98003 Home Values & Market Trends
There are 798 homes currently listed for 98003. 98003 real estate market trends show that home prices range from $120,550 to $1,648,000, and the median sales price in the 98003 zip code is $577,097. The total number of properties sold within the past twelve months is 381. In 98003, 33 properties are in foreclosure, 6 are bank owned properties,and 20 are headed for auction.
Housing Market Summary for 98003
| Sep 2025 | September 2026 | Change | |
|---|---|---|---|
| Median Listing Price | $555K | $565K | 1.80% |
| Median Sold Price | $558K | $540.7K | -3.10% |
| Homes For Sale | 570 | 801 | 40.53% |
| Homes Sold | 127 | 114 | -10.24% |
Price Per Square Foot
On an average, Single Family homes cost $33 more per sqft than Condos. In comparison with sales price/sqft last week, list price/sqft of Single Family homes increased by 1.93% whereas, list price/sqft of Condos increased by 9.38%.
Recently Sold Homes
Explore recent offers and recently sold homes in 98003
Browse Homes in 98003
The median list price of a home in Federal Way, is $577,097. A total of 798 properties are for sale, and the percentage of properties for sale in the zip code is 798.00%. The total count of 98003 properties is 973.
- Pre-ForeclosurePre-foreclosure homes account for 0.72% of all residential properties in 98003 with federal way containing 20 pre-foreclosures, the highest number of pre-foreclosure properties in a single city. There is 1 cities within 98003; of that cities, the estimated home value for pre-foreclosure homes ranges from $1,162,161 in federal way to the lowest home value of $202,066 in federal way.
- Bank OwnedThe median estimated home value of bank owned homes (REO properties) in 98003 ranges from the highest value of $749,950 in federal way to the lowest value of $223,633 in federal way. Bank owned homes and properties account for 0.62% of properties in 98003. There is 1 cities within 98003; federal way containing 10 REO properties, has the highest number of bank owned properties in a single city.
- Auctionsfederal way has 31 auction properties, the highest number of properties going to auction in a single city in the state of 98003. Auction homes and other auction properties account for 2.06% of all properties in 98003. There is 1 cities within 98003; of that cities, the median estimated home value for homes going to auction ranges from $1,004,250 in federal way to the lowest value of $198,000 in federal way.
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Guide for 98003
Washington Foreclosure Laws
Foreclosure is a term that can sometimes lead to confusion for those looking to make a real estate investment. In simple terms, it refers to the process where a lender takes possession of a property after the owner fails to keep up with their mortgage payments. When it comes to land, this means that buyers […]
Descubre todo lo que necesitas saber sobre cómo comprar una casa en ejecución hipotecaria.
Learn how to buy a foreclosed home in Chicago, Illinois.
