Housing in Terrace Heights, WA

Home values, rent, ownership rates, and housing market data

Housing Market Snapshot

Source: Redfin — January 2026

Median Sale Price

$352,000

Median List Price

$407,499

Price Per Sq Ft

$167

Days on Market

46

Active Inventory

18

Months of Supply

2.6

Seller's market

Price Trends

Source: Redfin
Sale Price ↓ 11.7%List Price ↓ 16.8%Mar 24 → Jan 26

Market Competitiveness

Source: Redfin

Sold Above List

14.3%

Off Market in 2 Weeks

38.5%

Sale-to-List Ratio

103.5%

Seller's market

Sold Above Asking
14.3%
Under Contract in 2 Wks
38.5%
Listings with Price Drops
22.2%

Market Activity

Source: Redfin

Homes Sold

7

New Listings

8

Pending Sales

13

Homes Sold ↓ 12.5%New Listings ↓ 27.3%Pending ↑ 0.0%Mar 24 → Jan 26

Price Per Square Foot

Source: Redfin

Median Sale $/SF

$167

Median List $/SF

$183

Sale $/SF ↓ 32.7%List $/SF ↓ 11.6%Mar 24 → Jan 26

Terrace Heights vs Similar Cities

Source: Census ACS / Redfin (2023)

Compared to cities with under 10,000 residents. Terrace Heights is highlighted.

Median Home Value

Median Rent

Median Price Per Sq Ft

Rent Burden

Census Housing Data

Source: U.S. Census Bureau ACS (2023)

Median Home Value

$325,000

Median Rent

$1,124

Total Housing Units

4,409

Vacancy Rate

4.1%

Owner Occupied

65.8%

Renter Occupied

34.2%

Median Property Tax

$3,284

per year

Monthly Cost (w/ Mortgage)

$1,253

Housing Types

Single Family
67.6%
Multi-Family
24.1%
Mobile Home
8.3%

The current median sale price in Terrace Heights, WA is $352,000 according to Redfin data. Homes spend a median of 46 days on the market. 14.3% of homes sold above asking price. The market has 2.6 months of supply. The median price per square foot is $167. The median rent is $1,124 per month (Census ACS). About 65.8% of housing units are owner-occupied. The median year homes were built is 1991. There are 4,409 total housing units.