Market Intelligence · WA / Tacoma

Tacoma, WA 98404 Housing Market

The typical home value in Tacoma's 98404 ZIP code is $437,515, down 0.4% over the past year. Homes are listed at a median price of $475,000 and spend a median of 37 days on the market.

Updated August 2026Median value$438K

The median home value in Tacoma, WA 98404 is $438K as of August 2026, down 0.4% 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 98404 range

$403K to $473K

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

-0.4% over 12 months

Typical home value in 98404 over the last 12 months: $439K in Aug 2025 to $438K in Aug 2026 (-0.4%).

Aug 2025$439K

Aug 2026$438K

The numbers

What is the 98404 housing market like?

Typical home value

$438K

Down0.4%YoY

Median list price

$475K

Up0.3%MoM

Days on market

37

Down26.0%MoM

Homes for sale

88

Up39.7%MoM

Price cuts

24.5%

Up22.3%MoM

New listings

48

Up100.0%MoM

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

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The comparison

How do 98404 home prices compare?

  • 98404$437,515
  • Tacoma$524,457
  • Washington$500,124
  • United States$288,625

Median Zillow home value (ZHVI), as of August 2026. Comparison levels are medians across every ZIP code with Zillow data (Tacoma: 16 ZIPs; Washington: 485 ZIPs; United States: 26,265 ZIPs).

Context

There are 88 homes for sale in 98404, with 48 new listings added. The median list price is $475,000, above the typical home value of $437,515. Values are down 0.4% over the past year, and 24.5% of listings have taken a price cut. Homes are moving in a median of 37 days, so buyers have some room to negotiate. For a seller, realistic pricing matters more than it did a year ago.

Monthly payment

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20% · $87,503

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