Tacoma Real Estate Market Update

 

Real Estate Market Update

Updated April 21, 2021

 

North Tacoma Snapshot

 

 

Median Price $480,000

1 Year Appreciation: $12.4%

Months Supply of Homes: 1.7

Average Days on Market: 21

Sale price compared with Asking Price Average:  102.4%

 

We occasionally take a snapshot in time of the market’s pending percentage.  This tells us how well the market is absorbing inventory and whether we are in a buyer’s market or seller’s market. Presently it is absorbing inventory voraciously and we’ve long been in a seller’s market. Below is north Tacoma. There are currently a large number of pending sales in the midrange, which is now $400,000 to $700,000, but almost no active inventory for sale in that range. Tough price range to be looking if you are north end buyer. The only price range here with any inventory is over $1,000,000.

Price Range                                   Active Homes                Pending         Pending %

$300,000 or less.                                 0                                      1                      –

$300K to $400K                                  0                                      6                      –

$400K to $500K                                  5                                     24                   480%

$500K to $600K                                  2                                     20                  1000%

$600K to $700K                                  1                                      17                   1700%

$700K to $800K                                  2                                      2                      100%

$800K to $900K                                  3                                      7                      233%

$900K to $1M                                      0                                      2                        –

$1M and over                                        8                                      4                         50%

 

 

 

 

 

 

 

 

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