$5,699 Closing Credit*
$479,950
1,940 SqFt
4 Beds
•2 Full Baths
Alan Smith, Listing Office: John L. Scott Enumclaw
Is Tacoma, WA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, Tacoma has remained a Seller's Market.
Key Takeaway
Tacoma is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Tacoma, WA
How much do homes in Tacoma, WA cost?
Median Sold Price
$479,506
$315/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$29,506(+6.6%)
Key Takeaway
Homes in Tacoma have sold for 6.6% more than they did a year ago.
Summary: The median home sold price in Tacoma was $479,506 in October 2024, up 6.6% from last year, and the median price per square foot was $315.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $333.3K | $319.5K | -4.1% |
| 2 Bedrooms | $371.8K | $395K | +6.2% |
| 3 Bedrooms | $445.1K | $478.4K | +7.5% |
| 4 Bedrooms | $520K | $559.3K | +7.6% |
| 5+ Bedrooms | $600K | $600K | 0.0% |
Summary: Tacoma housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 4.1%, 2 bedroom homes increased by 6.2%, 3 bedroom homes increased by 7.5%, 4 bedroom homes increased by 7.6%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Fife | $476K | $528K | +10.9% |
| Tacoma | $450K | $479.5K | +6.6% |
| University Place | $610.5K | $626.1K | +2.6% |
| Fircrest | $611.2K | $610K | -0.2% |
| Ruston | $680K | $617.5K | -9.2% |
Housing Supply in Tacoma, WA
How many homes are available in Tacoma, WA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 1,119 | 1,214 | +8.5% |
Summary: The Tacoma real estate market had 1,214 homes for sale in October 2024, a 8.5% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 41 | 40 | -2.4% |
| 2 Bedrooms | 200 | 223 | +11.5% |
| 3 Bedrooms | 525 | 558 | +6.3% |
| 4 Bedrooms | 281 | 315 | +12.1% |
| 5+ Bedrooms | 72 | 78 | +8.3% |
Summary: The Tacoma housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 2.4%, 2 bedroom homes increased by 11.5%, 3 bedroom homes increased by 6.3%, 4 bedroom homes increased by 12.1%, and 5+ bedroom homes increased by 8.3%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 281 | 281 | 0.0% |
Asking Price vs. Sold Price
104 Homes Were Sold
Under Asking
83 Homes Were Sold
At Asking
94 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Tacoma, you may be able to get a good deal. 37% of homes here sold below asking price last month.
Summary: A total of 281 homes were sold or pending in Tacoma in October 2024, the same as the previous month. Of the 281 sold homes, 37% were sold under asking, 30% were sold at asking, and 33% were sold over asking.
Days on Market for Tacoma, WA
How long does it take to sell a home in Tacoma, WA?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 28 Days | 35 Days | +25.2% |
Summary: Homes in Tacoma had an average of 35 days on market in Oct 2024, up by 25.2% compared to last year.
Breakdown of Home Sale Times
180 Homes Were Sold
Under 30 Days
73 Homes Were Sold
In 30 - 90 Days
28 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Tacoma are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 281 homes were sold in Tacoma; 64% of homes were sold within 30 days, 26% of homes were sold within 30 to 90 days, and 10% of homes were sold over 90 days.
Listings courtesy of Northwest Multiple Listing Service as distributed by MLS GRID.
The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of Northwest MLS IDX. Real estate listings held by other brokerage firms are marked with the green "three trees" logo and includes the name of the listing broker(s). Copyright © 2024 Northwest MLS. All rights reserved. 
The content relating to real estate for sale on this web site comes in part from the IDX program of the RMLS of Portland, Oregon. Real estate listings held by another brokerage firm are marked with the RMLS logo, and detailed information about these properties includes the names of the listing brokers. Listing content is copyright © 2024 Regional Multiple Listing Service, Inc. (RMLS™) Portland, Oregon.