Steel Lake, WA Housing Market

The Steel Lake housing market is very competitive. The median sale price of a home in Steel Lake was $295K last month, down 62.4% since last year. The median sale price per square foot in Steel Lake is $306, up 2.7% since last year.

Trends
Demand
Schools
Climate

Steel Lake Housing Market Trends

What is the housing market like in Steel Lake today?

$295K

Sale Price

-62.4%
since last year

$306

Sale $/Sq. Ft.

+2.7%
since last year

Under List Price

0.8%

Days on Market

Down Payment

14.9%

Total Homes Sold

To compare other locations to the Steel Lake 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 Steel Lake housing market?

Steel Lake is very competitive. Homes sell in 20 days.

100

Very Competitive

Many homes get multiple offers, some with waived contingencies.
The average homes sell for about 1% below list price and go pending in around 20 days.
Hot homes
can sell for about 1% above list price and go pending in around 11 days.

Compare With Nearby Neighborhoods

Redondo

100

Somewhat Competitive

Some homes get multiple offers.
The average homes sell for about 2% below list price and go pending in around 30 days.
Hot homes
can sell for around list price and go pending in around 13 days.

See more nearby cities and neighborhoods

View houses in Steel Lake that sold recently

Recently sold homes

SOLD MAR 13, 2025
$525,000 Last Sold Price
—beds
—baths
2,220 sq ft
31117 24th Ave S, Federal Way, WA 98023
Michael Morrow • John L. Scott, Inc. John L. Scott, Inc.
List Price
$525,000
Sale to List
0% over list
Days on Market
0 days
31117 24th Ave S, Federal Way, WA 98023
SOLD MAR 12, 2025
$930,000 Last Sold Price
4 beds
3.5 baths
3,000 sq ft
2044 S 312th St, Federal Way, WA 98003
Tim Manchik • Best Choice Realty LLC Berkshire Hathaway HS NW
List Price
$899,000
Sale to List
3% over list
Days on Market
40 days
2044 S 312th St, Federal Way, WA 98003
SOLD MAR 3, 2025
$440,000
4 beds
2 baths
2,090 sq ft
833 S Dash Point Rd, Federal Way, WA 98003
List Price
—
Sale to List
—
Days on Market
—
833 S Dash Point Rd, Federal Way, WA 98003
SOLD FEB 27, 2025
$333,000 Last Sold Price
3 beds
2 baths
1,065 sq ft
29645 18th Ave S Unit A304, Federal Way, WA 98003
Kathy Callahan • Windermere RE South Sound, Inc John L. Scott, Inc.
List Price
$330,000
Sale to List
1% over list
Days on Market
26 days
29645 18th Ave S Unit A304, Federal Way, WA 98003
SOLD FEB 7, 2025
$257,450 Last Sold Price
2 beds
1.5 baths
856 sq ft
2504 S 317th St #103, Federal Way, WA 98003
Mustapha Math • John L. Scott, Inc eXp Realty
List Price
$249,950
Sale to List
3% over list
Days on Market
91 days
2504 S 317th St #103, Federal Way, WA 98003
SOLD DEC 31, 2024
$700,000
3 beds
2.5 baths
2,060 sq ft
1321 S 303rd St, Federal Way, WA 98003
List Price
—
Sale to List
—
Days on Market
—
1321 S 303rd St, Federal Way, WA 98003
SOLD DEC 30, 2024
$553,000 Last Sold Price
3 beds
2 baths
1,340 sq ft
30126 29th Ave S, Federal Way, WA 98003
Kelsi Dockins • COMPASS Keller Williams Eastside
List Price
$550,000
Sale to List
1% over list
Days on Market
46 days
30126 29th Ave S, Federal Way, WA 98003
SOLD DEC 19, 2024
$587,000 Last Sold Price
3 beds
1.5 baths
1,750 sq ft
1931 S 304th St, Federal Way, WA 98003
Mia Klarich • Windermere Real Estate Midtown KW Greater Seattle
List Price
$590,000
Sale to List
1% under list
Days on Market
57 days
1931 S 304th St, Federal Way, WA 98003
See all recently sold homes in Steel Lake.
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Schools in Steel Lake

Learn about schools in the Steel Lake area

Elementary
Middle
High

GreatSchools Rating

3/10 Internet Academy Public • PreK-12	545 Students	5 reviews
2/10 Wildwood Elementary School Public • PreK-5	487 Students	2 reviews

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 Steel Lake housing

Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that could impact homes in Steel Lake.

Provided by First Street Foundation

More real estate resources for Steel Lake

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