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TACOMA, WA 98408

Real Estate Market Report  ·  Pierce County
Buyer's Market
January 2026  ·  Source: Realtor.com

Market Overview

Active Listings
56
⇧ 14.3% vs 49 last year
Pending
26
46% pending ratio
Median Price
$472,475
⇧ 10.3% vs $428,375 last year
Average Price
$485,475
⇧ 4.7% vs $463,700 last year
Days on Market
50
⇧ 8.7% vs 46 days last year

Market Context

Population: 21,438  ·  Density: 2,426.4/mi²  ·  Median household income: $76,502

Typical home value: $355,500  ·  Homeownership: 66.5%

Market Analysis

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

The TACOMA, WA real estate market (98408) currently shows 56 active listings, with 26 pending sales. Homes are averaging 50 days on the market before going under contract.

Inventory has increased compared to last year, with 7 more homes available — giving buyers more choice.

Homes are taking longer to sell, averaging 50 days on market compared to 46 days last year.

The median listing price has risen 10.3% year-over-year, from $428,375 to $472,475.

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 Trends

Inventory & Days on Market

Year over Year
  • Listings: 56 this year vs 49 last year
  • Days on market: 50 now vs 46 last year

Median & Average Pricing

Year over Year
  • Median: $472,475 (+10.3% YoY)
  • Average: $485,475 (+4.7% 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

Nearby Real Estate Markets

Median Price Legend:
< $250K
$250K–$500K
$500K–$1M
$1M–$2M
> $2M
25 Nearby Zip Code Markets within 8.6 miles — 602 listings ($398,080,145 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
98408Tacoma, WA 984080.0 mi56$27,186,600$472,475$485,475
98404Tacoma, WA 984041.8 mi76$36,230,948$450,000$476,723
98444Tacoma, WA 984443.2 mi61$30,846,114$485,000$505,674
98405Tacoma, WA 984053.5 mi60$29,338,380$469,000$488,973
98402Tacoma, WA 984023.6 mi15$12,796,410$365,000$853,094
98467University Place, WA 984674.6 mi32$22,176,864$699,000$693,027
98403Tacoma, WA 984034.7 mi18$13,720,230$662,450$762,235
98465Tacoma, WA 984655.3 mi6$4,980,000$762,475$830,000
98446Tacoma, WA 984465.8 mi55$36,681,370$659,900$666,934
98498Lakewood, WA 984985.9 mi80$55,704,560$559,900$696,307
98422Tacoma, WA 984226.8 mi49$52,357,431$799,925$1,068,519
98354Milton, WA 983547.1 mi20$15,314,860$754,975$765,743
98023Federal Way, WA 980238.6 mi74$60,746,378$715,000$820,897

Frequently Asked Questions

How many homes are for sale in TACOMA, WA 98408?

As of January 2026, there are 56 active listings in TACOMA, WA (zip code 98408), compared to 49 the prior year.

What is the median home price in TACOMA, WA 98408?

The median listing price in TACOMA, WA 98408 is $472,475 as of January 2026, a 10.3% increase from $428,375 the prior year.

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

Homes in TACOMA, WA 98408 spend an average of 50 days on the market before going under contract, compared to 46 days the prior year.

Is it a seller's or buyer's market in TACOMA, WA 98408?

Based on current inventory and days-on-market data as of January 2026, TACOMA, WA 98408 is currently a Buyer's Market. Inventory has increased compared to last year, with 7 more homes available — giving buyers more choice. Homes are taking longer to sell, averaging 50 days on market compared to 46 days last year.

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

With SELL123.com's maximum 3% commission, sellers in TACOMA, WA 98408 save an estimated $9,450 compared to a typical 5% commission on the median listing price of $472,475. 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.