Market Intelligence · WA / Tacoma

Tacoma, WA 98405 Housing Market

The typical home value in Tacoma, WA 98405 is $455,615, up 0.2% over the past year. The median list price is $471,250, and homes spend a median of 55 days on the market.

Updated August 2026Median value$456K

The median home value in Tacoma, WA 98405 is $456K as of August 2026, up 0.2% 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 98405 range

$419K to $492K

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

+0.2% over 12 months

Typical home value in 98405 over the last 12 months: $455K in Aug 2025 to $456K in Aug 2026 (+0.2%).

Aug 2025$455K

Aug 2026$456K

The numbers

What is the 98405 housing market like?

Typical home value

$456K

Up0.2%YoY

Median list price

$471K

Up1.9%MoM

Days on market

55

Up19.6%MoM

Homes for sale

47

Down2.1%MoM

Price cuts

20.0%

Down8.1%MoM

New listings

20

Flat0.0%MoM

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

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The comparison

How do 98405 home prices compare?

  • 98405$455,615
  • 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

The market in 98405 is moving slowly, with a median of 55 days on market and 47 homes for sale. There were 20 new listings as of 2026-08-01, so fresh supply is coming on at a steady pace. The median list price of $471,250 sits above the typical home value of $455,615, and 20.0% of listings have taken a price cut. Values are nearly flat, up just 0.2% over the past year. For a seller, that means pricing right from the start matters more than testing the market high.

Monthly payment

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20% · $91,123

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