Market Intelligence · WA / Tacoma

Tacoma, WA 98405 Housing Market

Homes in Tacoma 98405 are worth a typical $467,410, down 0.1% over the past year. The median list price stands at $487,000, with homes staying on market for a median of 42 days.

Updated June 2026Median value$467K

The median home value in Tacoma, WA 98405 is $467K as of June 2026, down 0.1% 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

$430K to $505K

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

-0.1% over 12 months

Typical home value in 98405 over the last 12 months: $468K in Jun 2025 to $467K in Jun 2026 (-0.1%).

Jun 2025$468K

Jun 2026$467K

The numbers

What is the 98405 housing market like?

Typical home value

$467K

Down0.1%YoY

Median list price

$487K

Days on market

42

Up300.0%MoM

Homes for sale

50

Price cuts

26.3%

New listings

34

Sources · Zillow ZHVI (June 2026) / Realtor.com (June 2026) / FRED (July 2026)

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The comparison

How do 98405 home prices compare?

  • 98405$467,410
  • Tacoma$532,487
  • Washington$508,607
  • United States$291,471

Median Zillow home value (ZHVI), as of June 2026. Comparison levels are medians across every ZIP code with Zillow data (Tacoma: 16 ZIPs; Washington: 485 ZIPs; United States: 26,270 ZIPs).

Context

The ZIP has 50 homes for sale with 34 new listings as of early June. The market shows modest softness: over one-quarter of listings have seen a price cut. Days on market at 42 is neither particularly fast nor slow for the area. For sellers, this suggests pricing strategically from the start and being realistic about what the local market will bear.

Monthly payment

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20% · $93,482

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