Is Tacoma, WA 98466 a buyer’s or seller’s market?

Seller’s market 3 months ending August 31, 2026 · Source: Redfin

Tacoma is a seller’s market. With about 2.5 months of supply and 34% 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.

Competition score75/ 100

More competitive than 79% of U.S. ZIP codes, and #29 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

Months of supply2.5Under 4 months = seller’s market
Sold above original list33.7%Share of sales, last 3 months
Median sale-to-list100.1%Sold price ÷ list price
Median days on market17Listing to accepted offer
Median price per sq ft$351▲ +8.0% vs. last year

The Tacoma housing market right now

In the three months ending August 31, 2026, 34% of homes in Tacoma, WA 98466 sold above their list price, the typical home went under contract in 17 days and there were 2.5 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 89 home sales.

Compared with the same period a year earlier, the share selling over asking was about the same (35% then), homes sold more slowly (10 days then) and the median sale price rose 9% to $694,200. Overall, Tacoma is less competitive than a year ago, which gives buyers more room.

Within Pierce County, homes here sell faster than in 54% of the county’s ZIP codes, and sell more often over asking than in 67%. On our competition score, Tacoma ranks #29 of 298 WA ZIP codes with enough sales (score 75 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.

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 →

Where Tacoma is

Loading map…

Questions about Tacoma real estate

Is Tacoma a buyer’s or seller’s market?

A seller’s market: there were 2.5 months of supply in Tacoma, WA 98466 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 17 days in the latest three months.

Do homes in Tacoma sell over asking?

34% of homes sold above their original list price, and the typical sale closed at 100.1% 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 $694,200 in the three months ending August 31, 2026, about $351 per square foot.

No sponsored agents in 98466 yet. Are you an agent here? Put your name in front of local buyers.

More tools for 98466

Add this to your website

Free to use. Paste this code where you want the live widget to appear. It updates automatically. More widgets

Sizes itself to fit. If your site builder removes scripts, use “iframe only”.

Preview

Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology