Active Listings
74
⇩ 19.6% vs 92 last year
Population: 50,778 · Density: 1,910.0/mi² · Median household income: $98,057
Typical home value: $479,029 · Homeownership: 65.5%
Data as of January 2026. Source: Realtor.com.
The FEDERAL WAY, WA real estate market (98023) currently shows 74 active listings, with 28 pending sales. Homes are averaging 57 days on the market before going under contract.
Inventory has tightened compared to last year, with 18 fewer active listings — creating more competition among buyers.
Homes are selling faster, averaging 57 days on market compared to 79 days last year.
The median listing price has risen 23.1% year-over-year, from $580,988 to $715,000.
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.
| Zip | City / State | Distance | Listings | Market Value | Median $ | Average $ |
|---|---|---|---|---|---|---|
| 98023 | Federal Way, WA 98023 | 0.0 mi | 74 | $60,746,378 | $715,000 | $820,897 |
| 98003 | Federal Way, WA 98003 | 2.2 mi | 82 | $45,283,598 | $525,000 | $552,239 |
| 98001 | Auburn, WA 98001 | 4.6 mi | 50 | $36,909,350 | $756,450 | $738,187 |
| 98403 | Tacoma, WA 98403 | 5.4 mi | 18 | $13,720,230 | $662,450 | $762,235 |
| 98047 | Pacific, WA 98047 | 6.3 mi | 5 | $2,597,500 | $519,500 | $519,500 |
| 98405 | Tacoma, WA 98405 | 6.8 mi | 60 | $29,338,380 | $469,000 | $488,973 |
| 98418 | Tacoma, WA 98418 | 7.1 mi | 27 | $11,129,535 | $409,995 | $412,205 |
| 98443 | Tacoma, WA 98443 | 7.2 mi | 10 | $8,936,060 | $840,000 | $893,606 |
| 98032 | Kent, WA 98032 | 7.5 mi | 54 | $31,841,748 | $525,000 | $589,662 |
| 98371 | Puyallup, WA 98371 | 7.8 mi | 80 | $56,422,240 | $689,450 | $705,278 |
| 98408 | Tacoma, WA 98408 | 8.6 mi | 56 | $27,186,600 | $472,475 | $485,475 |
| 98409 | Tacoma, WA 98409 | 8.8 mi | 47 | $25,522,222 | $415,000 | $543,026 |
| 98465 | Tacoma, WA 98465 | 8.9 mi | 6 | $4,980,000 | $762,475 | $830,000 |
As of January 2026, there are 74 active listings in FEDERAL WAY, WA (zip code 98023), compared to 92 the prior year.
The median listing price in FEDERAL WAY, WA 98023 is $715,000 as of January 2026, a 23.1% increase from $580,988 the prior year.
Homes in FEDERAL WAY, WA 98023 spend an average of 57 days on the market before going under contract, compared to 79 days the prior year.
Based on current inventory and days-on-market data as of January 2026, FEDERAL WAY, WA 98023 is currently a Seller's Market. Inventory has tightened compared to last year, with 18 fewer active listings — creating more competition among buyers. Homes are selling faster, averaging 57 days on market compared to 79 days last year.
With SELL123.com's maximum 3% commission, sellers in FEDERAL WAY, WA 98023 save an estimated $14,300 compared to a typical 5% commission on the median listing price of $715,000. 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.