Market Intelligence · WA / Tacoma

Tacoma, WA 98408 Housing Market

Homes in 98408 have a typical value of $427,565, down 0.6% over the past year. The median list price stands at $438,675, with homes spending a median of 45 days on market as of September 2026.

Updated September 2026Median value$428K

The median home value in Tacoma, WA 98408 is $428K as of September 2026, down 0.6% 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 98408 range

$393K to $462K

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

-0.6% over 12 months

Sep 2025$430K

Low $427KHigh $435K

Sep 2026$428K

The numbers

What is the 98408 housing market like?

As of September 2026

Typical home value

$428K

0.6%YoY

Median list price

$439K

1.4%MoM

Days on market

21.6%MoM

Homes for sale

17.3%MoM

Price cuts

32.2%

10.5%MoM

New listings

0.0%MoM

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

The outlook

98408 housing market forecast 2027

+0.3%

Zillow forecast, 12 months to September 2027

Zillow forecasts typical home values in 98408 to stay roughly flat by September 2027 (up 0.3%).

Over the 12 months through September 2026, typical home values in 98408 fell 0.6%, per the Zillow Home Value Index.

Will home prices drop in 98408?

Zillow's forecast does not point to a meaningful drop: it expects typical home values in 98408 to stay roughly flat by September 2027 (up 0.3%), after a 0.6% decline 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 98408 home prices compare?

98408$427,565
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 98408 market shows modest inventory, with 61 homes for sale and 24 new listings as of September 2026. The median list price of $438,675 sits slightly above the typical home value of $427,565. At 45 days median on market, homes are taking time to move. Nearly one-third of all listings, at 32.2%, have seen price cuts. For sellers, this suggests a market where pricing strategy and property condition matter more than they did a year ago.

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Home price

Down payment20% · $85,513

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Common questions

What people ask us.

What is the typical home value in 98408?

The typical home value in 98408 is $427,565, down 0.6% over the past year as of September 2026.

How many homes are currently for sale in 98408?

As of September 2026, there are 61 homes for sale in 98408, with 24 new listings during that period.

How long do homes typically stay on the market in 98408?

The median days on market in 98408 is 45 days as of September 2026.

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Nearby ZIP markets.

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