Market Intelligence · WA / Tacoma

Tacoma, WA 98403 Housing Market

The typical home value in Tacoma's 98403 ZIP is $700,321, up 0.3% over the past year. The median list price stands at $734,475, with homes taking a median 59 days to sell.

Updated September 2026Median value$700K

The median home value in Tacoma, WA 98403 is $700K as of September 2026, up 0.3% year over year, according to Zillow ZHVI. For a read on your own home, start with a free consultation: a licensed local pro will walk you through your numbers and your options, with no obligation.

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Typical 98403 range

$644K to $756K

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

+0.3% over 12 months

Sep 2025$698K

Low $698KHigh $704K

Sep 2026$700K

The numbers

What is the 98403 housing market like?

As of September 2026

Typical home value

$700K

0.3%YoY

Median list price

$734K

8.8%MoM

Days on market

1.7%MoM

Homes for sale

8.3%MoM

Price cuts

15.0%

48.8%MoM

New listings

33.3%MoM

Sources · Zillow ZHVI (September 2026) / Realtor.com (September 2026) / FRED (October 2026)

The outlook

98403 housing market forecast 2027

-0.1%

Zillow forecast, 12 months to September 2027

Zillow forecasts typical home values in 98403 to stay roughly flat by September 2027 (down 0.1%).

Over the 12 months through September 2026, typical home values in 98403 rose 0.3%, per the Zillow Home Value Index.

Will home prices drop in 98403?

Zillow's forecast does not point to a meaningful drop: it expects typical home values in 98403 to stay roughly flat by September 2027 (down 0.1%), after a 0.3% rise over the past 12 months. Forecasts are not guarantees: mortgage rates, inventory, and the wider economy can move values either way.

Forecast: Zillow Home Value Forecast, published October 2026. A forecast, not a guarantee.

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The comparison

How do 98403 home prices compare?

98403$700,321
Tacoma$518,892
Washington$496,668
United States$285,347

Median Zillow home value (ZHVI), as of September 2026. Comparison levels are medians across every ZIP code with Zillow data (Tacoma: 16 ZIPs; Washington: 485 ZIPs; United States: 26,262 ZIPs).

Context

As of September 2026, 22 homes are for sale in this area, with 8 new listings added recently. The median time on market of 59 days suggests moderate buyer interest. A notable detail: 15.0% of listings have seen a price cut, which often signals a cooling period even as values edge upward. For sellers, this means pricing competitively and being realistic about current buyer appetite will matter more than waiting for momentum.

Monthly payment

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Home price

Down payment20% · $140,064

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Common questions

What people ask us.

What is the typical home value in 98403?

The typical home value is $700,321, which has increased 0.3% over the past year.

How long do homes stay on the market here?

The median days on market is 59 days as of September 2026.

Are home prices dropping in 98403?

15.0% of listings have received a price cut, indicating some seller adjustment to market conditions.

Discover

Nearby ZIP markets.

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