The Federal Way housing market is very competitive. Homes in Federal Way receive 2 offers on average and sell in around 11 days. The median sale price of a home in Federal Way was $643K last month, up 2.8% since last year. The median sale price per square foot in Federal Way is $311, down 6.9% since last year.
What is the housing market like in Federal Way today?
In February 2025, Federal Way home prices were up 2.8% compared to last year, selling for a median price of $643K. On average, homes in Federal Way sell after 11 days on the market compared to 33 days last year. There were 52 homes sold in February this year, up from 45 last year.
All Home Types
Median Sale PriceAll Home Types
Median Sale Price
(All Home Types)
$642,500
+2.8% YoY | Feb 2025
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
Feb 2025
Growth
% YoY
Federal Way, WA
$642,500
+2.8%
United States
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How hot is the Federal Way housing market?
Federal Way is very competitive. Homes sell in 22 days.
0
100
76
Very Competitive
Redfin Compete Score™
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 around list price and go pending in around 22 days.
Hot homes
can sell for about 1% above list price and go pending in around 5 days.
This data does not reflect actual moves. The latest migration analysis is based on a sample of about two
million Redfin.com users who searched for homes across more than 100 metro areas. To be included in this dataset, a Redfin.com user
must have viewed at least 10 homes in a three month period. This dataset excludes all rentals data.
Home offer insights for Federal Way
Explore recent offers and recently sold homes in Federal Way
Recent offers
Offer Not Accepted|
5 Weeks Ago
~$425K Offer
Sold for $425K
2bd | 2.25ba | ~1,500sqft
Over List Price
0%
Days on Market
3
Competing Offers
2
Down Payment
~20%
Dawne Talbott-Lloyd
Federal Way Redfin Agent
Customers decided to withdraw their offer before consideration
Offer Not Accepted|
10 Weeks Ago
~$750K Offer
Sold for $900K
4bd | 2.75ba | ~3,500sqft
Over List Price
0%
Days on Market
7
Competing Offers
15
Down Payment
~50%
Jessica Birch
Federal Way Redfin Agent
Submitted full price offer with escalation up to $30,000 over list price. Short 4 day inspection, waived title contingency and seller's disclosure review. Listing Agent informed us they received 15 competing offers on the home.…
More
Offer Not Accepted|
7 Weeks Ago
~$750K Offer
Sold for $800K
4bd | 2.5ba | ~2,750sqft
Over List Price
0%
Days on Market
8
Competing Offers
2
Down Payment
<10%
Dawn Tinebra
Federal Way Redfin Agent
View houses in Federal Way that sold recently
Recently sold homes
SOLD MAR 19, 2025
$290,000 Last Sold Price
2 beds
2 baths
1,207 sq ft
2007 SW 318th Pl Unit 7C, Federal Way, WA 98023
Stephanie Callen • Coldwell Banker Bain Icon Group
School data provided by GreatSchools. School service boundaries are intended to be used as reference only. To verify enrollment eligibility for a property, contact the school directly.
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
5% of properties are at risk of severe flooding over the next 30 years
Flood Factor
Federal Way has a moderate risk of flooding. 644 properties in Federal Way are likely to be
severely affected
by flooding over the next 30 years. This represents 5% of all properties in Federal Way. Flood risk is increasing slower than the national average.
2% of properties are at risk of wildfire over the next 30 years
Fire Factor
Federal Way has a moderate risk of wildfire. There are 488 properties in Federal Way that have some risk of being affected by wildfire over the next 30 years. This represents 2% of all properties in Federal Way.
Federal Way has minimal risk of severe winds over the next 30 years
Wind Factor
Federal Way has a Minimal Wind Factor®, which means there is a very low likelihood that hurricane, tornado or severe storm winds will impact this area.