Active Listings
176
⇧ 26.6% vs 139 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 September 2026. Source: Realtor.com.
The FEDERAL WAY, WA real estate market (98023) currently shows 176 active listings, with 38 pending sales. Homes are averaging 48 days on the market before going under contract.
Inventory has increased compared to last year, with 37 more homes available — giving buyers more choice.
Homes are taking longer to sell, averaging 48 days on market compared to 47 days last year.
The median listing price has fallen 0.9% year-over-year, from $672,500 to $666,200.
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 September 2026, there are 176 active listings in FEDERAL WAY, WA (zip code 98023), compared to 139 the prior year.
The median listing price in FEDERAL WAY, WA 98023 is $666,200 as of September 2026, a 0.9% decrease from $672,500 the prior year.
Homes in FEDERAL WAY, WA 98023 spend an average of 48 days on the market before going under contract, compared to 47 days the prior year.
Based on current inventory and days-on-market data as of September 2026, FEDERAL WAY, WA 98023 is currently a Buyer's Market. Inventory has increased compared to last year, with 37 more homes available — giving buyers more choice. Homes are taking longer to sell, averaging 48 days on market compared to 47 days last year.
With SELL123.com's maximum 3% commission, sellers in FEDERAL WAY, WA 98023 save an estimated $13,324 compared to a typical 5% commission on the median listing price of $666,200. 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.