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Madrona (Oakland) Manitou Meadow Park Monta Vista Monte Vista South Tacoma

TACOMA, WA 98409

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

Neighborhoods in ZIP 98409

Madrona (Oakland) · Manitou · Meadow Park · Monta Vista · Monte Vista · South Tacoma

Market Analysis

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

The TACOMA, WA real estate market (98409) currently shows 56 active listings, with 25 pending sales. Homes are averaging 31 days on the market before going under contract.

Inventory has increased compared to last year, with 15 more homes available — giving buyers more choice.

Homes are selling faster, averaging 31 days on market compared to 39 days last year.

The median listing price has fallen 4% year-over-year, from $432,500 to $415,000.

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: 28,645  ·  Density: 1,548.8/mi²  ·  Median household income: $65,245

Typical home value: $326,622  ·  Homeownership: 43.9%

Market Overview

Active Listings
56
⇧ 36.6% vs 41 last year
Pending
25
45% pending ratio
Median Price
$415,000
⇩ 4% vs $432,500 last year
Average Price
$531,175
⇩ 12.5% vs $606,815 last year
Days on Market
31
⇩ 20.5% vs 39 days last year

Price Per Square Foot

Median $/sqft
$335
⇧ 11.7% vs $300/sqft last year
Median Home Size
1,260 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 56 this year vs 41 last year
  • Days on market: 31 now vs 39 last year

Median & Average Pricing

Year over Year
  • Median: $415,000 (-4% YoY)
  • Average: $531,175 (-12.5% 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 8.6 miles — 759 listings ($502,402,152 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
98409Tacoma, WA 984090.0 mi54$28,365,390$399,962$525,285
98408Tacoma, WA 984081.9 mi59$28,159,402$449,475$477,278
98466Tacoma, WA 984662.8 mi45$29,682,225$628,475$659,605
98499Lakewood, WA 984993.3 mi54$42,454,044$536,238$786,186
98402Tacoma, WA 984023.3 mi18$8,576,424$352,500$476,468
98406Tacoma, WA 984063.8 mi47$36,611,684$599,988$778,972
98444Tacoma, WA 984444.3 mi70$34,075,930$457,500$486,799
98498Lakewood, WA 984985.1 mi81$56,584,008$562,413$698,568
98445Tacoma, WA 984456.0 mi112$67,460,400$583,000$602,325
98422Tacoma, WA 984226.9 mi57$61,611,129$799,925$1,080,897
98371Puyallup, WA 983717.6 mi80$56,146,800$687,500$701,835
98354Milton, WA 983548.3 mi20$13,989,320$642,500$699,466
98373Puyallup, WA 983738.6 mi62$38,685,396$597,500$623,958

Frequently Asked Questions

How many homes are for sale in TACOMA, WA 98409?

As of March 2026, there are 56 active listings in TACOMA, WA (zip code 98409), compared to 41 the prior year.

What is the median home price in TACOMA, WA 98409?

The median listing price in TACOMA, WA 98409 is $415,000 as of March 2026, a 4% decrease from $432,500 the prior year.

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

Homes in TACOMA, WA 98409 spend an average of 31 days on the market before going under contract, compared to 39 days the prior year.

Is it a seller's or buyer's market in TACOMA, WA 98409?

Based on current inventory and days-on-market data as of March 2026, TACOMA, WA 98409 is currently a Balanced Market. Inventory has increased compared to last year, with 15 more homes available — giving buyers more choice. Homes are selling faster, averaging 31 days on market compared to 39 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 98409 save an estimated $8,300 compared to a typical 5% commission on the median listing price of $415,000. 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.