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
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
| 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.
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.