Market Intelligence · WA / Tacoma

Tacoma, WA 98405 Housing Market

The typical home value in Tacoma's 98405 ZIP code is $448,600, which has remained flat over the past year. The median list price stands at $465,000, with homes spending a median of 50 days on market as of September 2026.

Updated September 2026Median value$449K

The median home value in Tacoma, WA 98405 is $449K as of September 2026, little changed 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.

Sell without the wait

Sell your Tacoma home for cash.

A competitive, no-obligation cash offer from our institutional network. No repairs, no showings, close on your timeline. Most sellers get their cash offer within 24 hours.

Typical 98405 range

$413K to $484K

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.

Not sure cash is the right move? Discuss your options with a licensed local pro, free.

Asset monitoring

Track your home's value.

A free monthly briefing with your estimated value and 98405 market stats. Unsubscribe anytime.

See how a cash offer works citywide: Sell your house fast in Tacoma, WA.

12-month value trend

-0.0% over 12 months

Sep 2025$449K

Low $449KHigh $456K

Sep 2026$449K

The numbers

What is the 98405 housing market like?

As of September 2026

Typical home value

$449K

0.0%YoY

Median list price

$465K

1.3%MoM

Days on market

9.1%MoM

Homes for sale

10.6%MoM

Price cuts

16.2%

19.0%MoM

New listings

20.0%MoM

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

The outlook

98405 housing market forecast 2027

-0.1%

Zillow forecast, 12 months to September 2027

Zillow forecasts typical home values in 98405 to stay roughly flat by September 2027 (down 0.1%).

Over the 12 months through September 2026, typical home values in 98405 held essentially flat, per the Zillow Home Value Index.

Will home prices drop in 98405?

Zillow's forecast does not point to a meaningful drop: it expects typical home values in 98405 to stay roughly flat by September 2027 (down 0.1%), after a flat 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.

Free home value report

See what your 98405 home is worth.

See your estimated value and a real cash offer, side by side. No obligation, about a minute.

The comparison

How do 98405 home prices compare?

98405$448,600
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 52 homes for sale in 98405, with 24 new listings added recently. The median days on market of 50 suggests moderate buyer interest, though 16.2% of listings have seen price cuts. The flat year-over-year trend in typical home value reflects a market that is neither accelerating nor declining sharply. For sellers, this means pricing strategy and presentation matter more than waiting for appreciation.

Monthly payment

Estimate your monthly payment.

Home price

Down payment20% · $89,720

Term

Rate (%)

Common questions

What people ask us.

What is the typical home value in 98405?

The typical home value in Tacoma's 98405 ZIP code is $448,600, unchanged over the past year as of September 2026.

How long do homes typically stay on market here?

Homes in 98405 spend a median of 50 days on market, indicating moderate activity for the area.

Are there price cuts happening in 98405?

Yes, 16.2% of active listings have seen price reductions, suggesting sellers are adjusting to current market conditions.

Discover

Nearby ZIP markets.

Keep reading