April 2024

Tacoma Housing Market Report Pierce County, Washington

Report Updated 10 Days Ago

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

Housing Market Conditions

Neutral
Market

Seller's
Market

Buyer's
Market

Difference Since April 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

$463,151

$311/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2023

+$4,944(+1.1%)

Key Takeaway

Homes in Tacoma have sold for 1.1% more than they did a year ago.

Summary: The median home sold price in Tacoma was $463,151 in April 2024, up 1.1% from last year, and the median price per square foot was $311.

Median Sold Price By Bedroom Count

# BEDS# BEDROOMS	Apr 2023	Apr 2024	CHANGE
1 Bedroom	$320K	$330K	+3.1%
2 Bedrooms	$380.7K	$384.9K	+1.1%
3 Bedrooms	$450K	$455.4K	+1.2%
4 Bedrooms	$535K	$539.9K	+0.9%
5+ Bedrooms	$645K	$600K	-7.0%

Summary: Tacoma housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 3.1%, 2 bedroom homes increased by 1.1%, 3 bedroom homes increased by 1.2%, 4 bedroom homes increased by 0.9%, and 5+ bedroom homes decreased by 7%.

Median Sold Price Compared To Nearby Cities

CITY	Apr 2023	Apr 2024	CHANGE
University Place	$627.5K	$639.7K	+1.9%
Fircrest	$608K	$615K	+1.2%
Tacoma	$458.2K	$463.1K	+1.1%
Fife	$535K	$494.9K	-7.5%

Housing Supply in Tacoma, WA

How many homes are available in Tacoma, WA?

Number of Homes For Sale

Mar 2024	Apr 2024	CHANGE
902	1,031	+14.3%

Summary: The Tacoma real estate market had 1,031 homes for sale in April 2024, a 14.3% increase compared to March 2024.

Homes For Sale By Bedroom Count

# BEDS# BEDROOMS	Mar 2024	Apr 2024	CHANGE
1 Bedroom	30	30	0.0%
2 Bedrooms	183	207	+13.1%
3 Bedrooms	401	459	+14.5%
4 Bedrooms	215	242	+12.6%
5+ Bedrooms	73	93	+27.4%

Summary: The Tacoma housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 13.1%, 3 bedroom homes increased by 14.5%, 4 bedroom homes increased by 12.6%, and 5+ bedroom homes increased by 27.4%.

Number of Homes Sold

Mar 2024	Apr 2024	CHANGE
273	293	+7.3%

Asking Price vs. Sold Price

78 Homes Were Sold
Under Asking

76 Homes Were Sold
At Asking

139 Homes Were Sold
Over Asking

Key Takeaway

If you're buying a home in Tacoma, you could pay more than the asking price. 47.4% of homes here sold above asking price last month.

Summary: A total of 293 homes were sold or pending in Tacoma in April 2024, up by 7.3% month-over-month. Of the 293 sold homes, 27% were sold under asking, 26% were sold at asking, and 47% 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

Apr 2023	Apr 2024	CHANGE
27 Days	33 Days	+19.9%

Summary: Homes in Tacoma had an average of 33 days on market in Apr 2024, up by 19.9% compared to last year.

Breakdown of Home Sale Times

225 Homes Were Sold
Under 30 Days

33 Homes Were Sold
In 30 - 90 Days

35 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 April 2024, 293 homes were sold in Tacoma; 77% of homes were sold within 30 days, 11% of homes were sold within 30 to 90 days, and 12% 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 10 Days Ago

Local real estate agents are ready to help you find a home here.

Connect With An Agent

Sell your home with an expert or get the job done on your own.

Sell My Home

Get a customizable mortgage solution based on today's rates.

Get Approved

Newest Listings in Tacoma, WA

What homes are available in Tacoma, WA?

See More Listings

$634,900

$7,539 Closing Credit

1,966 SqFt

1714 66th Avenue Ct NE, Tacoma WA, 98422

Ryan Rockwell

Listing Office:

COMPASS

3D Tour

$724,950

$8,609 Closing Credit

1,843 SqFt

3820 N 22nd St, Tacoma WA, 98406

Lori DeVore

Listing Office:

Realogics Sotheby's Int'l Rlty

2 bedrooms, 1 full bath, 1 partial house for sale

$369,950

$4,393 Closing Credit

1 Full, 1 Partial

1,280 SqFt

5959 S 12th # 134, Tacoma WA, 98465

Karen Cochrane

Listing Office:

eXp Realty

3 bedrooms, 1 full bath, 1 partial house for sale

$475,000

$5,641 Closing Credit

1 Full, 1 Partial

1,474 SqFt

10016 Patterson St S, Tacoma WA, 98444

Gretta Graves

Listing Office:

COMPASS

$449,000

$5,332 Closing Credit

1,015 SqFt

1755 S 42nd St, Tacoma WA, 98418

Patrick Cruz

Listing Office:

Skyline Properties, Inc.

4 bedrooms, 2 full baths, 1 partial house for sale

$1,850,000

$10,000 Closing Credit

2 Full, 1 Partial

3,882 SqFt

602 N G St, Tacoma WA, 98403

Jamie Hammontree

Listing Office:

Better Properties N. Proctor

$700,000

$8,313 Closing Credit

2,464 SqFt

1515 N Cedar St, Tacoma WA, 98406

Joyce Spitzbart

Listing Office:

Windermere Professional Prtnrs

$1,650,000

$10,000 Closing Credit

3,600 SqFt

600 Hi Ab La Pl NE, Tacoma WA, 98422

David Joiner

Listing Office:

Triwood Realty

$525,000

$6,234 Closing Credit

1,885 SqFt

2416 N Huson St, Tacoma WA, 98406

Amy Virago

Listing Office:

Keller Williams Realty

$385,000

$4,572 Closing Credit

869 SqFt

1408 119th St S, Tacoma WA, 98444

Dawn Turnipseed

Listing Office:

Keller Williams Realty PS

$379,950

$4,512 Closing Credit

1,011 SqFt

5801 E Portland Ave, Tacoma WA, 98404

Jim Dierst

Listing Office:

John L. Scott, Inc.

7 bedrooms, 1 full bath, 1 partial house for sale

$465,000

$5,522 Closing Credit

1 Full, 1 Partial

2,166 SqFt

3601 E I St, Tacoma WA, 98404

Isaac Schaefer

Listing Office:

Realty One Group Turn Key

Nearby Markets to Tacoma, WA

What housing markets are near Tacoma, WA?

MLS Disclaimers and Copyright

Based on information from Northwest Multiple Listing Service, and Regional Multiple Listing Service for the period 05/01/2022 - 05/01/2024

IDX Listings courtesy of Northwest Multiple Listing Service as distributed by MLS GRID.

All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

IDX 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.

DMCA Notice

Disclaimer: The information contained in this listing has not been verified by Rocket Homes Real Estate, LLC and should be verified by the buyer. All information deemed reliable but not guaranteed and should be independently verified through personal inspection by and/or with the appropriate professionals. All properties are subject to prior sale, change or withdrawal. Neither broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The information on this web site is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Days on site is calculated from the listing date of the current listing and includes the sum of market time from prior listings for the same property uninterrupted by a sale or more than 60 days off-market. Time off market, including time when a sale is pending, temporarily off market, etc. is not included.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 5/10/2024, 9:17:32 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

IDX 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.

The information on this web site is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. We are not responsible or liable for misinformation, misprints, or typographical errors. All information provided is deemed reliable but is not guaranteed and should be independently verified through personal inspection by and/or with the appropriate professionals. Properties subject to prior sale, change, withdrawal or rental. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 5/10/2024, 9:20:36 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.