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Federal Way Market Report

$611,679

AVERAGE PRICE OF 337 HOMES

$1,447,879

AVERAGE PRICE OF 40 MULTI-MILLION DOLLAR HOMES

$786,502

AVERAGE PRICE OF 43 NEWLY BUILT HOMES

$490,301

AVERAGE PRICE OF 29 REDUCED PRICE HOMES

Average Home

Average Price $611,679
Avg Bedrooms 2.76 beds
Avg Bathrooms 2.12 baths

Average Price by Bedrooms

1 bedroom $258,250
2 bedrooms $275,126
3 bedrooms $574,941
4 bedrooms $848,372
5 bedrooms $938,764
Federal Way Home Price Trends
  6/2024 5/2024 4/2024 3/2024 2/2024
Total Listings 312 288 246 210 192
Average Price $639,856 $642,120 $656,331 $638,272 $635,072
Avg Price Change -0.35% -2.21% +2.83% +0.50% +2.42%
Median Price $612,253 $611,964 $626,220 $568,327 $529,433
Med Price Change +0.05% -2.33% +10.19% +7.35% +4.84%
Avg Bedrooms 2.77 beds 2.71 beds 2.68 beds 2.53 beds 2.45 beds
Avg Bathrooms 2.13 baths 2.14 baths 2.11 baths 1.99 baths 1.93 baths
Home Price by High School
School Name Total Homes Average Price
Buyer To Verify 114 $650,209
Home Price by House Size
Total Homes Average Price
All Homes 337 $611,679
Multi-Million Dollar Homes 40 $1,447,879
Newly Built Homes 43 $786,502
Reduced Price Homes 29 $490,301

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Properties with the NWMLS icon are courtesy of Northwest MLS.
Information is provided exclusively for consumers’ personal use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable, but is not guaranteed accurate by the MLS.
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