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6th Avenue Central New Tacoma Stadium Theatre District Upper Tacoma District

TACOMA, WA 98405

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

Neighborhoods in ZIP 98405

6th Avenue · Central · New Tacoma · Stadium · Theatre District · Upper Tacoma District

Market Analysis

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

The TACOMA, WA real estate market (98405) currently shows 63 active listings, with 20 pending sales. Homes are averaging 64 days on the market before going under contract.

Inventory has tightened compared to last year, with 6 fewer active listings — creating more competition among buyers.

Homes are taking longer to sell, averaging 64 days on market compared to 35 days last year.

The median listing price has risen 1.7% year-over-year, from $462,475 to $470,500.

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: 24,264  ·  Density: 2,285.7/mi²  ·  Median household income: $72,606

Typical home value: $396,997  ·  Homeownership: 50.7%

Market Overview

Active Listings
63
⇩ 8.7% vs 69 last year
Pending
20
32% pending ratio
Median Price
$470,500
⇧ 1.7% vs $462,475 last year
Average Price
$490,145
⇧ 1.3% vs $483,908 last year
Days on Market
64
⇧ 82.9% vs 35 days last year

Price Per Square Foot

Median $/sqft
$327
⇩ 1.2% vs $331/sqft last year
Median Home Size
1,466 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 63 this year vs 69 last year
  • Days on market: 64 now vs 35 last year

Median & Average Pricing

Year over Year
  • Median: $470,500 (+1.7% YoY)
  • Average: $490,145 (+1.3% 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 8.5 miles — 571 listings ($424,192,570 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
98405Tacoma, WA 984050.0 mi60$29,338,380$469,000$488,973
98402Tacoma, WA 984021.5 mi15$12,796,410$365,000$853,094
98406Tacoma, WA 984062.1 mi42$33,572,406$629,000$799,343
98465Tacoma, WA 984652.7 mi6$4,980,000$762,475$830,000
98407Tacoma, WA 984073.5 mi55$46,674,760$689,950$848,632
98404Tacoma, WA 984043.8 mi76$36,230,948$450,000$476,723
98422Tacoma, WA 984224.8 mi49$52,357,431$799,925$1,068,519
98424Fife, WA 984245.7 mi14$9,050,706$577,500$646,479
98444Tacoma, WA 984446.6 mi61$30,846,114$485,000$505,674
98333Fox Island, WA 983337.2 mi12$20,002,368$1,187,000$1,666,864
98354Milton, WA 983547.4 mi20$15,314,860$754,975$765,743
98335Gig Harbor, WA 983357.8 mi79$87,744,589$934,475$1,110,691
98003Federal Way, WA 980038.5 mi82$45,283,598$525,000$552,239

Frequently Asked Questions

How many homes are for sale in TACOMA, WA 98405?

As of February 2026, there are 63 active listings in TACOMA, WA (zip code 98405), compared to 69 the prior year.

What is the median home price in TACOMA, WA 98405?

The median listing price in TACOMA, WA 98405 is $470,500 as of February 2026, a 1.7% increase from $462,475 the prior year.

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

Homes in TACOMA, WA 98405 spend an average of 64 days on the market before going under contract, compared to 35 days the prior year.

Is it a seller's or buyer's market in TACOMA, WA 98405?

Based on current inventory and days-on-market data as of February 2026, TACOMA, WA 98405 is currently a Balanced Market. Inventory has tightened compared to last year, with 6 fewer active listings — creating more competition among buyers. Homes are taking longer to sell, averaging 64 days on market compared to 35 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 98405 save an estimated $9,410 compared to a typical 5% commission on the median listing price of $470,500. 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.