98402 — Pierce County, Washington Market Snapshot
Housing market data for zip code 98402 in Pierce County, Washington. Updated monthly with median prices, days on market, and more.
Market Sales Data
12 sales in 2026 (year to date)
Median Sale Price
$382,500
Days to Sell
32
Homes Sold
12
Inventory
24
Sale-to-List
98.3%
New Listings
29
Price/SqFt
$372
Pending Sales
15
Conforming Loan Available
Most homebuyers in 98402 can comfortably use conventional financing. The median home price of $382,500 is well below the 2026 conforming loan limit of $1,063,750, meaning buyers can put as little as 3-5% down without hitting jumbo loan territory.
Market Insights
Market Temperature
98402's market is balanced with homes taking an average of 32 days to sell. Buyers have some negotiating room without the pressure of bidding wars.
Sale-to-List Ratio
Homes are selling very close to asking price in 98402 (98.3% sale-to-list ratio), indicating accurate pricing by sellers and steady demand.
Conforming Loan Feasibility
Most homebuyers in 98402 can comfortably use conventional financing. The median home price of $382,500 is well below the 2026 conforming loan limit of $1,063,750, meaning buyers can put as little as 3-5% down without hitting jumbo loan territory.
Loan limits in 98402 are set at the county level.
2026 Loan Limits — Pierce County
| Property Units | Conforming Limit | FHA Limit |
|---|---|---|
| 1 Unit | $1,063,750 | $1,063,750 |
| 2 Units | $1,361,800 | $1,361,800 |
| 3 Units | $1,646,100 | $1,646,100 |
| 4 Units | $2,045,700 | $2,045,700 |
Affordability Snapshot — Zip 98402
To purchase the median home at $382,500 with 5% down at today's rate of 6.75%, the estimated monthly payment is approximately $3,081.
Monthly Payment
$3,081
Income Required
$132,025
Principal & Interest
$2,357/mo
Down Payment (5%)
$19,125
Based on 30-year fixed at 6.75%, 1.8% property tax, $1,800/yr insurance, 28% DTI guideline.
Mortgage Calculator
Estimate your monthly payment for a home in 98402.
Estimated Monthly Payment
$2,517
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