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Featured local agent — Federal Way, WA
Sarah Mitchell
Compass Real Estate · Federal Way, WA
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Federal Way, WA Housing Market & Real Estate
Housing market overview · Updated monthly ·
$638,750median sale price
How is the Federal Way, WA housing market right now?
The median home sale price in Federal Way, WA is $638,750, up 7.4% year-over-year. Homes sell in an average of 10 days with 182 active listings. The market is currently a seller's market. (Source: Redfin monthly MLS data, as of May 2026 — the most recent Redfin release; Redfin publishes each month's data on a ~6-week lag.)
Is Federal Way a buyer's or seller's market?
Federal Way, WA is currently a seller's market, based on 3.4 months of supply and homes selling in about 10 days. How we determine this →
Homes sold
54
Last 12 weeks
Days on market
10
Fast-moving
Active listings
182
3.4 months supply
Sale-to-list
100.1%
Above asking
What does the Federal Way housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $638,750 |
| Median list price | $645,450 |
| Year-over-year price change | +7.4% |
| Average days on market | 10 days |
| Active inventory | 182 listings |
| Months of supply | 3.4 months |
| Sale-to-list price ratio | 100.1% |
| Median price per sq ft | $307/sq ft |
| Homes sold (latest month) | 54 |
| New listings (latest month) | 120 |
| Listings with a price cut | 32.4% |
| Market condition | Seller's market |
Source: Redfin · Updated monthly
How much do homes cost in Federal Way by property type?
How the Federal Way, WA market breaks down across single-family homes, condos, and townhouses.
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $667,475 | $330/sq ft | 40 | 9 days |
| Condo / Co-op | $228,500 | $288/sq ft | 10 | 33 days |
| Townhouse | $414,500 | $279/sq ft | 4 | 23 days |
Source: Redfin · Updated monthly
The Federal Way housing market is currently classified as a seller's market with a median sale price of $638,750. Prices have risen 7.4% compared to last year, with homes spending an average of 10 days on market, indicating 3.4 months of inventory.With limited inventory, homes sell quickly and buyers should be prepared to act decisively and competitively to secure a property.The price-to-income ratio of 7.3x provides context for how home values compare to local earning capacity.
Homes for sale in Federal Way
There are currently 182 homes listed for sale in Federal Way, Washington. The median listing price is $645K.
Active listings
182
Homes on market
Median list price
$645K
Avg. days on market
10
Days until sale
New this week
120
Newly listed
Who lives in Federal Way?
Population
99,232
Median income
$82,144/yr
Median age
37.6 years
Owner-occupied
55.7%
College grads
31.1%
Avg commute
32.4 min
Source: U.S. Census Bureau ACS
What are homes worth in Federal Way?
Zillow home value
$600,995
Zillow rent index
$1,935/mo
Price-to-rent ratio
25.9x
Price-to-income
7.3x
Source: Zillow Research
What is it like to live in Federal Way?
Federal Way is a community of approximately 99K residents with a median age of 37.6 years.The median household income is $82,144, which reflects a relatively affluent area with strong earning potential. 31.1% of residents hold a bachelor's degree or higher, showing a mixed educational demographic.
Homeownership rates are at 55.7%, showing a blend of owner and renter-occupied properties. The average commute time is 32.4 minutes, which suggests a more suburban or rural location for those willing to commute longer distances.Overall, Federal Way offers a balanced lifestyle with accessible home values relative to local income levels.
Which public schools serve Federal Way?
33 schools tracked · 14,596 students
The largest public schools serving Federal Way, WA by enrollment, drawn from the National Center for Education Statistics. School quality is a commonly cited factor in home-buying decisions — these are the campuses families in this area are most likely to encounter.
Federal Way High School
Grades 9-12 · 1,645 students
Todd Beamer High School
Grades 9-12 · 1,413 students
Decatur High School
Grades 9-12 · 1,354 students
Sacajawea Middle School
Grades 6-8 · 652 students
Illahee Middle School
Grades 5-8 · 622 students
Lakota Middle School
Grades 6-8 · 618 students
Wildwood Elementary School
Grades PK-5 · 566 students
Technology Access Foundation Academy at Saghalie
Grades 6-12 · 537 students
Source: National Center for Education Statistics, Common Core of Data directory. Updated annually. Ratings and test scores are not currently displayed.
Which cities are near Federal Way, WA?
Want a head-to-head view? Compare Federal Way side-by-side with any other U.S. city using our market-comparison tool.
Is Federal Way a good real estate investment market?
For investors evaluating Federal Way, the price-to-rent ratio of 25.9x indicates higher purchase prices relative to rental income, typical of appreciation-focused markets. The market has appreciated 7.4% year-over-year, reflecting ongoing demand and value growth.Use our rent vs. buy calculator to analyze whether owning or renting makes more financial sense based on Federal Way's current market conditions and your specific situation. Estimate your monthly payment with the mortgage calculator using Federal Way's median home price.
Frequently asked questions
What is the average home price in Federal Way?
The median home sale price in Federal Way is $638,750, up 7.4% from last year.
How long do homes stay on market in Federal Way?
Homes typically spend 10 days on market before going under contract.
What is the median income in Federal Way?
The median household income is $82,144 per year.
Is Federal Way a buyer's or seller's market?
With 3.4 months of supply, Federal Way is currently a seller's market.
What is the Zillow home value estimate for Federal Way?
The Zillow Home Value Index (ZHVI) for Federal Way is $600,995, representing the typical home value in the area.
What is the median condo price in Federal Way?
The median condo/co-op sale price in Federal Way, WA is $228,500, compared to $667,475 for a single-family home, based on the latest Redfin data.
How much does a single-family home cost in Federal Way?
The median single-family home price in Federal Way, WA is $667,475 (about $330 per square foot).
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