Realtor serving Pierce, King,Thurston, Snohomish & Mason Counties!
Shannon Zimmerly

Pierce County median home prices up again, no break in rents, either -TNT

It was another expensive month for home sales in Pierce County.

According to data Monday from the Northwest Multiple Listing Service, the median closed home sale price ticked up to $376,500, up 7.26 percent from the same period a year ago.

In Pierce County, the number of closed sales for single family residential homes were down 8.65 percent from a year ago, a bigger drop than experienced in King County, which was down 1.45 percent in sales from a year ago.

King County’s median closed home sale price was $695,000, down 2.80 percent from a year ago.

Pierce County home sales’ median price was lower than Kitsap County, which hit $391,657 in June.

“The darling of the Puget Sound real estate market is Tacoma/Pierce County,” Dick Beeson, principal managing broker at RE/MAX Northwest Realtors in Gig Harbor, said in the NWMLS news release.

Mike Larson, the president at ALLEN Realtors in Lakewood said in the release about Pierce home prices: “You can buy twice the house for about half the price. You just have to be willing to deal with the traffic if you work north or south of here.”

Beeson, for his part, said he noticed a slightly slower pace for sales.

While homes still sell twice as quickly in the region as a traditional ‘normal’ market,” he noted that it “feels kind of like things have slowed down. Folks are taking deeper breaths.”

Most agreed it was still very much a seller’s market.

Mike Mansour, John L. Scott Puyallup-Main broker, told The News Tribune via email: “With home prices increasing and interest rates hovering where they are, it can present a challenge for clients to get their offer accepted.”

“This can be especially tricky for first-time home buyers, so taking a smart approach is necessary to find success. Being fully underwritten and ready to go will put buyers at an advantage when they are looking to make an offer on a home.”

As for rents, Apartment List, in its July report, noted that Tacoma rent rates “have remained flat over the past month, however, they have increased 1.5 percent year-over-year.”

It also noted that Tacoma’s median two-bedroom rent of $1,560 is still higher than the national average of $1,190.

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Contact Me

Please allow up to 24 hours for your response!

Community Events

Let's Walk Schuster Parkway from Chinese Garden!

Hello Ladies of Tacoma! Let's walk!

*** Be sure to RSVP if coming, and if you cannot make it, please change your RSVP to a NO since we wait for everyone before we start walking. Thank you!*** We try hard to all arrive at 9:15 a.m. and start walking as soon as all the RSVP ladies...

50+ Lunch Bunch

Tacoma Rainbow Center

The Rainbow Center's 50+ Lunch Bunch is a social and educational opportunity for LGBTQ individuals 50 and older. This program is co-sponsored by Tacoma Older LGBT. This is a brown bag lunch event that meets the 3rd Friday of every month, 11:00am...

NW Game Center Board Game Geek Night


Boardgames at NW Game Center ( Last week 17 boardgaming meeples outnumbered the Friday night mages and played; Altiplano, Forbidden Dessert, Terraforming Mars, Catan, Ticket to Ride: Europe, and several other games. ...I...

Hang Out at THE Red Hot in Tacoma

253 Social Introverts and Extroverts

Last-minute hang out for the month, come eat some dogs, share some drinks and meet new people! Remember to check out our Facebook book page: