Federal Way, WA Housing Market
The Federal Way housing market is very 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 $313, down 0.63% 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
- Many homes get multiple offers, some with waived contingencies.
- The average homes sell for about 1% above list price and go pending in around 9 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 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 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 | Feb '24 - Apr '24 | ||
1 | 2,406 | ||
2 | 1,003 | ||
3 | 139 | ||
4 | 11 | ||
5 | 6 | ||
6 | 4 | ||
7 | 4 | ||
8 | 4 | ||
9 | 3 | ||
10 | 3 |
Outbound | Net outflow | ||
---|---|---|---|
Metros | Feb '24 - Apr '24 | ||
1 | 4,225 | ||
2 | 2,668 | ||
3 | 2,173 | ||
4 | 1,951 | ||
5 | 1,712 | ||
6 | 1,709 | ||
7 | 1,674 | ||
8 | 1,303 | ||
9 | 1,220 | ||
10 | 1,165 |
Home offer insights for Federal Way
Recent offers
View houses in Federal Way that sold recently
Recently sold homes
- $250,000 Last Sold Price2 beds2 baths831 sq ft31003 14th Ave S Unit A20, Federal Way, WA 98003Katie Melton • Every Door Real Estate Skyline Properties, Inc.List Price$250,000Sale to List0% over listDays on Market42 days31003 14th Ave S Unit A20, Federal Way, WA 98003
- $814,995 Last Sold Price4 beds3.5 baths2,559 sq ft30209 19th Ave S #45, Federal Way, WA 98003Diane Stapleton • DR Horton DR HortonList Price$814,995Sale to List0% over listDays on Market53 days30209 19th Ave S #45, Federal Way, WA 98003
- $690,000 Last Sold Price3 beds2.5 baths1,800 sq ft27719 21st Pl S, Federal Way, WA 98003Stephanie Herrmann • Better Properties Soundview CENTURY 21 North Homes RealtyList Price$685,000Sale to List1% over listDays on Market34 days27719 21st Pl S, Federal Way, WA 98003
- $789,995 Last Sold Price4 beds3.5 baths2,559 sq ft30303 19th Ave S #51, Federal Way, WA 98003Tanya Foster • DR Horton Roopa GroupList Price$789,995Sale to List0% over listDays on Market56 days30303 19th Ave S #51, Federal Way, WA 98003
- $650,000 Last Sold Price3 beds3 baths1,940 sq ft28618 15th Ave S, Federal Way, WA 98003Amber Bills • The Amber Bills Group WeLakesideList Price$649,950Sale to List0% over listDays on Market34 days28618 15th Ave S, Federal Way, WA 98003
- $610,000 Last Sold Price4 beds2.5 baths1,700 sq ft2404 SW 307th St, Federal Way, WA 98023Jaryd Ruffner • eXp Realty Skyline Properties, Inc.List Price$579,000Sale to List5% over listDays on Market44 days2404 SW 307th St, Federal Way, WA 98023
- $260,000 Last Sold Price1 bed1 bath780 sq ft1840 S 284th Ln Unit H-103, Federal Way, WA 98003Kaydee Jones • Real Broker LLCList Price$249,000Sale to List4% over listDays on Market34 days1840 S 284th Ln Unit H-103, Federal Way, WA 98003
- $205,000 Last Sold Price1 bed1 bath623 sq ft31003 14th Ave S Unit C11, Federal Way, WA 98003Christy Bach • Skyline Properties, Inc. Better Properties - MetroList Price$208,000Sale to List1% under listDays on Market42 days31003 14th Ave S Unit C11, Federal Way, WA 98003
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
Fire Factor
Wind Factor - Minimal
Wind Factor
Heat Factor - Moderate
Heat Factor
Transportation in Federal Way
Walk Score®
Transit Score®
Bike Score®
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