Quick answer: In October 2026, the median sale price for homes and condos in Pierce County was $560,000, about the same as a year earlier ($560,000). Homes for sale were up 20% while closed sales were down 12%, so buyers have more choice and sellers have more competition.
Updated November 2026 with the latest official numbers from the Northwest Multiple Listing Service (NWMLS). We update this page each month.
Pierce County housing market at a glance
| Homes and condos | Oct 2026 | Oct 2025 | Change |
|---|---|---|---|
| Median sale price | $560,000 | $560,000 | About the same |
| Homes for sale (active listings) | 3,098 | 2,588 | Up 20% |
| New listings | 1,037 | 1,151 | Down 10% |
| Pending sales | 924 | 1,080 | Down 14% |
| Closed sales | 786 | 890 | Down 12% |
| Months of inventory | 3.94 |
For houses only (no condos), the October 2026 median was $574,997, compared with $570,000 a year earlier.
What “months of inventory” means: it’s roughly how long it would take to sell every home on the market at the current pace of sales. In Pierce County it was about 3.9 months in October 2026.
Mortgage rates are higher than a year ago
The average 30-year fixed mortgage rate was 7.24% on October 29, 2026, according to Freddie Mac. A year earlier it was 6.17%. Higher rates mean higher monthly payments for buyers.
What this means if you’re selling
- Price to today’s market. With more homes for sale, buyers compare. A price based on recent nearby sales helps your home stand out instead of sitting.
- Prepare the home before it lists. First impressions matter more when buyers have options. Small repairs and a clean, bright home help.
- Start with a real number. Get a free home value based on homes near you.
What this means if you’re buying
- You have more choice. Active listings are up 20% from a year ago.
- Get pre-approved first. With higher rates, knowing your budget and payment before you shop matters. Start your pre-approval.
- Be first to see new homes. Set up new listing alerts, or search every home for sale.
What to watch heading into 2027
Nobody can promise where prices or rates will go next. These are the numbers worth watching each month:
- Mortgage rates. Every change moves monthly payments and how many buyers are shopping.
- Homes for sale. If listings keep growing faster than sales, buyers gain more room to negotiate.
- Pending sales. They show what buyers are doing right now, before sales close.
We’ll update this page as each month’s official numbers come out.
Talk it through with a local expert
Every home and every move is different, and county numbers don’t tell the whole story for your street. If you’re thinking about buying or selling in Pierce County, visit our Tacoma office at 9621 Golden Given Rd E, call (360) 529-0992, or find a local agent.
More county market reports
Sources
- Northwest Multiple Listing Service, October 2026 county recap (residential homes and condominiums, Pierce County)
- Freddie Mac, Primary Mortgage Market Survey, October 29, 2026
All listings featuring the icon are provided courtesy of the Northwest Multiple Listing Service (NWMLS), Copyright 2026. All rights reserved. The database information herein is provided from and copyrighted by the Northwest Multiple Listing Service (NWMLS). NWMLS data may not be reproduced or redistributed and is only for people viewing this site. All information provided is deemed reliable but is not guaranteed and should be independently verified. The information contained in these listings has not been verified by Better Homes and Gardens Real Estate Northwest Home Team and should be verified by the buyer. All properties are subject to prior sale or withdrawal. All rights are reserved by copyright. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Listing information last updated on May 11, 2025 at 4:00 PM PST.
