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All market snapshots / 98408

Tacoma, WA 98408 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: 0.03
ActiveActive listings: 3737PendingPending sales: 11
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): $430k$430kSoldMedian sold price (last 6 months): $437k$437k
What homes actually sell for in Tacoma, WA
Distribution of 178 closed sale prices over the last six months (5th to 95th percentile). Middle half of sales: $376k to $495k
$264k to $301k: 9 sales$264k$301k to $338k: 8 sales$338k to $375k: 16 sales$338k$375k to $412k: 27 sales$412k to $449k: 29 sales$412k$449k to $486k: 32 sales32sales$486k to $523k: 17 sales$486k$523k to $560k: 22 salesMedian $437k

What the numbers say

As of October 5, 2026, Resideline is tracking 37 active listings and 1 pending sales in ZIP code 98408. That pending-to-active ratio of 0.03 points to a balanced market: buyers have room to compare options and negotiate.

The median asking price of current listings is $429,900, while the median of the 178 closed sales Resideline tracked over the last six months was $436,600. 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 98408 for 64 days.

Frequently asked questions

What is the median home price in 98408?

The median closed sale price in Tacoma, WA 98408 was $436,600 over the last six months, based on 178 closed sales tracked by Resideline. The middle half of those sales ranged from $375,500 to $494,950.

Is 98408 a buyer's or seller's market?

Resideline is currently tracking 1 pending sales against 37 active listings in 98408, a pending-to-active ratio of 0.03. 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, 98408 currently looks like a balanced market.

Nearby ZIP code market data

Full Tacoma, WA housing market report →

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