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 $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.
Federal Way Housing Market Trends
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.
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 12 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 around list price and go pending in around 10 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 around list price and go pending in around 8 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.
- 79% 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 | Jan '24 - Mar '24 | ||
1 | 2,468 | ||
2 | 852 | ||
3 | 159 | ||
4 | 9 | ||
5 | 6 | ||
6 | 4 | ||
7 | 4 | ||
8 | 3 | ||
9 | 2 | ||
10 | 2 |
Outbound | Net outflow | ||
---|---|---|---|
Metros | Jan '24 - Mar '24 | ||
1 | 4,311 | ||
2 | 2,288 | ||
3 | 2,180 | ||
4 | 1,714 | ||
5 | 1,708 | ||
6 | 1,639 | ||
7 | 1,421 | ||
8 | 1,347 | ||
9 | 1,278 | ||
10 | 1,233 |
View houses in Federal Way that sold recently
Recently sold homes
- $365,000 Last Sold Price2 beds2 baths1,500 sq ft32820 20th Ave S #31, Federal Way, WA 98003Jon Wind • Berkshire Hathaway HS NW Best Choice RealtyList Price$369,990Sale to List1% under listDays on Market77 days32820 20th Ave S #31, Federal Way, WA 98003
- $270,000 Last Sold Price2 beds1 bath769 sq ft33020 17th Pl S Unit B-108, Federal Way, WA 98003Flux Real Estate RedfinList Price$270,000Sale to List0% over listDays on Market70 days33020 17th Pl S Unit B-108, Federal Way, WA 98003
- $935,000 Last Sold Price3 beds2.5 baths3,090 sq ft1218 SW 301st St, Federal Way, WA 98023Larry Wilcynski • Windermere Real Estate Midtown John L. Scott, IncList Price$950,000Sale to List2% under listDays on Market61 days1218 SW 301st St, Federal Way, WA 98023
- $740,000 Last Sold Price4 beds2.5 baths2,360 sq ft1008 SW 314th Pl, Federal Way, WA 98023Stephen Janho • Windermere RE West Campus Inc Skyline Properties, Inc.List Price$719,500Sale to List3% over listDays on Market27 days1008 SW 314th Pl, Federal Way, WA 98023
- $490,000 Last Sold Price3 beds1 bath1,050 sq ft30115 2nd Pl SW, Federal Way, WA 98023Redfin WeLakesideList Price$459,950Sale to List7% over listDays on Market47 days30115 2nd Pl SW, Federal Way, WA 98023
- $769,000 Last Sold Price5 beds3.5 baths2,960 sq ft1130 SW 322nd St, Federal Way, WA 98023Liz Nettles • RE/MAX Northwest Windermere Real Estate/PSK IncList Price$769,000Sale to List0% over listDays on Market40 days1130 SW 322nd St, Federal Way, WA 98023
- $850,860 Last Sold Price4 beds3.5 baths2,785 sq ft30021 19th Ave S #36, Federal Way, WA 98003Diane Stapleton • DR Horton Best Choice RealtyList Price$849,995Sale to List0% over listDays on Market64 days30021 19th Ave S #36, Federal Way, WA 98003
- $245,000 Last Sold Price3 beds2 baths1,680 sq ft29401 Military Rd S #54, Federal Way, WA 98003Eugene Balika • Pellego, Inc. Windermere Professional PrtnrsList Price$250,000Sale to List2% under listDays on Market86 days29401 Military Rd S #54, 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
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 |
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
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Wind Factor - Minimal
Wind Factor
Heat Factor - Moderate
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Transportation in Federal Way
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Bike Score®
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