Home Prices in Pierce County (2023) What You Need to Know

Welcome. We hope to provide you with all the essential information you need to know about the current real estate market in Pierce County, including market trends, property values, and the overall state of the local economy. Our goal is to help you make informed decisions when it comes to buying or selling property in this area.

Market Trends:

The real estate market in Pierce County has been steadily growing over the past few years, and there are no signs of it slowing down anytime soon. As of 2023, the median home value in Pierce County is around $450,000, which is a 15% increase from the previous year. This is due to several factors, including the strong job market, low interest rates, and a growing population.

Property Values:

When it comes to property values in Pierce County, location is key. The most desirable neighborhoods in the area include Gig Harbor, University Place, and Tacoma. These areas have seen the largest increase in property values over the past few years, with some homes selling for over $1 million. However, there are still plenty of affordable options available for those looking to buy a home in Pierce County. Some of the most affordable areas include Spanaway, Parkland, and Lakewood.

Local Economy:

The local economy in Pierce County is strong, with a diverse range of industries that provide ample job opportunities. The largest employers in the area include Joint Base Lewis-McChord, Boeing, and the University of Washington Tacoma. This has led to a growing population and a strong demand for housing in the area.

The real estate market in Pierce County is thriving, with a strong economy and growing population driving demand for housing in the area. Whether you are looking to buy or sell property in Pierce County, it is essential to stay up-to-date with the latest market trends and property values to make informed decisions. We hope this guide has been helpful in providing you with the information you need to navigate the local real estate market with confidence.