Market Intelligence · WA / Tacoma

Tacoma, WA 98407 Housing Market

The typical home value in Tacoma's 98407 ZIP is $616,901, up 1.2% over the past year. The median list price stands at $739,750, with homes taking 60 days on the market as of September 2026.

Updated September 2026Median value$617K

The median home value in Tacoma, WA 98407 is $617K as of September 2026, up 1.2% 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 98407 range

$568K to $666K

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

+1.2% over 12 months

Sep 2025$609K

Low $609KHigh $621K

Sep 2026$617K

The numbers

What is the 98407 housing market like?

As of September 2026

Typical home value

$617K

1.2%YoY

Median list price

$740K

5.7%MoM

Days on market

3.4%MoM

Homes for sale

6.1%MoM

Price cuts

31.2%

1.5%MoM

New listings

25.0%MoM

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

The outlook

98407 housing market forecast 2027

+0.1%

Zillow forecast, 12 months to September 2027

Zillow forecasts typical home values in 98407 to stay roughly flat by September 2027 (up 0.1%).

Over the 12 months through September 2026, typical home values in 98407 rose 1.2%, per the Zillow Home Value Index.

Will home prices drop in 98407?

Zillow's forecast does not point to a meaningful drop: it expects typical home values in 98407 to stay roughly flat by September 2027 (up 0.1%), after a 1.2% 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 98407 home prices compare?

98407$616,901
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 77 homes for sale in 98407, with 24 new listings added recently. The median days on market of 60 suggests a measured pace rather than urgent demand. Notably, 31.2% of listings carry a price cut, which often signals seller adjustment to local market conditions. For homeowners weighing a sale, the modest 1.2% year-over-year appreciation combined with the prevalence of price reductions suggests this is a balanced market that rewards realistic pricing.

Monthly payment

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Home price

Down payment20% · $123,380

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Common questions

What people ask us.

What is the typical home value in 98407?

The typical home value is $616,901, up 1.2% over the past year as of September 2026.

How many homes are currently listed for sale?

There are 77 homes for sale in 98407 as of September 2026, with 24 new listings added recently.

How long do homes typically stay on the market?

The median days on market is 60 as of September 2026.

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