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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

$584,725

AVERAGE PRICE OF 230 HOMES

$274,975

AVERAGE PRICE OF 2 DISTRESSED HOMES

$1,677,718

AVERAGE PRICE OF 19 MULTI-MILLION DOLLAR HOMES

$844,232

AVERAGE PRICE OF 21 NEWLY BUILT HOMES

$431,682

AVERAGE PRICE OF 8 REDUCED PRICE HOMES

Average Home

Average Price $584,725
Avg Bedrooms 2.75 beds
Avg Bathrooms 2.07 baths

Average Price by Bedrooms

1 bedroom $195,427
2 bedrooms $251,832
3 bedrooms $462,338
4 bedrooms $755,262
5 bedrooms $840,254
Federal Way Home Price Trends
  10/2021 9/2021 8/2021 7/2021 6/2021
Total Listings 301 305 303 280 300
Average Price $581,426 $575,359 $574,883 $583,466 $548,238
Avg Price Change +1.05% +0.08% -1.49% +6.43% +7.73%
Median Price $538,778 $522,796 $514,012 $515,028 $488,828
Med Price Change +3.06% +1.71% -0.20% +5.36% +2.53%
Avg Bedrooms 2.9 beds 2.86 beds 2.86 beds 2.82 beds 2.74 beds
Avg Bathrooms 2.14 baths 2.11 baths 2.14 baths 2.2 baths 2.08 baths
Home Price by High School
School Name Total Homes Average Price Avg Days on Site
Buyer To Verify 68 $625,512 88 days
Decatur High 17 $634,158 65 days
Federal Way Snr High 29 $570,597 65 days
Fife High 2 $524,950 18 days
Todd Beamer High 23 $537,086 55 days
Home Price by House Size
Total Homes Average Price Avg Days on Site
All Homes 230 $584,725 81 days
Distressed Homes 2 $274,975 356 days
Multi-Million Dollar Homes 19 $1,677,718 209 days
Newly Built Homes 21 $844,232 165 days
Reduced Price Homes 8 $431,682 38 days

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