Market Intelligence · WA / Tacoma

Tacoma, WA 98406 Housing Market

The typical home value in Tacoma, WA 98406 is $612,361, up 1.0% over the past year. The median list price is $599,450, and homes are spending a median of 36 days on the market. There are 58 homes for sale.

Updated August 2026Median value$612K

The median home value in Tacoma, WA 98406 is $612K as of August 2026, up 1.0% 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 98406 range

$563K to $661K

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

+1.0% over 12 months

Typical home value in 98406 over the last 12 months: $606K in Aug 2025 to $612K in Aug 2026 (+1.0%).

Aug 2025$606K

Aug 2026$612K

The numbers

What is the 98406 housing market like?

Typical home value

$612K

Up1.0%YoY

Median list price

$599K

Down0.3%MoM

Days on market

36

Up5.9%MoM

Homes for sale

58

Up23.4%MoM

Price cuts

14.7%

Down40.2%MoM

New listings

44

Up29.4%MoM

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

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The comparison

How do 98406 home prices compare?

  • 98406$612,361
  • 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

In 98406, typical home values sit at $612,361 and have risen 1.0% over the past year, a modest pace of appreciation. The median list price of $599,450 runs below the typical value, suggesting sellers are pricing with some restraint. Homes move at a median of 36 days on market, and 44 new listings have come on against 58 total homes for sale. About 14.7% of listings have taken a price cut. For a seller, this is a stable but not overheated market, so accurate pricing matters more than ambition.

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20% · $122,472

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