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
- $500,000 Last Sold Price3 beds2.5 baths1,880 sq ft33820 37th Ave SW, Federal Way, WA 98023Nancy Lee • Keller Williams Realty Windermere R.E. Northeast, IncList Price$449,000Sale to List11% over listDays on Market17 days33820 37th Ave SW, Federal Way, WA 98023
- $230,000 Last Sold Price2 beds2 baths1,052 sq ft2101 S 324th St #78, Federal Way, WA 98003Chris Nye • MLS4owners.com MLS4owners.comList Price$249,500Sale to List8% under listDays on Market17 days2101 S 324th St #78, Federal Way, WA 98003
- $553,277 Last Sold Price4 beds2 baths1,512 sq ft5416 34th Ct NE, Tacoma, WA 98422Shannon Reynolds • Better Properties N. Proctor Windermere Prof PartnersList Price$525,000Sale to List5% over listDays on Market34 days5416 34th Ct NE, Tacoma, WA 98422
- $550,000 Last Sold Price3 beds1 bath1,290 sq ft3701 SW 335th Ct, Federal Way, WA 98023Yelena Vranna • Pellego, Inc. Every Door Real EstateList Price$539,950Sale to List2% over listDays on Market21 days3701 SW 335th Ct, Federal Way, WA 98023
- $799,995 Last Sold Price4 beds3.5 baths2,559 sq ft30027 19th Ave S #37, Federal Way, WA 98003Tanya Foster • DR Horton DR HortonList Price$799,995Sale to List0% over listDays on Market58 days30027 19th Ave S #37, Federal Way, WA 98003
- $1,090,000 Last Sold Price3 beds3 baths4,080 sq ft833 S Marine Hills Way, Federal Way, WA 98003Tracy Krueger • RE/MAX Gateway Windermere RE West Campus IncList Price$1,100,000Sale to List1% under listDays on Market44 days833 S Marine Hills Way, Federal Way, WA 98003
- $804,995 Last Sold Price5 beds2.5 baths2,335 sq ft30016 19th Ave S Unit WR 31, Federal Way, WA 98003Kevin Lu • DR Horton DR HortonList Price$804,995Sale to List0% over listDays on Market96 days30016 19th Ave S Unit WR 31, Federal Way, WA 98003
- $455,000 Last Sold Price3 beds1 bath1,390 sq ft1055 S 317th St, Federal Way, WA 98003Tanya Headrick • eXp Realty Skyline Properties, Inc.List Price$449,999Sale to List1% over listDays on Market29 days1055 S 317th St, 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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