Is Tacoma, WA 98403 a buyer’s or seller’s market?
Tacoma is a seller’s market. With about 3.2 months of supply and 36% of recent sales closing above the original list price, competing offers are common on well-priced homes. Buyers here often have a pre-approval in hand and a plan for the appraisal gap before touring.
More competitive than 82% of U.S. ZIP codes, and #20 of 298 in the state.
Based on share sold above original list, sale-to-list ratio, months of supply and days on market for the 3 months ending August 31, 2026. See the breakdown
The Tacoma housing market right now
In the three months ending August 31, 2026, 36% of homes in Tacoma, WA 98403 sold above their list price, the typical home went under contract in 7 days and there were 3.2 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 26 home sales.
Compared with the same period a year earlier, the share selling over asking rose from 32%, homes sold faster (13 days then) and the median sale price fell 10% to $630,927. Overall, Tacoma is more competitive than a year ago, so tougher for buyers.
Within Pierce County, homes here sell faster than in 94% of the county’s ZIP codes, and sell more often over asking than in 81%. On our competition score, Tacoma ranks #20 of 298 WA ZIP codes with enough sales (score 77 out of 100).
Nearby, buyers who want less competition could look at Mckenna 98558 (0% sold over asking) or Vaughn 98394 (0% sold over asking), while Carbonado 98323 (80% sold over asking) and Tacoma 98418 (55% sold over asking) are even more competitive.
Run the numbers for 98403
Nearby markets
Anderson Island 98303Buyer’s market $302 /sq ftAshford 98304Buyer’s market $496 /sq ftBonney Lake 98391Seller’s market $317 /sq ftBuckley 98321Seller’s market $296 /sq ft Browse all markets →Towns like Tacoma nearby
Find towns like Tacoma in other states →Where Tacoma is
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Questions about Tacoma real estate
Is Tacoma a buyer’s or seller’s market?
A seller’s market: there were 3.2 months of supply in Tacoma, WA 98403 in the three months ending August 31, 2026. Under four months usually favors sellers, and more than six favors buyers.
How fast do homes sell in Tacoma?
The typical home went under contract in 7 days in the latest three months.
Do homes in Tacoma sell over asking?
36% of homes sold above their original list price, and the typical sale closed at 101.1% of the list price.
What are property taxes in Tacoma?
About 0.91% of a home’s value a year in Pierce County, or roughly $3,640 on a $400,000 home.
What is the median home price in Tacoma?
The median sale price was $630,927 in the three months ending August 31, 2026, about $391 per square foot.
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Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology