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Median Listing Price
Median Sale Price per Sq. Ft.
Median Sold Price
Median Days on Market
The Tacoma housing market, characterized by high competitiveness, shows a blend of price fluctuations while maintaining a robust local demand and varied relocation patterns.
Insights into Tacoma's housing market:
Median Home Prices: Tacoma witnessed a decline of 6.1% in the median sale price of homes, now standing at $430,000 compared to the previous year.
Price per Square Foot: Despite the decrease in median sale prices, there has been a modest increase of 2.5% in the median sale price per square foot, reaching $312.
Sales Dynamics: Homes in Tacoma are selling relatively quickly, averaging 17 days on the market compared to 19 days the previous year. However, there was a slight decrease in the number of homes sold, with 210 homes sold in October this year, down from 249 in the same period last year.
Incoming Homebuyers: 4% of homebuyers are considering a move into Tacoma from outside metros, with Louisville homebuyers showing the most interest, followed by San Francisco and Los Angeles.
Outgoing Homebuyers: 82% of Tacoma homebuyers are choosing to remain within the metropolitan area. Spokane emerges as the favored destination, followed by Phoenix and Wenatchee.
For personalized insights and expert guidance in navigating Tacoma's dynamic real estate market, Raintown Realty is your trusted partner. With a commitment to exceptional service and an in-depth understanding of the local market, Raintown Realty is well-equipped to assist you in your real estate endeavors in Tacoma.
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