Stay ahead with market trends and local insights that matter.
Home prices are trending down by 1% year-over-year, with a median list price of $650,000 and a median sale price of $650,000. Properties sell at an average of $753,611, typically spending 61 days on the market.
Location
98407, Tacoma, WA
Date
06-01-2023
Avg Sale Price
$650,000
The market remains active with a price ratio of 1%, indicating a strong buyer interest. A total of 319 homes were sold with 67 properties undergoing price cuts. Leverage these insights to assess market conditions and plan your next move.
Location
98407, Tacoma, WA
Date
06-01-2023
Price Ratio
99%
Choosing the right school is crucial for your child's education. Compare ratings, distance, and academic offerings across elementary, middle and high schools to make a well-informed decision.
No schools available
Truman Middle School
6 to 8
Ratings
D
Mason Middle School
6 to 8
Ratings
B-
Science and Math Institute
9 to 12
Ratings
A-
Weather plays a crucial role in real estate decisions. Consider environmental factors like flood risks, wildfire hazards, extreme heat, and other climate conditions for a well-informed choice.
Population dynamics, income levels, and employment patterns are key indicators of real estate demand and future growth. Use these insights to make well-informed decisions.
With a steadily growing population, the area offers a vibrant community atmosphere. Current data indicates a population increase of 9% since 2010, reflecting rising demand for housing and local amenities. This trend highlights the area's potential for continued development and long-term residential appeal.
Average Age is 44 Years
The area's household landscape is diverse, with 66% owner-occupied homes and 34% renter-occupied properties. Family households represent 63% of the population, indicating a strong community focus on family living. The average home value stands at $705,687, which suggests ample demand for multi-bedroom properties.
The area's community showcases a dynamic blend of cultures, contributing to a rich and inclusive environment. Demographic data highlights a diverse composition, with 5% Asian, 4% Black, and 1% Native residents, alongside 77% White and 7% Hispanic/Other populations. This multicultural landscape offers residents a vibrant and culturally enriched living experience.
The area reflects a well-distributed income pattern with approximately 47% of households earning over $100,000 annually, while 31% fall within the $50,000 to $100,000 range. The median income stands at $75,000, signalling a financially stable community with growth potential.
The area has a diverse workforce with employment spanning across sectors like technology, healthcare, education, and retail. Below is the percentage of residents employed across various industries, highlighting the region's balanced and dynamic economic landscape.
% of People are working in various industries.