Tacoma’s housing market has experienced notable shifts in recent times, reflecting broader regional trends. As of March 2026, the median sale price for homes in Tacoma stood at $485,000, marking a slight 1.0% decrease from the previous year. Homes are selling faster, with an average of 12 days on the market, down from 13 days last year. Additionally, the number of homes sold increased by 4.3% year-over-year, indicating sustained buyer interest.
New Developments Enhancing Housing Options
Several new housing projects are contributing to Tacoma’s evolving landscape:
Cornus House
Completed in 2024, Cornus House offers 199 units, including studios, one-bedroom, and two-bedroom apartments. Located at 2501 Commerce St, this development provides workforce housing with affordability ranging between 60-80% of the Area Median Income (AMI). Notably, it’s the first project in Pierce County to utilize PACE financing and includes 10 vouchers from the Tacoma Housing Authority for youth exiting the foster care system.
Kōz at Aviva Crossing
Situated across from Tacoma Community College, Kōz at Aviva Crossing is a 226-unit multifamily housing development. The project delivers studio, one-bedroom, and two-bedroom apartments, catering to students and local workers. Developed in partnership with the Tacoma Housing Authority and Mercy Housing, it adds a naturally occurring affordability component to the area.
Arbutus House
Planned for construction in late 2026, Arbutus House aims to provide 161 affordable family-sized units in Tacoma’s Dome District. The development will primarily feature two- and three-bedroom apartments, targeting households at 60% AMI.
Rehabilitation Efforts in Established Neighborhoods
The Tacoma Housing Authority has initiated a significant rehabilitation project affecting over 300 existing affordable housing units in the Salishan and Hillside Terrace neighborhoods. This $150 million effort, spanning two years, seeks to update and renovate decades-old properties, enhancing the quality of life for residents.
Market Dynamics and Considerations
While Tacoma’s housing market remains competitive, the slight decrease in median sale prices and faster sales indicate a dynamic environment. Prospective buyers and renters should stay informed about new developments and rehabilitation projects, as these efforts are expanding housing options across the city. Engaging with local real estate professionals and monitoring market trends can provide valuable insights for making informed decisions in Tacoma’s evolving housing landscape.