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All market snapshots / 98406

Tacoma, WA 98406 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: 0.08
ActiveActive listings: 3838PendingPending 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): $615k$615kSoldMedian sold price (last 6 months): $620k$620k
What homes actually sell for in Tacoma, WA
Distribution of 189 closed sale prices over the last six months (5th to 95th percentile). Middle half of sales: $510k to $760k
$297k to $393k: 16 sales$297k$393k to $488k: 15 sales$488k to $584k: 39 sales$488k$584k to $680k: 43 sales43sales$680k to $775k: 22 sales$680k$775k to $871k: 20 sales$871k to $966k: 11 sales$871k$966k to $1.06M: 4 salesMedian $620k

What the numbers say

As of October 5, 2026, Resideline is tracking 38 active listings and 3 pending sales in ZIP code 98406. That pending-to-active ratio of 0.08 points to a balanced market: buyers have room to compare options and negotiate.

The median asking price of current listings is $615,000, while the median of the 189 closed sales Resideline tracked over the last six months was $620,000. 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 $620,000 over the last six months, based on 189 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 38 active listings in 98406, a pending-to-active ratio of 0.08. 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

Full Tacoma, WA housing market report →

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