Market Update
Pierce County
Q3 2026
Residential Property Snapshot
Single Family Homes & Condos | Q3 2026
Med. Sales Price
$590k
1% more than in
Q3 2025
Q3 2025
Avg. Days On Market
40
3% more than in
Q3 2025
Q3 2025
Closed Sales
2,555
12% fewer than in
Q3 2025
Q3 2025
Inventory
2,833
18% more than in
Q3 2025
Q3 2025
Sales Price vs. Closed Sales
- Single Family Homes
- Condos
| Median Close Price | Avg Close Price | Sold Total | |
|---|---|---|---|
| Q3 '22 | $560k | $627k | 3723 |
| Q3 '23 | $545k | $613k | 2677 |
| Q3 '24 | $575k | $650k | 2822 |
| Q3 '25 | $585k | $663k | 2888 |
| Q3 '26 | $590k | $670k | 2555 |
Closed
New
Inventory
Closed Sales by Price
- Single Family Homes
- Condos
| Closed Under $500k | 29.2% |
|---|---|
| Q3 '26 | 747 |
| Q3 '25 | 856 |
| 1YR CHANGE | -13% |
| Closed $500k - $1m | 61.4% |
| Q3 '26 | 1570 |
| Q3 '25 | 1762 |
| 1YR CHANGE | -11% |
| Closed $1m - $2m | 8.0% |
| Q3 '26 | 205 |
| Q3 '25 | 238 |
| 1YR CHANGE | -14% |
| Closed Over $2m | 1.3% |
| Q3 '26 | 33 |
| Q3 '25 | 32 |
| 1YR CHANGE | +3% |
Median Sales Price vs. Average Days on Market
- Single Family Homes
- Condos
| Avg Days On Market | Median Close Price | |
|---|---|---|
| Q3 '22 | 3 | $560k |
| Q3 '23 | 2 | $545k |
| Q3 '24 | 31 | $575k |
| Q3 '25 | 39 | $585k |
| Q3 '26 | 40 | $590k |
By Year
By Price
Market Data by Year
- Single Family Homes
- Condos
| Q3 2026
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'25 - '26
Inventory
Inventory represents the number of active properties on the market at the end of the quarter
18%
New Listings
New Listings represents the number of properties listed during the quarter.
8%
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.
33%
Closed Sales
-12%
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.
3%
Bonney Lake
Median
$634k
DOM
38
Sales
60
Inv
59
Buckley
Median
$640k
DOM
31
Sales
45
Inv
45
Dupont
Median
$575k
DOM
26
Sales
21
Inv
20
Eatonville
Median
$458k
DOM
36
Sales
7
Inv
12
Edgewood
Median
$815k
DOM
54
Sales
40
Inv
63
Fife
Median
$510k
DOM
43
Sales
9
Inv
24
Gig Harbor
Median
$873k
DOM
38
Sales
40
Inv
54
Lakewood
Median
$520k
DOM
39
Sales
119
Inv
137
Milton
Median
$660k
DOM
25
Sales
24
Inv
19
Orting
Median
$520k
DOM
49
Sales
31
Inv
25
Puyallup
Median
$530k
DOM
44
Sales
107
Inv
96
Steilacoom
Median
$775k
DOM
24
Sales
25
Inv
20
Sumner
Median
$550k
DOM
29
Sales
25
Inv
15
Tacoma
Median
$500k
DOM
30
Sales
564
Inv
514
University Place
Median
$678k
DOM
37
Sales
86
Inv
76