Is Tacoma, WA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since June 2023
Since last year, Tacoma has remained a Seller's Market.
Housing Prices in Tacoma, WA
How much do homes in Tacoma, WA cost?
Median Sold Price
$470,006
$312/sqft
Based on all homes sold in the last 12 months.
Difference Since June 2023
Summary: The median home sold price in Tacoma was $470,006 in June 2024, up 4.4% from last year, and the median price per square foot was $312.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Jun 2023 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $325K | $329.7K | +1.5% |
2 Bedrooms | $370.4K | $390K | +5.3% |
3 Bedrooms | $447K | $463.9K | +3.8% |
4 Bedrooms | $529.6K | $537.8K | +1.6% |
5+ Bedrooms | $627.5K | $600K | -4.4% |
Summary: Tacoma housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes increased by 1.5%, 2 bedroom homes increased by 5.3%, 3 bedroom homes increased by 3.8%, 4 bedroom homes increased by 1.6%, and 5+ bedroom homes decreased by 4.4%.
Median Sold Price Compared To Nearby Cities
University Place | $610K | $640K | +4.9% |
Tacoma | $450.1K | $470K | +4.4% |
Fircrest | $615.7K | $612.2K | -0.6% |
Fife | $513.6K | $485K | -5.6% |
Housing Supply in Tacoma, WA
How many homes are available in Tacoma, WA?
Number of Homes For Sale
May 2024 | Jun 2024 | CHANGE |
---|---|---|
1,103 | 1,151 | +4.4% |
Summary: The Tacoma real estate market had 1,151 homes for sale in June 2024, a 4.4% increase compared to May 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 30 | 36 | +20.0% |
2 Bedrooms | 221 | 229 | +3.6% |
3 Bedrooms | 511 | 540 | +5.7% |
4 Bedrooms | 267 | 266 | -0.4% |
5+ Bedrooms | 74 | 80 | +8.1% |
Summary: The Tacoma housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 20%, 2 bedroom homes increased by 3.6%, 3 bedroom homes increased by 5.7%, 4 bedroom homes decreased by 0.4%, and 5+ bedroom homes increased by 8.1%.
Number of Homes Sold
May 2024 | Jun 2024 | CHANGE |
---|---|---|
335 | 290 | -13.4% |
Asking Price vs. Sold Price
79 Homes Were Sold
Under Asking
89 Homes Were Sold
At Asking
122 Homes Were Sold
Over Asking
Summary: A total of 290 homes were sold or pending in Tacoma in June 2024, down by 13.4% month-over-month. Of the 290 sold homes, 27% were sold under asking, 31% were sold at asking, and 42% 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
Jun 2023 | Jun 2024 | CHANGE |
---|---|---|
16 Days | 24 Days | +49.7% |
Summary: Homes in Tacoma had an average of 24 days on market in Jun 2024, up by 49.7% compared to last year.
Breakdown of Home Sale Times
224 Homes Were Sold
Under 30 Days
47 Homes Were Sold
In 30 - 90 Days
19 Homes Were Sold
Over 90 Days
Summary: During June 2024, 290 homes were sold in Tacoma; 77% of homes were sold within 30 days, 16% of homes were sold within 30 to 90 days, and 7% of homes were sold over 90 days.