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 $595K last month, down 0.85% since last year. The median sale price per square foot in Federal Way is $340, up 4.0% since last year.
What is the housing market like in Federal Way today?
In May 2025, Federal Way home prices were down 0.85% compared to last year, selling for a median price of $595K. On average, homes in Federal Way sell after 11 days on the market compared to 8 days last year. There were 72 homes sold in May this year, down from 74 last year.
All Home Types
Median Sale PriceAll Home Types
Median Sale Price
(All Home Types)
$594,870
-0.85% YoY | May 2025
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
May 2025
Growth
% YoY
Federal Way, WA
$594,870
-0.85%
United States
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How hot is the Federal Way housing market?
Federal Way is very competitive. Homes sell in 7 days.
0
100
86
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 7 days.
Hot homes
can sell for about 3% above list price and go pending in around 4 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|
9 Weeks Ago
~$600K Offer
Sold for $600K
3bd | 2.25ba | ~1,500sqft
Over List Price
8%
Days on Market
5
Competing Offers
8
Down Payment
~10%
Jacquie Byrne
Federal Way Redfin Agent
The buyer was pre approved with Rocket Mortgage. the listing agent could not reach the lender after multiple attempts. The LA did not let me know he was having issues reaching the lender. Waived all contingencies except financing and Low appraisal. Came in second place due to the lenders lack of availability. …
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 - Minor
4% of properties are at risk of severe flooding over the next 30 years
Flood Factor
Federal Way has a minor risk of flooding. 596 properties in Federal Way are likely to be
severely affected
by flooding over the next 30 years. This represents 4% 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.