727 homes sold in Federal Way in the last year, at a typical $610K
About one sale in 5 is a condo. Below: what each kind of home sells for, what your budget buys, the best months to buy, how hard you’ll have to bid, and a shortcut to every site where Federal Way homes are listed.
Every place Federal Way homes are listed, in one stop
We don’t copy listings: the agents’ sites have the photos and the latest price changes. Set what you want once and we open each site already filtered to Federal Way.
For sale
Rent
New, land & open houses
Links open the listing sites; TownRatings isn’t paid for them and doesn’t rank one above another. Rentals and government-owned homes come from sources outside the MLS.
17% of Federal Way’s sales are condos, at $374K less than a house
576 houses and 125 condos sold in the year to May 2026. Houses sell faster and draw more bidding wars.
typical sale · 576 sold in the year to May 2026
- Per square foot
- $329WA $348
- Days to sell
- 20
- Sold over asking
- 33%
- Listings with a price cut
- 36%
typical sale · 125 sold in the year to May 2026
- Per square foot
- $285WA $433
- Days to sell
- 39
- Sold over asking
- 19%
- Listings with a price cut
- 32%
Multi-family (2–4 units): 6 sold, typical $849K
Townhouses: 33 sold, typical $371K
Too few sales in 12 months for reliable figures.
Fewer homes sell than a decade ago, at twice the 2016 price
727 sales in the last year, against 1,393 in 2016 and a low of 716 in 2024. The typical sale went from $300K in 2016 to $610K.
Source: Redfin Data Center, MLS sales; from June 2026 each month is a 3-month rolling window, its counts divided by 3. Typical price and $/sq ft are the monthly medians, weighted by sales. Redfin stopped publishing towns’ figures by property type after May 2026, so houses and condos are shown for the year to then.
What $600K buys in Federal Way
Check a listing against what Federal Way homes sold for
Against the town’s median price per square foot over the last 12 months. A rough check: condition, lot and location within town move a price more than this can see.
Bidding wars in Federal Way are rarer than before the pandemic, with about as many homes for sale
We read every month of Federal Way’s home sales since 2012 so you don’t have to. Each figure covers 12 months, because a single month in a town is too few sales to mean much. Latest: the year to September 2026, 727 sales.
If you’re buying in Federal Way
- Shop in August. It brings about 132 new listings a month, close to the busiest month, with fewer bidding wars (48% over asking).
- Bid near asking. Buyers paid 99.5% of the list price on average; 29% paid over.
- You’ll usually have time. Only 44% of homes go under contract within two weeks; the typical one takes 23 days.
Summer brings the homes; spring brings the bidding wars
June has the most new listings (about 144 a month), but April is the most competitive: 59% of April sales close over asking. July and August offer nearly as much choice with fewer homes bid up (51%). December has the least competition (39%) but only about 47 new listings.
Averages for each calendar month, 2015 on.
Calmer than the 2021 frenzy, and about like Washington as a whole
| Federal Way now | 2017–19 | 2021 peak | WA now | |
|---|---|---|---|---|
| Sold over askingShare of sales that closed above the list price | 29% | 46% | 72% | 25% |
| Gone within two weeksShare of homes under contract within 14 days | 44% | 55% | 79% | 38% |
| Price paid vs. askingAverage sale price ÷ list price | 99.5% | 100.8% | 104.9% | 99.1% |
| Days to sellMedian days from listing to contract | 23 | 17 | 6 | 35 |
163 homes for sale on a typical day
That’s 3.1 times the 2021 low (52), 11% more than in 2017–19 and well under 2012’s 276.
Since 2019, houses are up 51%, condos 32%
A house typically sold for $637K in the year to May 2026 (576 sales), a condo for $263K (125).
Median sale price, weighted by sales each month. Years with fewer than 4 sales of a type are left out.
Federal Way ranks 74th of 191 busy Washington markets for bidding wars
Share of sales over asking in the last year, among towns with 60 or more sales. Federal Way is in the middle of the pack.
Source: Redfin Data Center, city figures, January 2012 to September 2026 (MLS sales, not seasonally adjusted; from June 2026 each month is a 3-month rolling window, its counts divided by 3). Ratios are weighted by homes sold; price cuts by homes for sale.
Owning the typical Federal Way home costs about $3,615 a month
Price: Federal Way’s typical sale, last 12 months. Property tax at Federal Way’s 0.9% (median bill ÷ median value, Census ACS); insurance at 0.35% of price a year. Before PMI, HOA dues, upkeep and the tax deduction. Whether Federal Way is affordable on local pay is on Cost of living.
Six things worth knowing
New listings in June
The month with the most choice. December has the fewest, about 47.
Best time to buyProperty tax, a year
Of a home’s value: the median bill over the median home value. On a $610K home, about $5,190 a year.
Taxes vs. neighborsSchools
The schools grade for Federal Way, from test results, graduation and how much students grow.
Schools in Federal WayTypical commute
The average one-way trip to work for people who live in Federal Way.
Work & commuteCheck the flood map
Flood insurance isn’t in a standard policy, and lenders require it in FEMA flood zones. Check the address before you make an offer.
Natural hazardsLook up any property
Assessed value, lot size and every past sale of a home you’re eyeing are public, at the town or county assessor and the registry of deeds.
No busy market nearby sells for less a square foot
The busier markets within 25 miles of Federal Way, by what sold. Prices, taxes and how far a paycheck goes next door are on Cost of living.
| Sold | Typical sale | $/sq ft | Over asking | Days to sell | |
|---|---|---|---|---|---|
| Federal Way | 727 | $610K | $312 | 29% | 23 |
| Des Moines | 308 | $588K | $362 | 29% | 22 |
| Lakeland South | 121 | $698K | $332 | 31% | 31 |
| Lakeland North | 113 | $601K | $350 | 28% | 26 |
| Milton | 83 | $647K | $329 | 32% | 21 |
| Pacific | 32 | $532K | $353 | 22% | 14 |
| Fife Heights | 25 | $719K | $326 | 9% | 66 |
Redfin Data Center, October 2025 to September 2026. Towns with fewer than 20 sales are left out, and Redfin doesn’t report every town separately.
Post your home to Federal Way, free
Selling it yourself, renting out an apartment or looking for a roommate? Post it to Federal Way. People who follow the town see it, and so do people comparing Federal Way with their own town. No commission, no listing fee.
Questions about buying a home in Federal Way
What do homes sell for in Federal Way, WA?
727 homes sold in the year to September 2026 at a typical $610K, $312 a square foot. Houses sold for about $637K, condos for about $263K in the year to May 2026.
Is Federal Way a buyer’s or seller’s market?
A seller’s market: 259 homes were for sale in September 2026 and 69 sold, about 3.7 months of supply. Buyers paid 99.5% of asking on average.
When is the best time to buy in Federal Way?
June brings the most new listings. The sales history shows which months have fewer bidding wars.
How much are property taxes in Federal Way?
About 0.9% of a home’s value a year. On a $610K home that’s near $5,190.
Where can I see homes for sale in Federal Way?
Zillow, Redfin, Realtor.com and Homes.com all carry Federal Way’s MLS listings; the search links above open each one filtered to Federal Way.
Sales, prices, days on market and listings: Redfin Data Center (MLS, monthly, not seasonally adjusted; from June 2026 each month is a 3-month rolling window, its counts divided by 3). Property tax rate: Census American Community Survey. Two-bedroom rent: HUD Fair Market Rent. Typical home value: Zillow Home Value Index. Schools grade: TownRatings (how grades work).