98406 Home Values & Market Trends
There are 553 homes currently listed for 98406. 98406 real estate market trends show that home prices range from $220,000 to $1,995,000, and the median sales price in the 98406 zip code is $615,000. The total number of properties sold within the past twelve months is 356. In 98406, 6 properties are in foreclosure, 2 are bank owned properties,and 3 are headed for auction.
98406 Real Estate Market Overview
| City | Median Est. Value |
|---|---|
| Tacoma | $ 499,951 $ 339/sqft |
Housing Market Summary for 98406
| Sep 2025 | September 2026 | Change | |
|---|---|---|---|
| Median Listing Price | $627K | $625K | -0.32% |
| Median Sold Price | $640.3K | $584.5K | -8.71% |
| Homes For Sale | 354 | 548 | 54.80% |
| Homes Sold | 145 | 96 | -33.79% |
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 98406
Browse Homes in 98406
The median list price of a home in Tacoma, is $615,000. A total of 553 properties are for sale, and the percentage of properties for sale in the zip code is 553.00%. The total count of 98406 properties is 656.
- Pre-ForeclosurePre-foreclosure homes account for 0.15% of all residential properties in 98406 with tacoma containing 15 pre-foreclosures, the highest number of pre-foreclosure properties in a single city. There is 1 cities within 98406; 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 98406 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 0.30% of properties in 98406. There is 1 cities within 98406; tacoma containing 49 REO properties, has the highest number of bank owned properties in a single city.
- Auctionstacoma has 131 auction properties, the highest number of properties going to auction in a single city in the state of 98406. Auction homes and other auction properties account for 0.46% of all properties in 98406. There is 1 cities within 98406; 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.
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More Real Estate Resources for 98406
Guide for 98406
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.
