Market Intelligence · WA / Tacoma

Tacoma, WA 98407 Housing Market

The typical home value in Tacoma 98407 is $639,646, up 0.3% over the past year. The median list price stands at $776,250, with homes taking a median of 41 days to sell.

Updated June 2026Median value$640K

The median home value in Tacoma, WA 98407 is $640K as of June 2026, up 0.3% 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

$588K to $691K

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

+0.3% over 12 months

Typical home value in 98407 over the last 12 months: $638K in Jun 2025 to $640K in Jun 2026 (+0.3%).

Jun 2025$638K

Jun 2026$640K

The numbers

What is the 98407 housing market like?

Typical home value

$640K

Up0.3%YoY

Median list price

$776K

Days on market

41

Up272.7%MoM

Homes for sale

76

Price cuts

25.0%

New listings

38

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

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The comparison

How do 98407 home prices compare?

  • 98407$639,646
  • 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

Tacoma 98407 has 76 homes for sale with 38 new listings as of June 2026. The median days on market of 41 suggests a moderately paced market where homes aren't moving quickly. About one-quarter of listings, specifically 25.0%, have seen a price cut, which indicates some seller flexibility. The minimal year-over-year appreciation of 0.3% reflects a market that has flattened considerably. For sellers, this means pricing competitively and being prepared to negotiate.

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20% · $127,929

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