Active Listings
186
⇧ 31% vs 142 last year
Adelaide · Alderbrook · Buenna · Campus Highlands (Campus Highlands Homeowners Association) · Dash Point · Lakota · Madrona (Madrona Meadows) · Mirror Lake · Redondo · Twin Lakes · West Campus
Data as of July 2026. Source: Realtor.com.
The FEDERAL WAY, WA real estate market (98023) currently shows 186 active listings, with 55 pending sales. Homes are averaging 43 days on the market before going under contract.
Inventory has increased compared to last year, with 44 more homes available — giving buyers more choice.
Homes are taking longer to sell, averaging 43 days on market compared to 38 days last year.
The median listing price has fallen 4.6% year-over-year, from $681,000 to $649,988.
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.
Population: 50,778 · Density: 1,910.0/mi² · Median household income: $98,057
Typical home value: $479,029 · Homeownership: 65.5%
| Zip | City / State | Distance | Listings | Market Value | Median $ | Average $ |
|---|---|---|---|---|---|---|
| 98023 | Federal Way, WA 98023 | 0.0 mi | 94 | $73,575,304 | $724,950 | $782,716 |
| 98003 | Federal Way, WA 98003 | 2.2 mi | 90 | $51,190,830 | $538,750 | $568,787 |
| 98001 | Auburn, WA 98001 | 4.6 mi | 49 | $37,331,042 | $755,988 | $761,858 |
| 98403 | Tacoma, WA 98403 | 5.4 mi | 22 | $17,089,006 | $668,725 | $776,773 |
| 98047 | Pacific, WA 98047 | 6.3 mi | 2 | $826,000 | $413,000 | $413,000 |
| 98405 | Tacoma, WA 98405 | 6.8 mi | 63 | $30,879,135 | $470,500 | $490,145 |
| 98418 | Tacoma, WA 98418 | 7.1 mi | 26 | $10,553,478 | $397,688 | $405,903 |
| 98443 | Tacoma, WA 98443 | 7.2 mi | 13 | $11,970,608 | $850,000 | $920,816 |
| 98032 | Kent, WA 98032 | 7.5 mi | 61 | $36,406,508 | $556,225 | $596,828 |
| 98371 | Puyallup, WA 98371 | 7.8 mi | 80 | $56,146,800 | $687,500 | $701,835 |
| 98408 | Tacoma, WA 98408 | 8.6 mi | 59 | $28,159,402 | $449,475 | $477,278 |
| 98409 | Tacoma, WA 98409 | 8.8 mi | 54 | $28,365,390 | $399,962 | $525,285 |
| 98465 | Tacoma, WA 98465 | 8.9 mi | 10 | $6,281,470 | $404,975 | $628,147 |
As of July 2026, there are 186 active listings in FEDERAL WAY, WA (zip code 98023), compared to 142 the prior year.
The median listing price in FEDERAL WAY, WA 98023 is $649,988 as of July 2026, a 4.6% decrease from $681,000 the prior year.
Homes in FEDERAL WAY, WA 98023 spend an average of 43 days on the market before going under contract, compared to 38 days the prior year.
Based on current inventory and days-on-market data as of July 2026, FEDERAL WAY, WA 98023 is currently a Buyer's Market. Inventory has increased compared to last year, with 44 more homes available — giving buyers more choice. Homes are taking longer to sell, averaging 43 days on market compared to 38 days last year.
With SELL123.com's maximum 3% commission, sellers in FEDERAL WAY, WA 98023 save an estimated $13,000 compared to a typical 5% commission on the median listing price of $649,988. 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.