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6th Avenue North End Old Town Proctor West End

TACOMA, WA 98406

Real Estate Market Report  ·  Pierce County
Balanced Market
April 2026  ·  Source: Realtor.com

Neighborhoods in ZIP 98406

6th Avenue · North End · Old Town · Proctor · West End

Market Analysis

Data as of April 2026. Source: Realtor.com.

The TACOMA, WA real estate market (98406) currently shows 59 active listings, with 32 pending sales. Homes are averaging 23 days on the market before going under contract.

Inventory has increased compared to last year, with 10 more homes available — giving buyers more choice.

The median listing price has fallen 3.4% year-over-year, from $618,750 to $597,498.

Whether you are buying or selling in TACOMA, WA, SELL123.com can help you save significantly on commission — typically 2% compared to traditional 5% broker fees. Call (240) SELL-123 for a free consultation.

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Market Context

Market Context

Population: 22,994  ·  Density: 2,123.6/mi²  ·  Median household income: $96,755

Typical home value: $515,727  ·  Homeownership: 65.0%

Market Overview

Active Listings
59
⇧ 20.4% vs 49 last year
Pending
32
54% pending ratio
Median Price
$597,498
⇩ 3.4% vs $618,750 last year
Average Price
$674,705
⇩ 4.8% vs $708,713 last year
Days on Market
23
vs 23 days last year

Price Per Square Foot

Median $/sqft
$310
⇩ 8.3% vs $338/sqft last year
Median Home Size
1,881 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 59 this year vs 49 last year
  • Days on market: 23 now vs 23 last year

Median & Average Pricing

Year over Year
  • Median: $597,498 (-3.4% YoY)
  • Average: $674,705 (-4.8% YoY)

12-Month Price Trend

Median & Average
  • Median and average listing prices over the past 12 months

12-Month Inventory Trend

Active & Pending
  • Active and pending listing counts over the past 12 months

Historical Trend Charts

Median Price
Average Price
Days on Market
Total Listings
Pending Listings
Active Listings
New Listings
Price Per Sqft
Price Reduced %

Nearby Real Estate Markets

Median Price Legend:
< $250K
$250K–$500K
$500K–$1M
$1M–$2M
> $2M
25 Nearby Zip Code Markets within 9.6 miles — 689 listings ($477,473,465 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
98406Tacoma, WA 984060.0 mi47$36,611,684$599,988$778,972
98407Tacoma, WA 984071.8 mi59$48,959,026$695,425$829,814
98403Tacoma, WA 984032.3 mi22$17,089,006$668,725$776,773
98402Tacoma, WA 984023.3 mi18$8,576,424$352,500$476,468
98418Tacoma, WA 984184.0 mi26$10,553,478$397,688$405,903
98408Tacoma, WA 984085.3 mi59$28,159,402$449,475$477,278
98335Gig Harbor, WA 983355.8 mi81$88,970,238$887,000$1,098,398
98404Tacoma, WA 984045.9 mi85$42,293,960$480,000$497,576
98443Tacoma, WA 984437.4 mi13$11,970,608$850,000$920,816
98023Federal Way, WA 980237.6 mi94$73,575,304$724,950$782,716
98444Tacoma, WA 984448.1 mi70$34,075,930$457,500$486,799
98388Steilacoom, WA 983888.5 mi25$25,447,575$869,213$1,017,903
98003Federal Way, WA 980039.6 mi90$51,190,830$538,750$568,787

Frequently Asked Questions

How many homes are for sale in TACOMA, WA 98406?

As of April 2026, there are 59 active listings in TACOMA, WA (zip code 98406), compared to 49 the prior year.

What is the median home price in TACOMA, WA 98406?

The median listing price in TACOMA, WA 98406 is $597,498 as of April 2026, a 3.4% decrease from $618,750 the prior year.

How long do homes stay on the market in TACOMA, WA?

Homes in TACOMA, WA 98406 spend an average of 23 days on the market before going under contract, compared to 23 days the prior year.

Is it a seller's or buyer's market in TACOMA, WA 98406?

Based on current inventory and days-on-market data as of April 2026, TACOMA, WA 98406 is currently a Balanced Market. Inventory has increased compared to last year, with 10 more homes available — giving buyers more choice.

How much can I save on real estate commission in TACOMA, WA?

With SELL123.com's maximum 3% commission, sellers in TACOMA, WA 98406 save an estimated $11,950 compared to a typical 5% commission on the median listing price of $597,498. Our fee structure: 1% listing + 2% selling broker — no additional buyer or seller fees. Call (240) SELL-123 or email info@SELL123.com for a free consultation.