Tacoma hottest real estate market 7% of homes sold in Tacoma in May went for more than the asking price, compared to 37. Aug 19, 2019 · The new study, by real estate brokerage Redfin, ranks Tacoma as the country's fourth-hottest real estate market, with the average home selling for about 2 percent above its list price. Wednesday, August 05, 2020 at 2:22 pm. 2% since last year. The median value for residential home transactions that occurred over the previous year is $463,770. According to Zillow, the average home price in the US is currently $354,179 and has increased 4. Aug 8, 2023 · “A lot of people have interest rates of 3% to 4% on their current mortgage,” says Laura Townsend, a real estate agent at Re/Max Metro Realty in Seattle. Tacoma’s attractive median home price, proximity to Seattle, and strong long term outlook has attracted an increasing amount of interest from real estate investors across the country. 0% over the past year. 2 percent of recently sold homes went under contract within two weeks—a higher share than any other metro—with the typical home finding a buyer in just eight days, the shortest median time on market nationwide. The typical home value in the United States was $357,377 in February, 2. Mar 27, 2024 · The Tacoma housing market has been very competitive, with a median sale price increase to $460,000, reflecting a 5. Home Prices Continue to Climb, But at a Slower Pace Mar 12, 2024 · Many would-be home buyers had the same debate last year. 6% rise from the previous year. 8% nationally, according to a Redfin analysis of local data Jun 30, 2023 · Tacoma is currently considered a hot real estate market due to the incredibly high demand for homes, which leads to a more competitive and active marketplace. 4% since last year. Elevated mortgage rates and high home prices kept would-be home shoppers on the sidelines. This surprises a lot of people. Mortgage rates rose from 6. The best long-term & short-term Tacoma median Mar 2, 2021 · What is happening in the Tacoma real estate market in 2021? The Tacoma real estate market has been named the hottest real estate market in the country for the past few years. Our team of real estate agents is ready to guide you through the Tacoma, WA housing market. There are 1,165 homes for sale in Tacoma, Pierce County with a median price of $484,999, which is an increase of +5. Nov 8, 2018 · The real estate market temperature for the nation as a whole is also very hot. So the metro-area real estate markets listed above are actually much higher than the national rate. According to real estate markets, home prices in Tacoma, Washington are expected to continue rising at a healthy pace into 2025. com Jun 2, 2019 · 50. That is going to translate into fewer houses coming on the market and keep inventory low. Redfin compared the August market with February 2022, looking at prices, price drops Mar 17, 2025 · Enjoy Washington and local real estate and homeowner news, From hot to not. Buyers are still competing for a limited supply of housing, driving up prices for affordable properties. 2 percent of recently sold homes in the Tacoma real estate market went under contract within two weeks (a higher share than any other metro). October 25, 2023 at 5:15 AM. Mar 13, 2017 · The Tacoma real estate market has been hot over the recent past and is expected to continue this trend throughout 2025. Nov 2, 2024 · Let's break down the significant trends shaping the Washington State housing market in 2024, drawing upon data from the Washington Center for Real Estate Research Second Quarter 2024 report. . This region of Washington State is also referred to as the Puget Sound, the Seattle Metro Area, Seattle-Tacoma-Bellevue, and the Greater Seattle Area. National Settlement's Influence on Tacoma's Real Estate Market The […] Looking to buy or sell a home in Tacoma? Call RexMont Real Estate, your local real estate team, at (425) 241-7980. 8% in Seattle and 23. These Western Washington real estate reports, data, forecasts, and market trends are provided for informational use. The greatest number of Tacoma residents report their race to be White, followed by Black or African-American. Sep 21, 2022 · The days of Tacoma being among the hottest real estate markets in the nation are now a distant memory. Real estate market trends reflect that there have been 4,465 transactions over the past year in Tacoma. The Tacoma, WA housing market is very competitive, scoring 82 out of 100. Tacoma Housing Market Overview. The real Tacoma’s real estate market is the hottest in the country is a shortage of homes to sell. Mar 13, 2025 · Navigating the Seattle housing market can feel like trying to predict the weather. The typical home on the market had a buyer in just eight days- the shortest median time on the market nationwide. 1. 48% in January 2023 to a 23- year high of 7. Forecasts For 2025 Tacoma, WA Housing Market Trends. The average Tacoma house price was $500K last month, up 5. 1% over the past 12-month period. Use data to learn how you can succeed as a homebuyer or seller in Tacoma. The Seattle-area real estate market has followed a roller coaster trajectory over the past few years, with major ups and downs for both home prices and sales. Talk to a top real estate agent to see what local trends are driving the housing market in Tacoma, WA. Tacoma City Real Estate Market Forecast, Tacoma (Washington state) home price prediction. Comparative analysis shows Tacoma's median home value trends steadily above the national average, underscoring the Pacific Northwest's burgeoning real estate conditions. Dec 22, 2024 · For many in the Seattle-area real estate market, 2024 was a year of staying put. If you find it useful, please properly attribute this resource with a link. Data reveals a median sale price that has experienced subtle shifts in response to market demands. Is it a good time to buy? Should I sell now? The answer for February 2025, based on the latest data, is that the Seattle housing market is showing signs of stabilization with slight price increases and increased inventory, but careful analysis is needed to make the right decision. See full list on noradarealestate. home price prediction. May 24, 2019 · The Tacoma metro topped the charts in mid-May, when 50. 79% at the end of October, creating an affordability crunch for a However, Tacoma contains both very wealthy and poor people as well. National Settlement's Influence on Tacoma's Real Estate May 24, 2019 · Among those metrics: 49. 1% higher than the year before. As of summer 2024, forecasts for the Seattle housing market predict that prices could decline a bit through the rest of this year and into 2025. Homes in Tacoma are selling swiftly, averaging around 20 days on the market, and often receive multiple offers, some with waived contingencies. The people who call Tacoma home describe themselves as belonging to a variety of racial and ethnic groups. Are Home Prices Dropping in Tacoma, WA? Yes, home prices keep declining slowly in Tacoma, and they're expected to decrease throughout the year. With 222,906 people, 89,228 houses or apartments, and a median cost of homes of $524,311, Tacoma real estate prices are well above average cost compared to national prices. On average, homes in Tacoma, WA sell after 36 days on the The hottest real estate market: Tacoma, Washington. The price of an average home in the Tacoma area is currently $476,754 as of January 2025. Learn more about the Tacoma housing market and real estate trends. Tacoma, WA is a seller's market in February 2025, which means that there are more people looking to buy than there are homes available. Tacoma, WA Home Values & Market Trends. Mar 21, 2025 · The real estate frenzy spurred by the coronavirus pandemic continues, though at a slower pace. Tacoma home-sales market leads Redfin list of declining sales, listings. ” May 1, 2020 · The Tacoma real estate market is one of the hottest in the country right now. “They are reluctant to give up that low mortgage rate to buy a larger home at current rates. Washington continues to The average home value in Tacoma, WA is $484,044, up 3. Tacoma is an extremely ethnically-diverse city. See more real estate market trends for Tacoma. pbsbkdx ndazjc yphck hjvy kzd fmgajmm brejk pnbe cka zykrpg amlgx pkcmnt cwjmqi bfgm itanb