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All market snapshots / 98406

Tacoma, WA 98406 Housing Market

Data snapshot: September 14, 2026. Closed-sale window: last 6 months.
Tacoma, WA inventory balance
Homes for sale vs homes under contract. Pending-to-active ratio: 0.10
ActiveActive listings: 3131PendingPending sales: 33
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): $475k$475kSoldMedian sold price (last 6 months): $615k$615k
What homes actually sell for in Tacoma, WA
Distribution of 172 closed sale prices over the last six months (5th to 95th percentile). Middle half of sales: $510k to $760k
$300k to $393k: 15 sales$300k$393k to $486k: 16 sales$486k to $579k: 30 sales$486k$579k to $672k: 42 sales42sales$672k to $766k: 20 sales$672k$766k to $859k: 19 sales$859k to $952k: 11 sales$859k$952k to $1.04M: 2 salesMedian $615k

What the numbers say

As of September 14, 2026, Resideline is tracking 31 active listings and 3 pending sales in ZIP code 98406. That pending-to-active ratio of 0.10 points to a balanced market: buyers have room to compare options and negotiate.

The median asking price of current listings is $475,000, while the median of the 172 closed sales Resideline tracked over the last six months was $615,000. 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 98406 for 60 days.

Frequently asked questions

What is the median home price in 98406?

The median closed sale price in Tacoma, WA 98406 was $615,000 over the last six months, based on 172 closed sales tracked by Resideline. The middle half of those sales ranged from $510,000 to $760,000.

Is 98406 a buyer's or seller's market?

Resideline is currently tracking 3 pending sales against 31 active listings in 98406, a pending-to-active ratio of 0.10. 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, 98406 currently looks like a balanced market.

Nearby ZIP code market data

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