Is Tacoma, WA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 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
$459,571
$309/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Tacoma have sold for 0.6% less than they did a year ago.
Summary: The median home sold price in Tacoma was $459,571 in March 2024, down 0.6% from last year, and the median price per square foot was $309.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $325K | $330K | +1.5% |
| 2 Bedrooms | $389.8K | $380K | -2.5% |
| 3 Bedrooms | $459.7K | $450K | -2.1% |
| 4 Bedrooms | $544.1K | $533.8K | -1.9% |
| 5+ Bedrooms | $675K | $599.9K | -11.1% |
Summary: Tacoma housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 1.5%, 2 bedroom homes decreased by 2.5%, 3 bedroom homes decreased by 2.1%, 4 bedroom homes decreased by 1.9%, and 5+ bedroom homes decreased by 11.1%.
Median Sold Price Compared To Nearby Cities
| Tacoma | $462.2K | $459.5K | -0.6% |
| Fircrest | $612.5K | $608.7K | -0.6% |
| University Place | $642.8K | $635K | -1.2% |
| Fife | $535K | $475.5K | -11.1% |
Housing Supply in Tacoma, WA
How many homes are available in Tacoma, WA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 817 | 893 | +9.3% |
Summary: The Tacoma real estate market had 893 homes for sale in March 2024, a 9.3% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 34 | 37 | +8.8% |
| 2 Bedrooms | 161 | 182 | +13.0% |
| 3 Bedrooms | 365 | 385 | +5.5% |
| 4 Bedrooms | 197 | 218 | +10.7% |
| 5+ Bedrooms | 60 | 71 | +18.3% |
Summary: The Tacoma housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 8.8%, 2 bedroom homes increased by 13%, 3 bedroom homes increased by 5.5%, 4 bedroom homes increased by 10.7%, and 5+ bedroom homes increased by 18.3%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 247 | 257 | +4.0% |
Asking Price vs. Sold Price
63 Homes Were Sold
Under Asking
69 Homes Were Sold
At Asking
125 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Tacoma, you could pay more than the asking price. 48.6% of homes here sold above asking price last month.
Summary: A total of 257 homes were sold or pending in Tacoma in March 2024, up by 4.0% month-over-month. Of the 257 sold homes, 25% were sold under asking, 27% were sold at asking, and 49% 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
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 39 Days | 33 Days | -15.3% |
Summary: Homes in Tacoma had an average of 33 days on market in Mar 2024, down by 15.3% compared to last year.
Breakdown of Home Sale Times
183 Homes Were Sold
Under 30 Days
41 Homes Were Sold
In 30 - 90 Days
33 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 March 2024, 257 homes were sold in Tacoma; 71% of homes were sold within 30 days, 16% of homes were sold within 30 to 90 days, and 13% 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.