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North End Old Town Proctor Ruston West End

TACOMA, WA 98407

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

Neighborhoods in ZIP 98407

North End · Old Town · Proctor · Ruston · West End

Market Analysis

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

The TACOMA, WA real estate market (98407) currently shows 59 active listings, with 17 pending sales. Homes are averaging 40 days on the market before going under contract.

Inventory has increased compared to last year, with 1 more homes available — giving buyers more choice.

Homes are selling faster, averaging 40 days on market compared to 44 days last year.

The median listing price has fallen 12.8% year-over-year, from $797,500 to $695,425.

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: 21,050  ·  Density: 1,507.9/mi²  ·  Median household income: $103,900

Typical home value: $566,870  ·  Homeownership: 65.3%

Market Overview

Active Listings
59
⇧ 1.7% vs 58 last year
Pending
17
29% pending ratio
Median Price
$695,425
⇩ 12.8% vs $797,500 last year
Average Price
$829,814
⇩ 17.4% vs $1,004,680 last year
Days on Market
40
⇩ 9.1% vs 44 days last year

Price Per Square Foot

Median $/sqft
$408
⇩ 13.6% vs $472/sqft last year
Median Home Size
1,771 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 59 this year vs 58 last year
  • Days on market: 40 now vs 44 last year

Median & Average Pricing

Year over Year
  • Median: $695,425 (-12.8% YoY)
  • Average: $829,814 (-17.4% 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 9.5 miles — 582 listings ($379,507,347 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
98407Tacoma, WA 984070.0 mi55$46,674,760$689,950$848,632
98403Tacoma, WA 984032.9 mi18$13,720,230$662,450$762,235
98405Tacoma, WA 984053.5 mi60$29,338,380$469,000$488,973
98466Tacoma, WA 984664.3 mi45$26,357,760$569,950$585,728
98418Tacoma, WA 984185.5 mi27$11,129,535$409,995$412,205
98422Tacoma, WA 984225.6 mi49$52,357,431$799,925$1,068,519
98467University Place, WA 984676.1 mi32$22,176,864$699,000$693,027
98408Tacoma, WA 984087.0 mi56$27,186,600$472,475$485,475
98404Tacoma, WA 984047.2 mi76$36,230,948$450,000$476,723
98499Lakewood, WA 984998.5 mi41$28,723,575$499,950$700,575
98070Vashon, WA 980708.7 mi21$25,012,806$875,000$1,191,086
98003Federal Way, WA 980039.3 mi82$45,283,598$525,000$552,239
98354Milton, WA 983549.5 mi20$15,314,860$754,975$765,743

Frequently Asked Questions

How many homes are for sale in TACOMA, WA 98407?

As of February 2026, there are 59 active listings in TACOMA, WA (zip code 98407), compared to 58 the prior year.

What is the median home price in TACOMA, WA 98407?

The median listing price in TACOMA, WA 98407 is $695,425 as of February 2026, a 12.8% decrease from $797,500 the prior year.

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

Homes in TACOMA, WA 98407 spend an average of 40 days on the market before going under contract, compared to 44 days the prior year.

Is it a seller's or buyer's market in TACOMA, WA 98407?

Based on current inventory and days-on-market data as of February 2026, TACOMA, WA 98407 is currently a Balanced Market. Inventory has increased compared to last year, with 1 more homes available — giving buyers more choice. Homes are selling faster, averaging 40 days on market compared to 44 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 98407 save an estimated $13,909 compared to a typical 5% commission on the median listing price of $695,425. 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.