Why Live in University Place
University Place in Tyler is a suburban neighborhood known for its New Traditional style homes, primarily built in the late 1980s through the 1990s. These homes typically feature three bedrooms, two bathrooms, brick exteriors, low-pitched roofs, large front windows, and two-car garages. The neighborhood's streets often end in cul-de-sacs, with spacious, manicured lawns and mature trees. The southern half of University Place includes the Foundry Apartments, which are popular with students and can be somewhat noisy, though the area remains generally quiet. While there are no parks within the neighborhood, Golden Road Park is less than 2 miles away, offering baseball and soccer fields, a playground, and a picnic area. Residents frequently visit Loop 323 for groceries, dining, and services, with popular spots like Poch’s Rice Café and Rick’s on the Square nearby. The UT Tyler Cowan Center provides cultural events such as off-Broadway plays, live music, and lectures. Annual events like the Azalea and Spring Flower Trail and the Texas Rose Festival are community highlights. University Place is conveniently located about 5 miles from downtown Tyler, with major hospitals and the Tyler Pounds Regional Airport within a short drive. The neighborhood is served by Chapel Hill Independent School District, which offers access to private and charter schools.
Home Trends in University Place, TX
On average, homes in University Place, Tyler sell after 67 days on the market compared to the national average of 51 days. The median sale price for homes in University Place, Tyler over the last 12 months is $299,000, up 3% from the median home sale price over the previous 12 months.
Median Sale Price
$299,000
Median Single Family Sale Price
$292,000
Average Price Per Sq Ft
$157
Number of Homes for Sale
1
Last 12 months Home Sales
5
Median List Price
$292,000
Median Change From 1st List Price
0%
Median Home Sale Price YoY Change
3%