Hot or Not? What Tacoma’s Real Estate Market Is Really Doing Right Now?  Here is Tacoma Real Estate Market Update

October 28, 2025

People are always asking Realtors: “How’s the market?”
It always depends on where you mean.  There are micro-markets.  Sometimes the hotness moves around in Tacoma!

Let’s slice it up by zip code and play a little game of “Hot or Not”. Not the same one played in The Office. This one is about real estate in Tacoma.

First, What Do We Mean by “Hot”?

We’re looking at the Pending Percentage— the number of pending sales divided by active listings. It tells us how quickly homes are getting snatched up.

• 60% is a balanced market

• Above 60%? Seller’s market. Fewer listings, more sales. Hotter.

• Below 60%? Buyer’s market. More listings, slower sales. Cooler.

Right now, Tacoma overall sits at 52%. That’s almost balanced, but leaning slightly toward a buyer’s market.

Zip Code Breakdown: Hot or Not?

Let’s dig in, shall we?

Room Temp: 98406 & 98405

North Tacoma (98406) and Central Tacoma (just across Sixth Ave) are at about 50%. Not blazing, not icy—let’s call it room-temperature real estate. Houses are moving, but sellers shouldn’t expect bidding wars.

Cooler by The Point: 98407

Point Defiance area? Only 40% pending. If you don’t have to sell right now, maybe wait until early next year. If you do have to sell?
Price according to the comps. Get the house looking amazing.

Steamy in Spanaway and Parkland areas: 98444

Head down to Parkland and Spanaway near PLU? Now we’re talking. 80%+ pending percentage. Affordable homes in high demand. First-time buyers and investors are active here.

Tacoma Mall – Tiny Sample, Hot Zip: 98409

Around the Tacoma Mall? The data shows 100% pending percentage — but don’t get too excited. That stat is based on just one pending and one active listing. Still, it’s a sign there’s movement in that price band.

Hot: 98465

And the hottest neighborhood crown goes to 98465 — West Tacoma.
Pending percentage: 140%.
Yes, you read that right. There are more homes under contract than there are for sale.

These are million-dollar view homes above the Narrows. If you’ve been sitting on a property there, this might be your moment.

What About Your Neighborhood?

Want to know if your neghborhood is hot—or not?  Reach out and we’ll tell you!

Whether you’re thinking of selling now, next spring, or just curious… we’ve got to the stats to give you a read.  🙂