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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Tacoma is a seller's market

Buyer's
Market

Difference Since September 2021

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.

How much do homes in Tacoma, WA cost?

Median Sold Price

$472,666

$330/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2021

+$62,352(+15.2%)

Key Takeaway

Homes in Tacoma have sold for 15.2% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSSep 2021Sep 2022%
1 $274.9K$338.5K
+23.1%
2 $336K$400K
+19.0%
3 $413.9K$467K
+12.8%
4 $484.8K$540K
+11.4%
5+ $570.5K$627.5K
+10.0%

Median Sold Price Compared To Nearby Cities

Fircrest
+20.8%
Fife
+20.5%
University Place
+17.2%
Tacoma
+15.2%

How many homes are available in Tacoma, WA?

Number of Homes For Sale

Aug 2022Sep 2022%
901878-2.6%

Homes For Sale By Bedroom Count

# BEDSAug 2022Sep 2022%
1 3234
+6.3%
2 187173
-7.5%
3 391387
-1.0%
4 222202
-9.0%
5+ 6982
+18.8%

Number of Homes Sold

Aug 2022Sep 2022%
299274-8.4%

Asking Price vs. Sold Price

115 Homes Were Sold
Under Asking

89 Homes Were Sold
At Asking

70 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Tacoma, you may be able to get a good deal. 42% of homes here sold below asking price last month.

Average Sale Time

Sep 2021Sep 2022%
12 Days27 Days+112.6%

Breakdown of Home Sale Times

180 Homes Were Sold
Under 30 Days

86 Homes Were Sold
In 30 - 90 Days

8 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Tacoma are selling fast, if you're buying plan to act quickly.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

About Tacoma, WA

Tacoma, WA has 878 homes for sale to choose from. In September 2022 in Tacoma, WA there were 2.6% less homes for sale than in August 2022. The median list price of listings available in September 2022 was $472,666, while the average time on the real estate market was 27 days. Real estate listing prices changed between August 2022 and September 2022: prices of 1 bedroom properties went up by 23.1%, the cost of 2 bedrooms properties went up by 19%, the cost of 3 bedrooms properties went up by 12.8%, prices of 4 bedrooms properties went up by 11.4%, 5 bedrooms properties prices increased by 10%. Housing inventory have changed in this real estate market: volume of 1 bedroom homes went up by 6.3%, the quantity of 2 bedrooms homes went down by 7.5%, 3 bedrooms homes inventory decreased by 1%, the quantity of 4 bedrooms homes went down by 9%, volume of 5 bedrooms homes went up by 18.8%. In September 2022, from all listings sold in Tacoma, WA there were more than 70 sold above asking price, over 115 sold below and more than 89 were sold right at the asked price.

Related Housing Market Reports