Market Update
Pierce County
Q1 2026
Residential Property Snapshot
Single Family Homes & Condos | Q1 2026
Med. Sales Price
$570k
0% change from
Q1 2025
Q1 2025
Avg. Days On Market
58
14% more than in
Q1 2025
Q1 2025
Closed Sales
2,061
1% fewer than in
Q1 2025
Q1 2025
Inventory
1,711
24% more than in
Q1 2025
Q1 2025
Sales Price vs. Closed Sales
- Single Family Homes
- Condos
| Median Close Price | Avg Close Price | Sold Total | |
|---|---|---|---|
| Q1 '22 | $550k | $603k | 2973 |
| Q1 '23 | $527k | $584k | 2263 |
| Q1 '24 | $544k | $602k | 1984 |
| Q1 '25 | $570k | $639k | 2079 |
| Q1 '26 | $570k | $618k | 2061 |
Closed
New
Inventory
Closed Sales by Price
- Single Family Homes
- Condos
| Closed Under $500k | 33.2% |
|---|---|
| Q1 '26 | 685 |
| Q1 '25 | 675 |
| 1YR CHANGE | +1% |
| Closed $500k - $1m | 60.5% |
| Q1 '26 | 1247 |
| Q1 '25 | 1259 |
| 1YR CHANGE | -1% |
| Closed $1m - $2m | 5.8% |
| Q1 '26 | 119 |
| Q1 '25 | 123 |
| 1YR CHANGE | -3% |
| Closed Over $2m | 0.5% |
| Q1 '26 | 10 |
| Q1 '25 | 22 |
| 1YR CHANGE | -55% |
Median Sales Price vs. Average Days on Market
- Single Family Homes
- Condos
| Avg Days On Market | Median Close Price | |
|---|---|---|
| Q1 '22 | 2 | $550k |
| Q1 '23 | 4 | $527k |
| Q1 '24 | 4 | $544k |
| Q1 '25 | 51 | $570k |
| Q1 '26 | 58 | $570k |
By Year
By Price
Market Data by Year
- Single Family Homes
- Condos
| Q1 2026
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'25 - '26
Inventory
Inventory represents the number of active properties on the market at the end of the quarter
24%
New Listings
New Listings represents the number of properties listed during the quarter.
11%
Months Supply of Inventory
Months' supply of inventory refers to the number of months it would take for the current inventory of homes on the market to sell given the current sales pace.
16%
Closed Sales
-1%
Average Days On Market
Average Days on Market represents the number of days that a property has been listed until a seller has accepted an offer and signed a contract.
14%
Bonney Lake
Median
$650k
DOM
57
Sales
47
Inv
43
Buckley
Median
$645k
DOM
62
Sales
38
Inv
34
Dupont
Median
$520k
DOM
60
Sales
29
Inv
13
Eatonville
Median
$500k
DOM
45
Sales
9
Inv
9
Edgewood
Median
$815k
DOM
64
Sales
37
Inv
32
Fife
Median
$515k
DOM
52
Sales
11
Inv
11
Gig Harbor
Median
$805k
DOM
44
Sales
31
Inv
36
Lakewood
Median
$490k
DOM
46
Sales
99
Inv
83
Milton
Median
$750k
DOM
41
Sales
19
Inv
6
Orting
Median
$560k
DOM
65
Sales
35
Inv
20
Puyallup
Median
$585k
DOM
62
Sales
87
Inv
60
Steilacoom
Median
$520k
DOM
73
Sales
14
Inv
14
Sumner
Median
$555k
DOM
73
Sales
17
Inv
9
Tacoma
Median
$469k
DOM
43
Sales
477
Inv
289
University Place
Median
$635k
DOM
50
Sales
57
Inv
36