How much is a home in 98407 worth?

The typical home value in 98407 is $626,240, up 1.3% over the past year.

How long does it take to sell a home in 98407?

Homes in this Tacoma ZIP are spending a median of 58 days on market.

Are sellers in 98407 cutting prices?

Yes, 31.6% of current listings have had a price cut, which suggests some initial asking prices were set above what buyers will pay.

Market Intelligence · WA / Tacoma

Tacoma, WA 98407 Housing Market

The typical home in Tacoma's 98407 ZIP code is worth $626,240, up 1.3% over the past year. Sellers are asking more than that, with a median list price of $699,999. Homes here are taking a median of 58 days to sell.

Updated August 2026Median value$626K

The median home value in Tacoma, WA 98407 is $626K as of August 2026, up 1.3% 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 98407 range

$576K to $676K

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

+1.3% over 12 months

Aug 2025$618K

Low $618KHigh $631K

Aug 2026$626K

The numbers

What is the 98407 housing market like?

As of August 2026

Typical home value

$626K

1.3%YoY

Median list price

$700K

6.7%MoM

Days on market

16.0%MoM

Homes for sale

2.5%MoM

Price cuts

31.6%

8.8%MoM

New listings

5.9%MoM

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

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The comparison

How do 98407 home prices compare?

98407$626,240
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

There are 82 homes for sale in 98407, and 32 new listings came on in the most recent period. The median list price sits at $699,999, above the typical home value of $626,240. Homes are spending a median of 58 days on market, which gives buyers time to compare options. Meanwhile, 31.6% of listings have taken a price cut, a sign that some sellers started too high. For anyone thinking about selling, realistic pricing from day one matters more than aiming high and adjusting later.

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