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City / Town Overview

Federal Way, WA

Aggregate real estate market report across all ZIPs in scope
Buyer's Market
July 2026  ·  Source: Realtor.com

Market Analysis

Data as of July 2026. Source: Realtor.com.

The Federal Way, WA real estate market currently shows 319 active listings, with 90 pending sales. Homes are averaging 46.3 days on the market before going under contract.

Inventory has increased compared to last year, with 43 more homes available — giving buyers more choice.

Homes are taking longer to sell, averaging 46.3 days on market compared to 40.9 days last year.

The median listing price has fallen 1.1% year-over-year, from $606,334 to $599,899.

Whether you are buying or selling in Federal Way, WA, SELL123.com can help you save significantly on commission — typically 2% compared to traditional 5% broker fees. Call (240) SELL-123 for a free consultation.

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Market Context

Market Context

Population: 102,107  ·  Density: 1,816.1/mi²  ·  Median household income: $82,720

Typical home value: $437,103  ·  Homeownership: 56.4%

Included Areas

Kitts Corner: 98003, 98063

Twin Lakes: 98023

Federal Way: 98093

Area Map

Market Overview

Active Listings
319
⇧ 15.6% vs 276 last year
Pending
90
28% pending ratio
Median Price
$599,899
⇩ 1.1% vs $606,334 last year
Average Price
$655,263
⇧ 2.6% vs $638,693 last year
Days on Market
46.3
⇧ 13.2% vs 41 days last year

Price Per Square Foot

Median $/sqft
$325
⇩ 2.1% vs $332/sqft last year
Median Home Size
1,818 sqft
Typical listing size
12-Month $/sqft Trend

12-Month Trends

Historical Trend Charts

Median Price
Average Price
Days on Market
Total Listings
Pending Listings
Active Listings
New Listings
Price Per Sqft
Price Reduced %