How much is a home in 98408 worth?

The typical home value in 98408 is $432,062 as of 2026-08-01, down 0.7% over the past year.

How long does it take to sell a home in 98408?

Homes in 98408 spend a median of 37 days on the market as of 2026-08-01.

Are sellers cutting prices in 98408?

Yes. As of 2026-08-01, 36.0% of listings in 98408 have had a price cut.

Market Intelligence · WA / Tacoma

Tacoma, WA 98408 Housing Market

The typical home value in Tacoma's 98408 ZIP code is $432,062, down 0.7% over the past year as of 2026-08-01. The median list price stands at $444,700, and homes are spending a median of 37 days on the market.

Updated August 2026Median value$432K

The median home value in Tacoma, WA 98408 is $432K as of August 2026, down 0.7% 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 98408 range

$397K to $467K

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

-0.7% over 12 months

Aug 2025$435K

Low $432KHigh $440K

Aug 2026$432K

The numbers

What is the 98408 housing market like?

As of August 2026

Typical home value

$432K

0.7%YoY

Median list price

$445K

1.2%MoM

Days on market

2.6%MoM

Homes for sale

6.1%MoM

Price cuts

36.0%

127.2%MoM

New listings

20.0%MoM

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

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The comparison

How do 98408 home prices compare?

98408$432,062
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 52 homes for sale in 98408 as of 2026-08-01, with 24 new listings added to that supply. The median list price of $444,700 sits above the typical home value of $432,062, which has slipped 0.7% over the past year. A median of 37 days on market suggests buyers are taking some time rather than rushing to make offers. Notably, 36.0% of listings have taken a price cut, a sign that some sellers started above what the market would pay. For a seller, the practical takeaway is that pricing accurately from day one matters more than it did when values were climbing.

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