In the North Tacoma market, the Median Sales Price in Jan. 2016 was $297,500. Today, it stands at $425,000. That’s an increase of 42.9% in the last 3 years. Wow! But not all areas are created equal when it comes to increases in their median sales price. Check out Old Town/Stadium District median sale prices. They increased from $429,000 in Jan 2016 to $658, 125 today. That’s an increase of 53.4%. And the Proctor area saw a 46.1% increase from $338,600 to $495,000 in the same time frame. Likewise, the Westgate area increased from $275,000 to $385,000, an increase of 40%. However, the rate of increase seems to be slowing everywhere…. but …. Old Town/Stadium District, which saw a year over year increase of 14.5%. In 2019, the Old Town/Stadium area increased more than twice Proctor, 6 times as much as the Westgate area and 6 times as much as No Tacoma as a whole. Let me know if you want to learn more about your neighborhood.
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