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Market Update: Tacoma, WA 98406

For This Residential Transaction Study, we looked at a total of 6485 single family dwellings in the 98406 zip code and analyzed the sales trends over the last six months. A glance at the data shows that the number of transactions has increased dramatically and both the average and median prices per month have both generally increased.

The month of June shows the most activity with 32 sales, .5% market turnover, average sale price of $307,702, and a median price of $281, 925.

With forecasters expecting that first time home buyers making up the bulk of the home purchases in the next couple years, it's interesting to note that 36% of the population in this zip code is in their twenties and thirties.

Residential Transaction Study 7/14/2009
Project description: Tacoma, WA 98406
monthly market Most recent transaction: 6/30/2009 Market (homes): 6485
month year sales mrkt% $/sqft avg price median
Jun 2009 32 0.5% $137 $307,702 $281,925
May 2009 21 0.3% $129 $266,167 $269,950
Apr 2009 19 0.3% $127 $255,766 $245,000
Mar 2009 15 0.2% $138 $250,270 $249,950
Feb 2009 6 0.1% $140 $257,633 $232,500
property characteristics
1 story 4393 w/ bsmt 3,562 platted 6,222
1.5 story 1221 avg bsmt sqft 976 avg lot sqft1 7,037
2 story 868 w/ garage unplatted 263
3+ story 0 avg garage sqft avg lot sqft2 11,076
avg % imprvd 53% avg year built 1945 avg bldg sqft 2,120
avg # beds 3 avg # baths 2
1avg lot sqft of all platted properties 2avg lot sqft of all unplatted properties
Ticor Title ITMr2 The data used in this report is deemed reliable, but not guaranteed. Ticor Title cannot be held responsible for any inaccuracies.
© 2004-2009 Ticor Title Renton WA 98057
Posted Tuesday Jul 14