Federal Way, WA Home Values & Market Trends
Real estate market trends reflect that there have been 922 transactions over the past year in Federal Way. The median value for residential home transactions that occurred over the previous year is $624,194. The number of current listings in Federal Way is 2,004, and the percentage of properties for sale in the city is 2004.00%. Federal Way, WA currently has 61 properties in foreclosure, 10 bank owned properties, 31 properties headed for auction, and 2,004 properties for sale.
Federal Way, WA Real Estate Market Overview
Housing Market Summary for Federal Way, WA
| Sep 2025 | September 2026 | Change | |
|---|---|---|---|
| Median Listing Price | $625K | $628.2K | 0.52% |
| Median Sold Price | $605.6K | $596.2K | -1.56% |
| Homes For Sale | 1,470 | 2,004 | 36.33% |
| Homes Sold | 374 | 291 | -22.19% |
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 Federal Way, WA
Browse Homes in Federal Way, WA
Federal Way home values range from $86,490 to $2,900,000. The median estimated value of a home in Federal Way is $624,194. The median list price of a home is 626,580, and the total count of properties in the city is 2,410.
- Pre-ForeclosurePre-foreclosure homes account for 0.83% of all residential properties in Federal Way, WA with 98023 containing 13 pre-foreclosures, the highest number of pre-foreclosure properties in a single zip. There are 2 zips within Federal Way, WA; of those zips, the estimated home value for pre-foreclosure homes ranges from $1,162,161 in 98023 to the lowest home value of $202,066 in 98003.
- Bank OwnedThe median estimated home value of bank owned homes (REO properties) in Federal Way, WA ranges from the highest value of $749,950 in 98023 to the lowest value of $223,633 in 98003. Bank owned homes and properties account for 0.41% of properties in Federal Way, WA. There are 2 zips within Federal Way, WA; 98003 containing 6 REO properties, has the highest number of bank owned properties in a single zip.
- Auctions98003 has 20 auction properties, the highest number of properties going to auction in a single zip in the state of Federal Way, WA. Auction homes and other auction properties account for 1.29% of all properties in Federal Way, WA. There are 2 zips within Federal Way, WA; of those zips, the median estimated home value for homes going to auction ranges from $1,004,250 in 98023 to the lowest value of $198,000 in 98023.
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More Real Estate Resources for Federal Way, WA
Guide for Federal Way, WA
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.
