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FEDERAL WAY, WA 98003

Real Estate Market Report  ·  King County
Balanced Market
April 2026  ·  Source: Realtor.com

Neighborhoods in ZIP 98003

Buenna · Enchanted Village · Jovita (West Hill) · Kitts Corner · Kloshe Illahee · Lake Dolloff · Laurelwood · Marine Hills (Marine View) · Mirror Lake · Redondo · Redondo (Redondo Hills) · Steel Lake · West Campus · Woodmont (Woodmount) · Woodmont East (Woodmont E) · Woodmont West (Woodmont W)

Market Analysis

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

The FEDERAL WAY, WA real estate market (98003) currently shows 105 active listings, with 41 pending sales. Homes are averaging 37 days on the market before going under contract.

Inventory has increased compared to last year, with 15 more homes available — giving buyers more choice.

The median listing price has fallen 3.9% year-over-year, from $555,000 to $533,495.

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: 51,329  ·  Density: 1,723.2/mi²  ·  Median household income: $67,547

Typical home value: $395,628  ·  Homeownership: 47.4%

Market Overview

Active Listings
105
⇧ 16.7% vs 90 last year
Pending
41
39% pending ratio
Median Price
$533,495
⇩ 3.9% vs $555,000 last year
Average Price
$572,376
vs $572,205 last year
Days on Market
37
vs 37 days last year

Price Per Square Foot

Median $/sqft
$328
⇩ 4.9% vs $345/sqft last year
Median Home Size
1,471 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 105 this year vs 90 last year
  • Days on market: 37 now vs 37 last year

Median & Average Pricing

Year over Year
  • Median: $533,495 (-3.9% YoY)
  • Average: $572,376 (+0% YoY)

12-Month Price Trend

Median & Average
  • Median and average listing prices over the past 12 months

12-Month Inventory Trend

Active & Pending
  • Active and pending listing counts over the past 12 months

Historical Trend Charts

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

Nearby Real Estate Markets

Median Price Legend:
< $250K
$250K–$500K
$500K–$1M
$1M–$2M
> $2M
25 Nearby Zip Code Markets within 9.6 miles — 696 listings ($479,099,421 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
98003Federal Way, WA 980030.0 mi90$51,190,830$538,750$568,787
98001Auburn, WA 980012.4 mi49$37,331,042$755,988$761,858
98354Milton, WA 983543.8 mi20$13,989,320$642,500$699,466
98002Auburn, WA 980024.6 mi56$27,021,512$472,500$482,527
98198Seattle, WA 981986.1 mi67$44,034,812$548,500$657,236
98030Kent, WA 980307.0 mi69$42,235,107$649,938$612,103
98372Puyallup, WA 983727.2 mi44$32,074,592$703,611$728,968
98371Puyallup, WA 983717.4 mi80$56,146,800$687,500$701,835
98390Sumner, WA 983907.6 mi15$10,698,285$549,999$713,219
98418Tacoma, WA 984188.4 mi26$10,553,478$397,688$405,903
98092Auburn, WA 980928.7 mi110$99,125,180$780,000$901,138
98407Tacoma, WA 984079.3 mi59$48,959,026$695,425$829,814
98148Seattle, WA 981489.6 mi11$5,739,437$587,488$521,767

Frequently Asked Questions

How many homes are for sale in FEDERAL WAY, WA 98003?

As of April 2026, there are 105 active listings in FEDERAL WAY, WA (zip code 98003), compared to 90 the prior year.

What is the median home price in FEDERAL WAY, WA 98003?

The median listing price in FEDERAL WAY, WA 98003 is $533,495 as of April 2026, a 3.9% decrease from $555,000 the prior year.

How long do homes stay on the market in FEDERAL WAY, WA?

Homes in FEDERAL WAY, WA 98003 spend an average of 37 days on the market before going under contract, compared to 37 days the prior year.

Is it a seller's or buyer's market in FEDERAL WAY, WA 98003?

Based on current inventory and days-on-market data as of April 2026, FEDERAL WAY, WA 98003 is currently a Balanced Market. Inventory has increased compared to last year, with 15 more homes available — giving buyers more choice.

How much can I save on real estate commission in FEDERAL WAY, WA?

With SELL123.com's maximum 3% commission, sellers in FEDERAL WAY, WA 98003 save an estimated $10,670 compared to a typical 5% commission on the median listing price of $533,495. Our fee structure: 1% listing + 2% selling broker — no additional buyer or seller fees. Call (240) SELL-123 or email info@SELL123.com for a free consultation.