Market Intelligence · WA / Tacoma

Tacoma, WA 98402 Housing Market

The typical home value in 98402 is $427,574, down 5.6% over the past year. The median list price stands at $424,975, with homes spending a median of 67 days on market.

Updated June 2026Median value$428K

The median home value in Tacoma, WA 98402 is $428K as of June 2026, down 5.6% year over year, according to Zillow ZHVI. Get your own home's value and a real cash offer in about two minutes, with sources shown and no obligation.

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Typical 98402 range

$393K to $462K

This is an automated estimate, not an appraisal. Actual value is determined by current market conditions and professional evaluation. It is provided for informational purposes only and is not an offer to buy or a promise of value.

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12-month value trend

-5.6% over 12 months

Typical home value in 98402 over the last 12 months: $453K in Jun 2025 to $428K in Jun 2026 (-5.6%).

Jun 2025$453K

Jun 2026$428K

The numbers

What is the 98402 housing market like?

Typical home value

$428K

Down5.6%YoY

Median list price

$425K

Days on market

67

Up109.4%MoM

Homes for sale

20

Price cuts

31.3%

New listings

4

Sources · Zillow ZHVI (June 2026) / Realtor.com (June 2026) / FRED (July 2026)

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The comparison

How do 98402 home prices compare?

  • 98402$427,574
  • Tacoma$532,487
  • Washington$508,607
  • United States$291,471

Median Zillow home value (ZHVI), as of June 2026. Comparison levels are medians across every ZIP code with Zillow data (Tacoma: 16 ZIPs; Washington: 485 ZIPs; United States: 26,270 ZIPs).

Context

Tacoma's 98402 ZIP currently has 20 homes for sale, with only 4 new listings as of early June 2026. The median asking price of $424,975 aligns closely with the typical home value, but the market is showing signs of softness. About 31.3% of listings have had their prices cut, and the 67-day median time on market suggests buyers are in no rush. For sellers, this is a buyer-favorable environment where pricing strategy matters more than it did a year ago.

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