Tacoma, WA Home Values & Market Trends

Real estate market trends reflect that there have been 4,051 transactions over the past year in Tacoma. The median value for residential home transactions that occurred over the previous year is $465,313.6. The number of current listings in Tacoma is 71, and the percentage of properties for sale in the city is 71.00%. Tacoma, WA currently has 109 properties in foreclosure, 5 bank owned properties, 102 properties headed for auction, and 71 properties for sale.

Tacoma, WA Real Estate Market Overview

ZipMedian Est. ValueZipMedian Est. Value
98445

$ 455,687

$ 268/sqft

98406

$ 461,164

$ 474/sqft

98405

$ 484,950

$ 328/sqft

98418

$ 401,255

$ 299/sqft

98409

$ 381,196

$ 314/sqft

98402

$ 418,887

$ 442/sqft

98446

$ 627,000

$ 273/sqft

98403

$ 849,782

$ 374/sqft

98408

$ 436,664

$ 313/sqft

98443

$ 478,849

$ 441/sqft

98466

$ 561,921

$ 327/sqft

98421

$ --

$ --

98444

$ 347,256

$ 280/sqft

98465

$ --

$ --

98407

$ 677,125

$ 281/sqft

98416

$ --

$ --

98404

$ 421,787

$ 306/sqft

98413

$ --

$ --

98422

$ 712,750

$ 309/sqft

98433

$ --

$ --

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Housing Market Summary for Tacoma, WA

Feb 2023January 2024Change
Median Listing Price$427K$462.7K8.37%
Median Sold Price$459.9K$462.7K0.61%
Homes For Sale8676-11.63%
Homes Sold2,2552,3805.54%
Price
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Homes For Sale
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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%.

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Browse Homes in Tacoma, WA

Tacoma home values range from $21,528 to $4,665,364. The median estimated value of a home in Tacoma is $465,313.6. The median list price of a home is 450,000, and the total count of properties in the city is 89,004.

Foreclosure
There are 20 zips within Tacoma, WA; within these zips, the median estimated home value for homes in foreclosure ranges from $1,275,648 in 98444 to the lowest value of $246,703 in 98444. Foreclosure homes account for 0.00% of properties in Tacoma, WA with 98404 containing 16 foreclosures, the highest number of foreclosure properties in a single zip.
  • Pre-Foreclosure
    Pre-foreclosure homes account for 0.00% of all residential properties in Tacoma, WA with 98403 containing 1 pre-foreclosures, the highest number of pre-foreclosure properties in a single zip. There are 20 zips within Tacoma, WA; of those zips, the estimated home value for pre-foreclosure homes ranges from $1,275,648 in 98403 to the lowest home value of $976,555 in 98422.
  • Bank Owned
    The median estimated home value of bank owned homes (REO properties) in Tacoma, WA ranges from the highest value of $488,000 in 98445 to the lowest value of $286,871 in 98422. Bank owned homes and properties account for 0.01% of properties in Tacoma, WA. There are 20 zips within Tacoma, WA; 98445 containing 2 REO properties, has the highest number of bank owned properties in a single zip.
  • Auctions
    98404 has 16 auction properties, the highest number of properties going to auction in a single zip in the state of Tacoma, WA. Auction homes and other auction properties account for 0.11% of all properties in Tacoma, WA. There are 20 zips within Tacoma, WA; of those zips, the median estimated home value for homes going to auction ranges from $530,243 in 98403 to the lowest value of $246,703 in 98403.
Homes for Sale
Homes and properties that are actively listed for sale account for 0.08% of residential properties in Tacoma, WA with 98445 containing 9 homes for sale, the highest number of listed properties in a single zip. There are 20 zips within Tacoma, WA; homes for sale in those zips, have a range of median values from $904,565 in 98403 to the lowest value of $230,475 in 98446.
    Sold Homes
    The median value for recently sold homes ranges from $1,544,563 in 98443 to the lowest price of $24,248 in 98443. There are 20 zips within Tacoma, WA. 98445 has 233 recently sold homes, the highest number of recently sold properties in a single zip. Recently sold homes and properties account for 2.61% of properties in Tacoma, WA.

      Compare Nearby Cities

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      Guide for Tacoma, WA

      Market Reports
      2023 Seattle Real Estate Market Review
      Home Buying Guides & Tips
      Washington Foreclosure Laws
      A nice veranda
      Auction
      5 Tips For Increasing Your Chances At Winning A Real Estate Auction
      Market Reports
      NYC Real Estate Rises: 8% Surge in Property Values Aug 2023-Jan 2024
      See More Articles
      2023 Seattle Real Estate Market Review
      Market Reports|posted 12 February 2024

      This blog post examines the ebb and flow of the Seattle real estate market in the past year, providing detailed insights into property values, average sold prices, and market trends in both Seattle and nearby cities. The data provides valuable insights for investors, homeowners, and real estate professionals.

      Washington Foreclosure Laws
      Home Buying Guides & Tips|posted 6 June 2013

      Washington Foreclosure Laws

      A nice veranda
      5 Tips For Increasing Your Chances At Winning A Real Estate Auction
      Auction|posted 27 February 2024

      Buying your dream real estate at auction is tricky. Here are some quick tips to give you an edge.

      NYC Real Estate Rises: 8% Surge in Property Values Aug 2023-Jan 2024
      Market Reports|posted 27 February 2024

      New York City’s real estate market from August 2023 to January 2024 witnessed roughly an 8% increase in average property values, along with fluctuations in per square foot values and sold prices.