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

Housing Market Conditions



Gauge showing Tacoma is a seller'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



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

# BEDSMar 2023Mar 2024CHANGE
1 $325K$330K
2 $389.8K$380K
3 $459.7K$450K
4 $544.1K$533.8K
5+ $675K$599.9K

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

University Place

Housing Supply in Tacoma, WA

How many homes are available in Tacoma, WA?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE

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

# BEDSFeb 2024Mar 2024CHANGE
1 3437
2 161182
3 365385
4 197218
5+ 6071

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 2024Mar 2024CHANGE

Asking Price vs. Sold Price

63 Homes Were Sold
Under Asking

69 Homes Were Sold
At Asking

125 Homes Were Sold
Over Asking

Asking vs Sold - buyer

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 2023Mar 2024CHANGE
39 Days33 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

Breakdown of Home Sale Times

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.

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

Report Updated 18 Days Ago

Newest Listings in Tacoma, WA

Nearby Markets to Tacoma, WA

What housing markets are near Tacoma, WA?