Do you know what the most expensive neighborhoods in Tacoma are? We didn’t either so we ran the numbers. The Pierce County Median Home Price increased to $375,000 in 2019. For a deep dive into the numbers and what that means for housing affordability in Pierce County, check out our post, “The average Pierce County home price is $375,000, up 9% from last year.”
While $375,000 represents the median sales price for Pierce County, what kind of house you can buy for $375,000 in Tacoma varies a LOT by neighborhood. While you can certainly find great homes across Tacoma and Pierce County for $375,000 and even less, in Tacoma’s priciest neighborhoods you might not get as much bang for your buck.
The most expensive neighborhood in Tacoma is Tacoma’s Stadium District, with a median sales price of about $642,000. While finding a house for sale in Stadium for the Pierce County median sales price is unlikely, finding a condo is much easier.
- Size: 2 bed / 1 bath / 837 sq ft
- Sales Price: $325,000
- Click here to view this Stadium District listing.
The second most expensive neighborhood in Tacoma by median sales price is Tacoma’s Old Town neighborhood. While we weren’t able to find a home that sold in Old Town for $375,000 in the past year (the neighborhood’s median sales price is closer to $580,000) we did find this super cute coastal cottage that sold for a little over 400k:
- Size: 2 bed / 2 bath / 1184 sq ft
- Sales Price: $430,000
- Click here to check out this Old Town home.
3. Three Bridges
Ironically, the tiny Three Bridges comes in as the third most expensive neighborhood in Tacoma. Located at the nexus of Stadium, Old Town, North Slope Historic District, Proctor, and the UPS Neighborhood, this should come as no surprise. This house sold after multiple offers were received for $50,000 over the list price of $325,000- putting it just slightly over median at $376,000.
- Size: 2 bed / 1 bath / 1628 sq ft
- Sales Price: $376,000
- Click here to check out this home in Tacoma’s Three Bridges neighborhood.
4. City of Ruston
The City of Ruston isn’t TECHNICALLY in Tacoma because it’s its own city, but we are gonna sneak it on to the list because it’s so tiny and surrounded on all sides by Tacoma, it’s barely not a neighborhood. The median sales price in Ruston was about $472,500- so finding a house at Pierce County’s Median price is tricky, but not impossible. For example, this house came on the market for $376,000, just slightly over median. After multiple offers it was purchased by a cash buyer for $425,000.
- Size: 3 bed / 2 bath / 2256 sq ft
- Sales Price: $385,000
- Click here to check out this City of Ruston home.
Tacoma’s West Slope is the fifth most expensive neighborhood in Tacoma. This is no surprise, as homes along the ridge facing west have some of the most stunning views in Tacoma. The sun sets over the Olympic Mountains and the Puget Sound, and folks living in the West Slope have entire instagram hashtags dedicated to the views. Homes in Tacoma’s West Slope have a median sales price of about $497,475. The most affordable house to sell in the West Slope this year came on the market for $375,000 but ended up selling for $384,000.
- Size: 3 bed / 2.75 / 1871 sq ft
- Sales Price: $375,000
- Click here to check out this West Slope home.
The biggest lesson for folks who want to spend less than the median for a neighborhood is be prepared to compete with lots of other buyers and be ready for the sales price to be well above the list price.
If you want to see the most expensive homes that sold in Pierce County in 2019 check out our blog post here.