In University Place, price adjustments are worth a second look when the home fits your plans. The October 21 seven-day snapshot recorded 12 price reductions, six Active events and seven pending events. That gives buyers a reason to revisit their shortlist, while sellers still need to make a clear case for their asking price.
For buyers: Compare a reduced-price home with similar choices, including its condition, location and full monthly payment. A reduction creates a fresh decision point; it does not automatically make a home a bargain.
For sellers: Buyers are moving forward on some homes. Use nearby comparable sales, your showing feedback and competing listings to guide pricing and preparation. One week of events does not establish a lasting market trend.
This Week's Listing Activity
NWMLS Matrix 7 Day view, captured October 21, 2026 at 11:56 a.m. Pacific. This first University Place report establishes a saved baseline.
The snapshot also includes two First Look events, two back-on-market events, four sold events and two cancellations. Event categories can overlap; these are not separate counts of unique homes.
September Prices In Context
Average sold price was $750,035 in September 2026, up 3.7% from August's $723,339 and down 1.8% from September 2025's $763,940. This monthly series covers the broader Residential category, rather than the detached-home filters used for the weekly snapshot.
The average describes the homes that closed that month. Changes in the mix of properties sold can move it, so these figures do not mean every home gained or lost the same amount. Recent sales with similar features are a better starting point for your own home.
Mortgage Rates And Home Sale Prices
The national 30-year fixed mortgage rate averaged 6.86% in September, compared with 6.67% in August and 6.35% a year earlier. Those differences are 0.19 and 0.51 percentage points. Keep the payment budget in view as you compare homes.
The panels cover the same complete months. Their movement does not establish cause: mortgage rates affect borrowing costs, while local sale mix and closing timing also influence average sold prices.
Open full-size monthly chart · Open larger-label mobile chart
Current Mortgage Rate Environment
Mortgage News Daily’s October 21 national daily index ended at 7.40% for a 30-year fixed mortgage, unchanged from the previous reading, after an earlier dip. This daily snapshot is separate from the monthly FRED averages above. Compare the full payment and loan terms with your lender; these indexes are not personalized loan quotes.
Open full-size current-rate graph · Live mortgage-rate dashboard · MND daily index
Loan product | Rate | Change (pp) |
|---|---|---|
30-year fixed | 7.40% | 0.00 |
15-year fixed | 7.04% | -0.01 |
30-year jumbo | 7.65% | 0.00 |
7/6 SOFR ARM | 6.82% | +0.02 |
30-year FHA | 7.05% | +0.03 |
30-year VA | 7.06% | +0.02 |
Source: Mortgage News Daily, October 21, 2026 daily index; checked at 2:35 p.m. PDT (21:35 UTC). Changes are percentage points from the previous reading. National rate indexes differ from APRs, lender offers and the monthly FRED series. Read the day’s rate commentary.
Click Below to View Listings
View Six Seven-Day Active Event Listings
*These OneHome links contain verified saved selections from the University Place queries: six Active listings and two First Look listings. They are not rolling searches. Availability and status can change after capture; dated event counts do not promise current availability.
Detailed Data And Comparisons
Weekly listing events
Event | Oct 21 | Prior / change |
|---|---|---|
First Look | 2 | N/A |
Active | 6 | N/A |
Back On Market | 2 | N/A |
Price Reduced | 12 | N/A |
Price Increased | 0 | N/A |
Contingent | 0 | N/A |
Expired | 0 | N/A |
Pending | 7 | N/A |
Sold | 4 | N/A |
Canceled | 2 | N/A |
No earlier University Place report was available in the city archive or CMS search. Prior counts, absolute changes and percentage changes are unavailable, not zero. The displayed cutoff is a date boundary; an exact 168-hour window has not been verified. Events may overlap and cannot be summed as unique inventory.
Average sold price: broader Residential
Month | Average sold price |
|---|---|
September 2025 | $763,940 |
October 2025 | $801,887 |
November 2025 | $650,331 |
December 2025 | $663,674 |
January 2026 | $718,000 |
February 2026 | $651,517 |
March 2026 | $785,946 |
April 2026 | $823,698 |
May 2026 | $796,894 |
June 2026 | $796,274 |
July 2026 | $649,223 |
August 2026 | $723,339 |
September 2026 | $750,035 |
National 30-year fixed monthly rate
Month | Monthly mean |
|---|---|
September 2025 | 6.35% |
October 2025 | 6.25% |
November 2025 | 6.24% |
December 2025 | 6.19% |
January 2026 | 6.10% |
February 2026 | 6.05% |
March 2026 | 6.18% |
April 2026 | 6.33% |
May 2026 | 6.44% |
June 2026 | 6.49% |
July 2026 | 6.54% |
August 2026 | 6.67% |
September 2026 | 6.86% |
Frequently Asked Questions
Do the price reductions mean values are falling?
They show that some asking prices changed. This event snapshot does not measure the change in the value of every home, and there is no verified prior weekly comparison for this first report.
Does the average sold price tell me what my home is worth?
It describes the homes that sold in that month. A useful estimate starts with comparable sales and your home's location, features and condition.
Sources And Scope
Weekly: NWMLS Matrix Market Watch, Single Family/Residential, University Place MLS city, Pierce County, Washington; detached-home property filters, Attached/Zero Lot Line and Incomplete excluded; no other area, price, year or brokerage restriction. Captured October 21, 2026 at 11:56 a.m. PDT (18:56 UTC, UTC-07:00), 7 Day view, displayed boundary 10/14/2026+. Exact boundary clock is unavailable. Listing-set identities verified separately during October 21 drafting.
Prior report: University Place city archive reported no published updates on October 21, 2026. No prior counts or changes have been invented.
Monthly: NWMLS InfoSparks, University Place (City), Residential, Monthly Average Sales Price; other property filters unrestricted. Thirteen dated tooltip values captured October 21, 2026 at 12:35 p.m. PDT (19:35 UTC), September 2025 through September 2026 complete months. These are sold-home averages, not medians or a detached-only monthly series.
Rates: FRED MORTGAGE30US, US, percent, not seasonally adjusted; calendar-month arithmetic means of weekly observations. The shared thirteen-month series was validated against 56 weekly observations. Mortgage News Daily October 21 daily index checked at 2:35 p.m. PDT (21:35 UTC). Daily and monthly series need not match. Axes do not start at zero; comparisons do not establish cause.
Let's Talk About Your Next Move
Jeremy Minor | Team NSRG | [email protected] | 206-349-9748
University Place’s latest snapshot highlights 12 price reductions and seven pending events, while September’s average sold price of $750,035 reflects the broader Residential market. Your timing, budget and the home itself matter more than a single weekly headline. If you are considering buying or selling, I would be happy to discuss your options, compare available homes or plan a sale, and help you put these numbers in context.
