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All market snapshots / 98404

Tacoma, WA 98404 Housing Market

Data snapshot: October 5, 2026. Closed-sale window: last 6 months.
Tacoma, WA inventory balance
Homes for sale vs homes under contract. Pending-to-active ratio: 0.09
ActiveActive listings: 5757PendingPending sales: 55
Tacoma, WA: what sellers ask vs what buyers pay
Median asking price of current listings vs median closed sale price over the last six months
AskingMedian asking price (current listings): $465k$465kSoldMedian sold price (last 6 months): $426k$426k
What homes actually sell for in Tacoma, WA
Distribution of 215 closed sale prices over the last six months (5th to 95th percentile). Middle half of sales: $335k to $503k
$225k to $285k: 21 sales$225k$285k to $345k: 25 sales$345k to $405k: 32 sales$345k$405k to $465k: 50 sales50sales$465k to $525k: 37 sales$465k$525k to $585k: 19 sales$585k to $645k: 4 sales$585k$645k to $705k: 6 salesMedian $426k

What the numbers say

As of October 5, 2026, Resideline is tracking 57 active listings and 5 pending sales in ZIP code 98404. That pending-to-active ratio of 0.09 points to a balanced market: buyers have room to compare options and negotiate.

The median asking price of current listings is $465,000, while the median of the 215 closed sales Resideline tracked over the last six months was $426,000. Those two figures describe different sets of homes, so any gap between them reflects the mix of what is listed now versus what recently sold, not a negotiating discount. Resideline has been seeing the median active listing in 98404 for 72 days.

Frequently asked questions

What is the median home price in 98404?

The median closed sale price in Tacoma, WA 98404 was $426,000 over the last six months, based on 215 closed sales tracked by Resideline. The middle half of those sales ranged from $335,000 to $503,000.

Is 98404 a buyer's or seller's market?

Resideline is currently tracking 5 pending sales against 57 active listings in 98404, a pending-to-active ratio of 0.09. Ratios of 0.6 or higher usually indicate a seller's market, 0.35 to 0.6 a competitive market, and lower values a more balanced one. By that yardstick, 98404 currently looks like a balanced market.

Nearby ZIP code market data

Full Tacoma, WA housing market report →

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