Open House
Welcome to Open House, a News Tribune blog on the real estate industry and its curious musings, gossip and yes, even facts and analysis.


The blog will focus on the South Sound, state and national housing and rental markets, as well as cool Web sites, weird real estate trends and warnings about scams.

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Open House is a forum to read about and discuss real estate issues. It is not a place to pitch your services. That means no direct solicitation, no phone numbers and no pushing readers to your Web site or place of business.

More real estate blogs:

Rain City
Seattle area real estate blog

Seattle Bubble
Real estate and the housing bubble

The Real Estate Blog
National scope

Inman News
(National real estate news/research co. with a blog)

360 Digest
Seattle-area blog on real estate, art and politics.

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Tacoma and South Puget Sound Real Estate Blog
Friday, December 7th, 2007
Posted by Devona Wells @ 02:08:08 pm

The latest Northwest Multiple Listing Service numbers show a third straight month of home price declines year-over-year for Pierce County, down 4.4 percent to $262,950. But that number doesn’t tell you what’s happening in distinct markets within our large, diverse county.

So here’s a look at the median price in the 17 Pierce County areas as broken down by the MLS. I’ve had feedback that some of these areas are still too big to get a good read on micro-markets in Pierce. (The Gig Harbor numbers, for instance, include Fox Island and the Key Peninsula.) I have asked the MLS for more detailed breakdowns and I’ve been told this is as detailed as I can get.

Area Price Year-over-year change
Gig Harbor $361,750 +0.8%
Bonney Lake $308,950 -3.3%
Spanaway $255,000 -0.6%
North Tacoma $278,500 -8.7%
Lakewood $234,250 -16.2%
DuPont $301,390 +10%
South Tacoma $203,000 -3.1%
Southeast Tacoma $220,436 +4.2%
Parkland $226,875 -6.9%
Fife $290,697 -3.1%
Puyallup $259,950 -3.7%
Central Tacoma $232,225 +9.3%
Browns Point $295,000 -6.3%
University Place $309,975 -7.6%
Roy-McKenna $280,000 +27.3%
Graham-Eatonville $253,500 -4.3%
Anderson Island $250,000 +29.5%
Categories: Housing prices