98407 — Pierce County, Washington Market Snapshot
Housing market data for zip code 98407 in Pierce County, Washington. Updated monthly with median prices, days on market, and more.
Market Sales Data
64 sales in 2026 (year to date)
Median Sale Price
$659,500
Days to Sell
11
Homes Sold
64
Inventory
52
Sale-to-List
100.5%
New Listings
103
Price/SqFt
$402
Pending Sales
78
Conforming Loan Available
Most homebuyers in 98407 can comfortably use conventional financing. The median home price of $659,500 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
98407 is an extremely competitive market with homes selling in just 11 days on average. Buyers need pre-approval letters ready before making offers.
Sale-to-List Ratio
Homes are selling very close to asking price in 98407 (100.5% sale-to-list ratio), indicating accurate pricing by sellers and steady demand.
Conforming Loan Feasibility
Most homebuyers in 98407 can comfortably use conventional financing. The median home price of $659,500 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 98407 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 98407
To purchase the median home at $659,500 with 5% down at today's rate of 6.75%, the estimated monthly payment is approximately $5,203.
Monthly Payment
$5,203
Income Required
$222,981
Principal & Interest
$4,064/mo
Down Payment (5%)
$32,975
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 98407.
Estimated Monthly Payment
$4,232
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