Market Intelligence · WA / Tacoma

Tacoma, WA 98406 Housing Market

Typical home value in 98406 stands at $603,708, up 0.9% over the past year. The median list price is $613,500, with homes spending a median 44 days on market as of September 2026.

Updated September 2026Median value$604K

The median home value in Tacoma, WA 98406 is $604K as of September 2026, up 0.9% 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 98406 range

$555K to $652K

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

+0.9% over 12 months

Sep 2025$598K

Low $598KHigh $607K

Sep 2026$604K

The numbers

What is the 98406 housing market like?

As of September 2026

Typical home value

$604K

0.9%YoY

Median list price

$614K

2.3%MoM

Days on market

22.2%MoM

Homes for sale

13.8%MoM

Price cuts

27.4%

85.9%MoM

New listings

27.3%MoM

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

The outlook

98406 housing market forecast 2027

-0.1%

Zillow forecast, 12 months to September 2027

Zillow forecasts typical home values in 98406 to stay roughly flat by September 2027 (down 0.1%).

Over the 12 months through September 2026, typical home values in 98406 rose 0.9%, per the Zillow Home Value Index.

Will home prices drop in 98406?

Zillow's forecast does not point to a meaningful drop: it expects typical home values in 98406 to stay roughly flat by September 2027 (down 0.1%), after a 0.9% rise 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 98406 home prices compare?

98406$603,708
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

The 98406 ZIP code has 66 homes for sale, with 32 new listings added in September 2026. About 27.4% of current listings have seen a price cut, suggesting some sellers are adjusting expectations. The median time homes spend on the market is 44 days, indicating a moderate pace of sales activity. While the typical home value has gained ground year-over-year, the prevalence of price reductions points to a market where realistic pricing matters more than ever for sellers.

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Down payment20% · $120,742

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Common questions

What people ask us.

What is the typical home value in 98406?

The typical home value in 98406 is $603,708, which has increased 0.9% over the past year.

How many homes are currently for sale in 98406?

There are 66 homes for sale as of September 2026, with 32 new listings in that month.

How long do homes typically stay on the market in 98406?

Homes in 98406 spend a median of 44 days on the market before selling.

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Nearby ZIP markets.

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