These days, it seems the majority of my time looking at homes with buyers is focussed on homes that are priced under 200k.
There are a lot of reasons for this, most of them having to do with how much buyers want to be paying for their mortgage each month.
A lot of my clients are buying their first or second house and would prefer that their monthly payment not exceed $1,500.
The great silver lining of the whole housing kurfuffle is that there are finally some really great homes under $200,000 in Tacoma. There are even some great homes under $150,000. Not suprisingly, this has become the most popular price range, and the good houses in this group tend to sell more quickly than homes in other price ranges. Below you’ll find the stats on the under 200k price range in Tacoma, as well as some examples of what you get for the money!
Right now there are 663 houses for sale in Tacoma with asking prices under $200,000. There are 227 houses that have offers on them right now. This makes the sales ratio 34% citywide. A balanced market is around 50%. Less than 50% is a buyers market. Since January 1st, 88 houses under $200,000 have sold.
As for condos, there are 200 for sale right now in Tacoma under $200,000. 22 condos are pending (have offers on them) give the condos a sales ratio of 11%. Since January 1st, only 4 condos under 200k have sold in Tacoma:
Address: Size: Sales Price:
421 N Yakima Ave #6 2 Bedroom, 1 bath 907 Sq Ft $150,000
McCormick
1111 N K St #204 1 Bedroom, 1 Bath 570 Sq Ft $166,950
Mirabella Ct
1012 S 27th St #A303 2 Bedroom, 1 bath 790 Sq Ft $164,990
27th St Station
7316 N Skyview C-203 2 Bedroom, 1.5 Bath 1122 sq ft $176,000
Sunset Plaza
Here are a couple houses currently on the market in Tacoma for under $200,000. This is a teensy sample of the 600+ available, obviously. If you want a complete list of a specific area or of a houses at a certain size, let me know, I’ll send them over.