Federal Way, WA Home Values & Market Trends
Real estate market trends reflect that there have been 944 transactions over the past year in Federal Way. The median value for residential home transactions that occurred over the previous year is $596,720.7. The number of current listings in Federal Way is 16, and the percentage of properties for sale in the city is 16.00%. Federal Way, WA currently has 28 properties in foreclosure, 1 bank owned properties, 26 properties headed for auction, and 16 properties for sale.
Federal Way, WA Real Estate Market Overview
Housing Market Summary for Federal Way, WA
| Apr 2023 | March 2024 | Change | |
|---|---|---|---|
| Median Listing Price | $599K | $543.5K | -9.26% |
| Median Sold Price | $552.4K | $543.5K | -1.61% |
| Homes For Sale | 23 | 14 | -39.13% |
| Homes Sold | 630 | 509 | -19.21% |
Price Per Square Foot
On an average, Single Family homes cost $33 more per sqft than Condos. In comparison with sales price/sqft last week, list price/sqft of Single Family homes increased by 1.93% whereas, list price/sqft of Condos increased by 9.38%.
Recently Sold Homes
Explore recent offers and recently sold homes in Federal Way, WA
Browse Homes in Federal Way, WA
Federal Way home values range from $27,150 to $32,986,076. The median estimated value of a home in Federal Way is $596,720.7. The median list price of a home is 612,250, and the total count of properties in the city is 24,830.
- Pre-ForeclosurePre-foreclosure homes account for 0.00% of all residential properties in Federal Way, WA with 98003 containing 1 pre-foreclosures, the highest number of pre-foreclosure properties in a single zip. There are 2 zips within Federal Way, WA; of those zips, the estimated home value for pre-foreclosure homes ranges from $341,603 in 98003 to the lowest home value of $341,603 in 98003.
- Bank OwnedThe median estimated home value of bank owned homes (REO properties) in Federal Way, WA ranges from the highest value of $658,239 in 98023 to the lowest value of $658,239 in 98023. Bank owned homes and properties account for 0.00% of properties in Federal Way, WA. There are 2 zips within Federal Way, WA; 98023 containing 1 REO properties, has the highest number of bank owned properties in a single zip.
- Auctions98003 has 13 auction properties, the highest number of properties going to auction in a single zip in the state of Federal Way, WA. Auction homes and other auction properties account for 0.10% of all properties in Federal Way, WA. There are 2 zips within Federal Way, WA; of those zips, the median estimated home value for homes going to auction ranges from $1,603,219 in 98023 to the lowest value of $341,603 in 98023.
Compare Nearby Cities
More Real Estate Resources for Federal Way, WA
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