98407 Home Values & Market Trends
There are 652 homes currently listed for 98407. 98407 real estate market trends show that home prices range from $300,000 to $2,950,000, and the median sales price in the 98407 zip code is $654,853. The total number of properties sold within the past twelve months is 421. In 98407, 6 properties are in foreclosure, 1 are bank owned properties,and 4 are headed for auction.
98407 Real Estate Market Overview
| City | Median Est. Value |
|---|---|
| Tacoma | $ 499,764 $ 338/sqft |
Housing Market Summary for 98407
| Sep 2025 | September 2026 | Change | |
|---|---|---|---|
| Median Listing Price | $699K | $670K | -4.15% |
| Median Sold Price | $668.9K | $650K | -2.84% |
| Homes For Sale | 445 | 656 | 47.42% |
| Homes Sold | 168 | 97 | -42.26% |
Price Per Square Foot
On an average, Single Family homes cost $33 more per sqft than Condos. In comparison with sales price/sqft last week, list price/sqft of Single Family homes increased by 1.93% whereas, list price/sqft of Condos increased by 9.38%.
Recently Sold Homes
Explore recent offers and recently sold homes in 98407
Browse Homes in 98407
The median list price of a home in Tacoma, is $654,853. A total of 652 properties are for sale, and the percentage of properties for sale in the zip code is 652.00%. The total count of 98407 properties is 757.
- Pre-ForeclosurePre-foreclosure homes account for 0.13% of all residential properties in 98407 with tacoma containing 15 pre-foreclosures, the highest number of pre-foreclosure properties in a single city. There is 1 cities within 98407; of that cities, the estimated home value for pre-foreclosure homes ranges from $776,801 in tacoma to the lowest home value of $387,336 in tacoma.
- Bank OwnedThe median estimated home value of bank owned homes (REO properties) in 98407 ranges from the highest value of $670,000 in tacoma to the lowest value of $227,500 in tacoma. Bank owned homes and properties account for 0.13% of properties in 98407. There is 1 cities within 98407; tacoma containing 53 REO properties, has the highest number of bank owned properties in a single city.
- Auctionstacoma has 129 auction properties, the highest number of properties going to auction in a single city in the state of 98407. Auction homes and other auction properties account for 0.53% of all properties in 98407. There is 1 cities within 98407; of that cities, the median estimated home value for homes going to auction ranges from $1,388,412 in tacoma to the lowest value of $236,000 in tacoma.
Compare Nearby Zip Codes
More Real Estate Resources for 98407
Guide for 98407
Washington Foreclosure Laws
Foreclosure is a term that can sometimes lead to confusion for those looking to make a real estate investment. In simple terms, it refers to the process where a lender takes possession of a property after the owner fails to keep up with their mortgage payments. When it comes to land, this means that buyers […]
Descubre todo lo que necesitas saber sobre cómo comprar una casa en ejecución hipotecaria.
Learn how to buy a foreclosed home in Chicago, Illinois.
