Federal Way, WA Housing Market
The Federal Way housing market is most competitive. Homes in Federal Way receive 3 offers on average and sell in around 9 days. The median sale price of a home in Federal Way was $630K last month, up 12.9% since last year. The median sale price per square foot in Federal Way is $329, up 5.4% since last year.
Federal Way Housing Market Trends
In April 2024, Federal Way home prices were up 12.9% compared to last year, selling for a median price of $630K. On average, homes in Federal Way sell after 9 days on the market compared to 5 days last year. There were 57 homes sold in April this year, down from 87 last year.
How much is your home worth? Track your home’s value and compare it to nearby sales.
How hot is the Federal Way housing market?
The Redfin Compete Score rates how competitive an area is on a scale of 0 to 100, where 100 is the most competitive.
Calculated over the last 3 months
- Most homes get multiple offers, often with waived contingencies.
- The average homes sell for about 1% above list price and go pending in around 7 days.
- Hot homescan sell for about 3% above list price and go pending in around 4 days.
The Redfin Compete Score rates how competitive an area is on a scale of 0 to 100, where 100 is the most competitive.
Calculated over the last 3 months
- Many homes get multiple offers, some with waived contingencies.
- The average homes sell for about 1% above list price and go pending in around 7 days.
- Hot homescan sell for about 4% above list price and go pending in around 4 days.
The Redfin Compete Score rates how competitive an area is on a scale of 0 to 100, where 100 is the most competitive.
Calculated over the last 3 months
- Many homes get multiple offers, some with waived contingencies.
- The average homes sell for about 1% above list price and go pending in around 7 days.
- Hot homescan sell for about 3% above list price and go pending in around 4 days.
Federal Way Migration & Relocation Trends
- Across the nation, 3% of homebuyers searched to move into Federal Way from outside metros.
- San Francisco homebuyers searched to move into Federal Way more than any other metro followed by New York and Washington.
- 80% of Federal Way homebuyers searched to stay within the Federal Way metropolitan area.
- Phoenix was the most popular destination among Federal Way homebuyers followed by Bellingham and Portland.
Inbound | Net inflow | ||
---|---|---|---|
Metros | Mar '24 - May '24 | ||
1 | 1,822 | ||
2 | 1,111 | ||
3 | 201 | ||
4 | 15 | ||
5 | 8 | ||
6 | 7 | ||
7 | 6 | ||
8 | 5 | ||
9 | 3 | ||
10 | 3 |
Outbound | Net outflow | ||
---|---|---|---|
Metros | Mar '24 - May '24 | ||
1 | 3,986 | ||
2 | 3,013 | ||
3 | 2,625 | ||
4 | 2,519 | ||
5 | 2,096 | ||
6 | 1,788 | ||
7 | 1,537 | ||
8 | 1,171 | ||
9 | 1,137 | ||
10 | 1,106 |
View houses in Federal Way that sold recently
Recently sold homes
- $345,000 Last Sold Price2 beds2 baths1,116 sq ft1920 S 368th Pl #205, Federal Way, WA 98003Julia Galleher • Keller Williams Realty PS Metro Seattle PropertiesList Price$349,950Sale to List1% under listDays on Market34 days1920 S 368th Pl #205, Federal Way, WA 98003
- $665,000 Last Sold Price3 beds2 baths2,050 sq ft32505 23rd Ave SW, Federal Way, WA 98023RE/MAX All City RedfinList Price$664,950Sale to List0% over listDays on Market28 days32505 23rd Ave SW, Federal Way, WA 98023
- $720,000 Last Sold Price3 beds2.5 baths1,950 sq ft30236 21st Ave S, Federal Way, WA 98003Wes Jones • Keller Williams Rlty Bellevue Keller Williams Realty PSList Price$695,000Sale to List4% over listDays on Market35 days30236 21st Ave S, Federal Way, WA 98003
- $115,000 Last Sold Price3 beds2 baths1,848 sq ft2500 S 370th St #157, Federal Way, WA 98003Jessie Johanson • Better Properties Soundview AquaList Price$115,000Sale to List0% over listDays on Market33 days2500 S 370th St #157, Federal Way, WA 98003
- $712,225 Last Sold Price4 beds2.5 baths2,820 sq ft33103 11th Ave SW, Federal Way, WA 98023Haaken Bruce Johnson • Windermere RE West Campus Inc Padden Properties LLCList Price$769,950Sale to List7% under listDays on Market32 days33103 11th Ave SW, Federal Way, WA 98023
- $700,000 Last Sold Price5 beds3 baths2,188 sq ft33942 28th Pl SW, Federal Way, WA 98023Sandi Wien • Gillis Real Estate LLC Best Choice RealtyList Price$699,500Sale to List0% over listDays on Market40 days33942 28th Pl SW, Federal Way, WA 98023
- $734,995 Last Sold Price4 beds2.5 baths1,860 sq ft30116 19th Ave S #28, Federal Way, WA 98003Diane Stapleton • DR Horton RE/MAX Metro Realty, Inc.List Price$734,995Sale to List0% over listDays on Market74 days30116 19th Ave S #28, Federal Way, WA 98003
- $725,000 Last Sold Price5 beds2.5 baths2,150 sq ft32921 47th Ave SW, Federal Way, WA 98023Sheryl McLaren • Best Choice Realty eXp RealtyList Price$725,000Sale to List0% over listDays on Market61 days32921 47th Ave SW, Federal Way, WA 98023
See all recently sold homes in Federal Way.
See listings
Schools in Federal Way
- Elementary
- Middle
- High
GreatSchools Rating
7/10 Twin Lakes Elementary School Public • PreK-5 | 322 Students | 6 reviews |
6/10 Crescent Heights Public • K-5 | 418 Students | 10 reviews |
6/10 Nautilus Elementary School Public • K-8 | 491 Students | 17 reviews |
5/10 Green Gables Elementary School Public • PreK-5 | 347 Students | 7 reviews |
5/10 Sherwood Forest Elementary School Public • PreK-5 | 392 Students | 7 reviews |
Climate's impact on Federal Way housing
Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that could impact homes in Federal Way.
Flood Factor - Moderate
Flood Factor
Fire Factor - Minor
Fire Factor
Wind Factor - Minimal
Wind Factor
Heat Factor - Moderate
Heat Factor
Transportation in Federal Way
Walk Score®
Transit Score®
Bike Score®
More real estate resources for Federal Way
New Listings in Federal Way
Zip Code Housing Markets
Neighborhood Housing Markets
Nearby City Housing Markets
Zip Code Listings
Neighborhood Listings
Nearby City Listings
About us
Find us
Subsidiaries
Copyright: © 2024 Redfin. All rights reserved.
Updated January 2023: By searching, you agree to the Terms of Use, and Privacy Policy.
Do not sell or share my personal information.
REDFIN and all REDFIN variants, TITLE FORWARD, WALK SCORE, and the R logos, are trademarks of Redfin Corporation, registered or pending in the USPTO.
California DRE #01521930
Redfin is licensed to do business in New York as Redfin Real Estate. NY Standard Operating Procedures
New Mexico Real Estate Licenses
TREC: Info About Brokerage Services, Consumer Protection Notice
If you are using a screen reader, or having trouble reading this website, please call Redfin Customer Support for help at 1-844-759-7732.
REDFIN IS COMMITTED TO AND ABIDES BY THE FAIR HOUSING ACT AND EQUAL OPPORTUNITY ACT. READ REDFIN'S FAIR HOUSING POLICY AND THE NEW YORK STATE FAIR HOUSING NOTICE.