Pierce County Home Prices & Values

$234,700 Zillow Home Value Index What's This?  
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The Zillow Home Value Index is the median Zestimate valuation for a given geographic area on a given day. Learn more

  • 7.7% 1-year change
  • 5.4% 1-year forecast

The median home value in Pierce County is $234,700. Pierce County home values have gone up 7.7% over the past year and Zillow predicts they will rise 5.4% within the next year. The median list price per square foot in Pierce County is $136, which is lower than the Seattle Metro average of $184. The median price of homes currently listed in Pierce County is $250,000 while the median price of homes that sold is $245,965. The median rent price in Pierce County is $1,300, which is lower than the Seattle Metro median of $1,599.

Foreclosures will be a factor impacting home values in the next several years. In Pierce County 9.2 homes are foreclosed (per 10,000). This is greater than the Seattle Metro value of 6.0 and also greater than the national value of 4.3

Mortgage delinquency is the first step in the foreclosure process. This is when a homeowner fails to make a mortgage payment. The percent of delinquent mortgages in Pierce County is 8.1%, which is higher than the national value of 6.9%. With U.S. home values having fallen by more than 20% nationally from their peak in 2007 until their trough in late 2011, many homeowners are now underwater on their mortgages, meaning they owe more than their home is worth. The percent of Pierce County homeowners underwater on their mortgage is 27.0%, which is higher than Seattle Metro at 17.0%.

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Relative ZHVI
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Pierce County Market Overview

Data through Aug 31, 2014
  • $234,700 ZHVI
  • 5.4% 1-yr forecast What's This?  
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    The Zillow Home Value Forecast is Zillow's prediction of what the Zillow Home Value Index will be one year from now. Learn more

    (Aug 31, 2015)
  • $250,000 Median listing price
  • $245,965 Median sale price
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Pierce County Market Health

Data through Aug 31, 2014
  • 0.7/10 Less healthy What's This?  
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    The Market Health Index illustrates the current health of a region's housing market relative to other markets across the country. The Market Health Index is based on up to 10 metrics including those capturing the past and projected evolution of home values, the prevalence of foreclosures, foreclosure re-sales, negative equity and delinquency, as well as whether homes are currently selling faster or slower than in the past.

  • No recent data Average days on Zillow
  • 27.0% Homes with negative equity (17.0% US Avg) (Jun 30, 2014)
  • 8.1% Delinquent on mortgage (6.9% US Avg) (Jun 30, 2014)

Homes foreclosed (per 10,000)

9.2 homes Pierce County
6 homes Seattle Metro
4.3 homes United States
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Cities in Pierce County

Name Median ZHVI Name Median ZHVI Name Median ZHVI
Bonney Lake $281,000 Eatonville $265,400 Graham $257,600
Buckley $257,500 Sumner $241,500 Puyallup $239,300
South Hill $238,700 Orting $226,100 Frederickson $225,800

Listings & Sales

Data through Aug 31, 2014
  • $136 Median list price / sq ft
  • $138 Median sale price / sq ft
  • 38.3% Listings with price cut
22.9%
Sold below listing
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Pierce County Rentals

Data through Aug 31, 2014
Zillow Rent Index What's This?
Close The Zillow Rent Index is the median Rent Zestimate valuation for a given geographic area on a given day. Learn more
$1,474 Pierce County
$1,792 Seattle Metro
$1,328 United States
  • 1.4 Breakeven horizon What's This?  
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    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more

    (Jun 30, 2014)
  • $1,300 Rent list price
  • $0.93 Rent list price / sq ft
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