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Federal Way

Why you'd want to live in Federal Way

The Federal Way community is residential and commercial with a population employed locally and in neighboring cities such as Sea Tac, Kent, Tacoma, Bellevue and Seattle. An estimated 22,485 people are employed within the city limits. In the years since incorporation, Federal Way has fostered quality commercial and residential growth, and enhanced the quality of life for its residents with infrastructure improvements, diverse recreational opportunities and high-quality parks. via cityoffederalway.com

Federal Way Market Report

$576,241

AVERAGE PRICE OF 316 HOMES

$309,983

AVERAGE PRICE OF 3 DISTRESSED HOMES

$1,698,253

AVERAGE PRICE OF 20 MULTI-MILLION DOLLAR HOMES

$830,636

AVERAGE PRICE OF 22 NEWLY BUILT HOMES

$550,000

AVERAGE PRICE OF 1 HOMES WITH A POOL

$484,754

AVERAGE PRICE OF 11 REDUCED PRICE HOMES

Average Home

Average Price $576,241
Avg Bedrooms 2.9 beds
Avg Bathrooms 2.13 baths

Average Price by Bedrooms

1 bedroom $220,779
2 bedrooms $294,767
3 bedrooms $476,634
4 bedrooms $717,214
5 bedrooms $727,716
Federal Way Home Price Trends
  9/2021 8/2021 7/2021 6/2021 5/2021
Total Listings 305 303 280 300 252
Average Price $575,359 $574,883 $583,466 $548,238 $508,891
Avg Price Change +0.08% -1.49% +6.43% +7.73% +5.98%
Median Price $522,796 $514,012 $515,028 $488,828 $476,759
Med Price Change +1.71% -0.20% +5.36% +2.53% +3.73%
Avg Bedrooms 2.86 beds 2.86 beds 2.82 beds 2.74 beds 3.03 beds
Avg Bathrooms 2.11 baths 2.14 baths 2.2 baths 2.08 baths 2.28 baths
Home Price by High School
School Name Total Homes Average Price Avg Days on Site
Buyer To Verify 104 $576,834 60 days
Decatur High 29 $614,277 58 days
Federal Way Snr High 38 $597,021 39 days
Fife High 3 $646,300 20 days
Todd Beamer High 38 $437,388 42 days
Home Price by House Size
Total Homes Average Price Avg Days on Site
All Homes 316 $576,241 63 days
Distressed Homes 3 $309,983 220 days
Multi-Million Dollar Homes 20 $1,698,253 177 days
Newly Built Homes 22 $830,636 121 days
Homes with a Pool 1 $550,000 5 days
Reduced Price Homes 11 $484,754 27 days

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