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Looking for information about the 2022 real estate market in Tacoma, Washington? I run the numbers every year for the Tacoma Neighborhood Guide.
Is Tacoma an affordable place to buy real estate in 2022?
Tacoma is no longer as affordable as it used to be. If you’d like to know more, check out our blog post, “Tacoma isn’t affordable anymore. This is Why. Tacomans who are renting and looking to become homeowners still have opportunities in Tacoma. To learn more you can check out our post, “Creative ways to buy in Tacoma if you think you’re priced out.”
How much do homes cost in Tacoma, WA?
The Tacoma Real Estate Market is a seller’s market in 2022. The median home price in Tacoma in 2022 is about $460,000, though it’s less than $400,000 in Tacoma’s most affordable neighborhoods. The demand for homes is the highest for homes under $500,000. Multiple offers are very common in all price ranges, so make sure you’re working with a local specialist who knows the homes and markets well.
What about the Pierce County Real Estate Market?
From 2021 to 2022 Pierce County home prices increased 18%. In the year before, from 2020 to 2021, the median home price in Tacoma increased 15%. The median home price in Pierce County in January 2022 is $525,000. The housing market is most competitive for buyers searching for homes under $650,000. Due to a low inventory of homes for sale buyers agents from across Pierce County are reporting their clients are facing multiple offers. For more information on the real estate market in Tacoma in 2022 check out “Tacoma Real Estate Market 2022.”
Where can I find an affordable home in Tacoma?
The most affordable homes in Tacoma right now are condos in Downtown Tacoma. The median home price for Tacoma condos is $327,000, and they stay on the market about two weeks before they go pending. If you’re looking for a single family home, the most affordable place to buy one is South Tacoma– with a median home price of $390,000. Homes sell within 10 days in South Tacoma.
Where can I find an affordable home in Pierce County?
The most affordable homes in Pierce County are largely located in the most remote parts of the county. Elbe/Ashford, Wilkeson, Anderson Island, and Longbranch all still have homes for sale under $400,000. The most affordable place to buy a home in Pierce County that is less than 30 minutes from Tacoma is Parkland, where single family homes sell for about $399,000.
What is the real estate market in Tacoma like for investors and multi-family properties?
Tacoma real estate agent Marguerite interviews her colleague Anders who specializes in multifamily properties in Tacoma. With a background in appraisals Anders has a unique perspective on value and finding great properties in this frenzied real estate market. Anders talk about tips and strategies for investors to find success in Tacoma’s real estate market.
Resources:
Frequently Asked Questions About Buying Tacoma Real Estate
The Most Popular Neighborhoods in Tacoma This Year
Here are some additional resources for checking out how to move to Tacoma:
Marguerite Martin is a different kind of Tacoma real estate agent. Check out the Tacoma Neighborhood Guide to find answers to questions you have about neighborhoods in Tacoma and Pierce County. When the time is right to start looking, Marguerite can connect you with a local real estate agent who specializes in the neighborhoods you love most. Click here to contact Marguerite.
