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 $580K last month, up 6.3% since last year. The median sale price per square foot in Federal Way is $310, up 3.5% since last year.
What is the housing market like in Federal Way today?
In March 2024, Federal Way home prices were up 6.3% compared to last year, selling for a median price of $580K. On average, homes in Federal Way sell after 9 days on the market compared to 7 days last year. There were 49 homes sold in March this year, down from 86 last year.
All Home Types
Median Sale PriceAll Home Types
Median Sale Price
(All Home Types)
$580,000
+6.3% YoY | Mar 2024
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
Mar 2024
Growth
% YoY
Federal Way, WA
$580,000
+6.3%
United States
To compare other locations to the Federal Way and U.S. housing market, enter a city, neighborhood, state, or zip code into the search bar. Learn which home features in Federal Way add value to a home.
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How hot is the Federal Way housing market?
Federal Way is very competitive. Homes sell in 12.5 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 about 1% above list price and go pending in around 13 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
Winning Offer|
12 Weeks Ago
~$750K Offer
4bd | 2.5ba | ~2,250sqft
Over List Price
7%
Days on Market
5
Competing Offers
4
Down Payment
~30%
Angela Cramer
Federal Way Redfin Agent
Multiple offers received. To win we waived all contingencies and released EM early.
Offer Not Accepted|
8 Weeks Ago
~$450K Offer
Sold for $500K
4bd | 1.5ba | ~1,500sqft
Under List Price
6%
Days on Market
4
Competing Offers
3
Down Payment
<10%
Renee Rossi
Federal Way Redfin Agent
Offer Not Accepted|
12 Weeks Ago
~$450K Offer
Sold for $600K
5bd | 2.5ba | ~3,000sqft
Over List Price
5%
Days on Market
1
Competing Offers
15
Down Payment
—
Darlene Heseltine
Federal Way Redfin Agent
View houses in Federal Way that sold recently
Recently sold homes
SOLD APR 18, 2024
$245,000 Last Sold Price
1 bed
1 bath
780 sq ft
1835 S 286th Ln Unit R103, Federal Way, WA 98003
Lori Lewandowski • John L. Scott, Inc Mosaic Realty
This area's enrollment policy is not based solely on geography. Please check the school district website for more information.
GreatSchools Rating
8/10
Crescent Heights
Public • K-5
440
Students
9 reviews
7/10
Twin Lakes Elementary School
Public • PreK-5
371
Students
6 reviews
7/10
Brigadoon Elementary School
Public • PreK-5
381
Students
6 reviews
6/10
Northeast Tacoma
Public • PreK-5
416
Students
11 reviews
5/10
Green Gables Elementary School
Public • PreK-5
382
Students
7 reviews
Only showing 5 of
24 elementary schools.
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.
Risk Factor
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. 647 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.
8% of properties are at risk of wildfire over the next 30 years
Fire Factor
Federal Way has a minor risk of wildfire. There are 1,922 properties in Federal Way that have some risk of being affected by wildfire over the next 30 years. This represents 8% 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.