Market Intelligence · WA / Tacoma

Tacoma, WA 98404 Housing Market

Typical home values in Tacoma's 98404 ZIP code stand at $431,078, down 0.6% over the past year. The median list price is $460,000, and homes are taking a median of 50 days to sell.

Updated September 2026Median value$431K

The median home value in Tacoma, WA 98404 is $431K as of September 2026, down 0.6% 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 98404 range

$397K to $466K

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

-0.6% over 12 months

Sep 2025$434K

Low $431KHigh $438K

Sep 2026$431K

The numbers

What is the 98404 housing market like?

As of September 2026

Typical home value

$431K

0.6%YoY

Median list price

$460K

3.2%MoM

Days on market

35.1%MoM

Homes for sale

1.1%MoM

Price cuts

28.5%

16.0%MoM

New listings

50.0%MoM

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

The outlook

98404 housing market forecast 2027

0.0%

Zillow forecast, 12 months to September 2027

Zillow forecasts typical home values in 98404 to stay roughly flat by September 2027 (no change).

Over the 12 months through September 2026, typical home values in 98404 fell 0.6%, per the Zillow Home Value Index.

Will home prices drop in 98404?

Zillow's forecast does not point to a meaningful drop: it expects typical home values in 98404 to stay roughly flat by September 2027 (no change), after a 0.6% decline 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 98404 home prices compare?

98404$431,078
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, there are 87 homes for sale in 98404, with 24 new listings added recently. The median asking price of $460,000 sits above the typical home value, and inventory is moving slowly at 50 median days on market. About 28.5% of listings have seen price reductions. For sellers, this is a market that requires realistic pricing and patience.

Monthly payment

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Home price

Down payment20% · $86,216

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Rate (%)

Common questions

What people ask us.

What is the typical home value in 98404?

The typical home value is $431,078, down 0.6% from a year ago.

How long do homes take to sell in this area?

Homes take a median of 50 days on market as of September 2026.

How many homes are currently for sale?

There are 87 homes for sale in 98404, with 24 new listings as of September 2026.

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