98023 Home Values & Market Trends
There are 1,132 homes currently listed for 98023. 98023 real estate market trends show that home prices range from $132,600 to $2,290,000, and the median sales price in the 98023 zip code is $637,180. The total number of properties sold within the past twelve months is 518. In 98023, 28 properties are in foreclosure, 4 are bank owned properties,and 11 are headed for auction.
Housing Market Summary for 98023
| Sep 2025 | September 2026 | Change | |
|---|---|---|---|
| Median Listing Price | $650K | $650K | - |
| Median Sold Price | $618.8K | $601.3K | -2.81% |
| Homes For Sale | 844 | 1,130 | 33.89% |
| Homes Sold | 239 | 170 | -28.87% |
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 98023
Browse Homes in 98023
The median list price of a home in Federal Way, is $637,180. A total of 1,132 properties are for sale, and the percentage of properties for sale in the zip code is 1132.00%. The total count of 98023 properties is 1,356.
- Pre-ForeclosurePre-foreclosure homes account for 0.96% of all residential properties in 98023 with federal way containing 20 pre-foreclosures, the highest number of pre-foreclosure properties in a single city. There is 1 cities within 98023; 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 98023 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 0.29% of properties in 98023. There is 1 cities within 98023; 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 98023. Auction homes and other auction properties account for 0.81% of all properties in 98023. There is 1 cities within 98023; 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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More Real Estate Resources for 98023
Guide for 98023
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.
