and patio. When entering the home, you'll love the feeling of openness provided by the tall ceilings and clear line of site through the dining and living room! Gas fireplace centers the common space and outside greenery provides the perfect picturesque backdrop. The kitchen is well sized with bar seating and openness that allows you and your guests to never be too far from the conversation. Private laundry room is perfectly tucked away between the kitchen and attached 2-car garage. Primary Suite is luxurious in size and has a walk-in closet big enough for clothes and dressers. Privacy, quality and easy living are provided right here. Come experience life at The Ranch.

3831 68th Avenue W, University Place

Listing Broker: Windermere Abode; Jenny Wetzel; 253-381-9788; Jenny@JennyWetzelHomes.com

3831 68th Avenue W, University Place
$435,000
2 Beds ⋅ 2 Baths ⋅ 2562554 MLS ⋅ ACTIVE Status
Prime single-level corner lot home, located in the desired community of The Ranch in University Place. The souther facing walls of windows in the living, dining and kitchen receive all-day sun and overlook your private fully fenced side yard and patio. When entering the home, you'll love the feeling of openness provided by the tall ceilings and clear line of site through the dining and living room! Gas fireplace centers the common space and outside greenery provides the perfect picturesque backdrop. The kitchen is well sized with bar seating and openness that allows you and your guests to never be too far from the conversation. Private laundry room is perfectly tucked away between the kitchen and attached 2-car garage. Primary Suite is luxurious in size and has a walk-in closet big enough for clothes and dressers. Privacy, quality and easy living are provided right here. Come experience life at The Ranch.

3831 68th Avenue W, University Place

Listing Broker: Windermere Abode; Jenny Wetzel; 253-381-9788; Jenny@JennyWetzelHomes.com

1902 Bridgeport Way W Unit #104, University Place
$375,000
2 Beds ⋅ 2 Baths ⋅ 2566578 MLS ⋅ ACTIVE Status
Enjoy stunning views from this well-maintained, ground-level condo offering the convenience of zero-step entry. The expansive newly remodeled balcony spans the entire width of the home, creating the perfect place to take in breathtaking sunsets. With views & direct deck access from both the spacious living room and the primary suite, this desirable floor plan is a feature not found in every unit. Inside, you'll find two bedrooms, two bathrooms, a generous living room with a cozy fireplace, and a functional kitchen with an adjoining dining area for everyday meals or entertaining. Newer interior paint and carpet make this home move-in ready. Located within the gated Soundview Condominiums, this unit also includes two dedicated parking spaces conveniently located right out front, plus a private storage unit in the secure garage. Just minutes from shopping, dining, freeways, Titlow Beach, Chambers Bay, and within the University Place School District.

1902 Bridgeport Way W Unit #104, University Place

Listing Broker: Windermere Prof Partners; Curtis Gibson; ; curtisgibson@windermere.com

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