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 $328, up 7.0% 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
- $527,000 Last Sold Price3 beds2 baths1,370 sq ft31230 9th Ave S, Federal Way, WA 98003Kami Shaw • Shiloh Street Marketplace Sotheby's Intl RtyList Price$520,000Sale to List1% over listDays on Market24 days31230 9th Ave S, Federal Way, WA 98003
- $535,000 Last Sold Price3 beds1 bath968 sq ft507 S 318th Pl, Federal Way, WA 98003Abby Santos • Better Properties Kent Keller Williams Realty PSList Price$535,000Sale to List0% over listDays on Market19 days507 S 318th Pl, Federal Way, WA 98003
- $595,000 Last Sold Price3 beds3 baths1,800 sq ft2619 S 379th Pl, Federal Way, WA 98003Violeta Strash • Coldwell Banker Danforth Coldwell Banker BainList Price$595,000Sale to List0% over listDays on Market46 days2619 S 379th Pl, Federal Way, WA 98003
- $352,000 Last Sold Price3 beds1.5 baths1,354 sq ft32616 2nd Pl S, Federal Way, WA 98003Jim McConville • Berkshire Hathaway HS NW Skyline Properties, Inc.List Price$350,000Sale to List1% over listDays on Market58 days32616 2nd Pl S, Federal Way, WA 98003
- $730,000 Last Sold Price3 beds2.5 baths2,760 sq ft29333 13th Ave S, Federal Way, WA 98003Stephen Fried • eXp Realty John L Scott WestwoodList Price$749,950Sale to List3% under listDays on Market62 days29333 13th Ave S, Federal Way, WA 98003
- $640,000 Last Sold Price3 beds2.5 baths1,920 sq ft37307 17th Ave S, Federal Way, WA 98003Tamera Camp • John L. Scott, Inc. Skyline Properties, Inc.List Price$630,000Sale to List2% over listDays on Market37 days37307 17th Ave S, Federal Way, WA 98003
- $650,000 Last Sold Price3 beds2 baths2,057 sq ft31332 13th Ave S, Federal Way, WA 98003Aaron LeFebvre • Keller Williams Realty PS eXp RealtyList Price$685,000Sale to List5% under listDays on Market29 days31332 13th Ave S, Federal Way, WA 98003
- $615,000 Last Sold Price4 beds2.5 baths2,020 sq ft31323 33rd Ave SW, Federal Way, WA 98023SASH Realty RedfinList Price$575,000Sale to List7% over listDays on Market22 days31323 33rd Ave SW, Federal Way, WA 98023
See all recently sold homes in Federal Way.
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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
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Wind Factor - Minimal
Wind Factor
Heat Factor - Moderate
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Transportation in Federal Way
Walk Score®
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Bike Score®
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