Federal Way, WA Real Estate & Property Data

Federal Way Real Estate Market Trends
Last Updated: April 28, 2024

Accurate and comprehensive real estate data is critical for insight into Federal Way, WA. ATTOM’s Federal Way real estate data is updated daily, and current market trends show that in Federal Way, WA a total of 1,043 residential properties have sold over the past year. With a median home price of $665,000 in Federal Way and a total of 4 foreclosures. Get detailed property data for Federal Way, WA instantly. ATTOM is your one-stop-shop for the Federal Way property reports and real estate data you need in Federal Way, WA.

Federal Way Real Estate Market Trends
Total Residential Properties 24,097
Total Commercial Properties 754
Avg. Home Age (Single Family Home) 45 Years
Avg. Square Feet (Single Family Home) 2,010
Total 2024 Residential Sales (year-to-date) 108
% of Homes Seriously Underwater (Q2 2024) 0.88%
Total 2023 Residential Sales 987
% of Equity Rich Homes (Q2 2024) 52.48%
Effective 2023 Property Tax 0.87%
Total Foreclosure Filings (year-to-date) 12
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Federal Way, WA Real Estate Overview

There were 1,043 residential properties sold in the past year in Federal Way, WA. The median home value in Federal Way, WA is $592,750. There are a total of 24,097 residential properties in the Federal Way.

Median Sales Price i
$665,000
(Feb 2024)
+18.2%
year-over-year
y-o-y
  • February '24 Feb '24 $665,000
  • January '24 Jan '24 $575,000
  • December '23 Dec '23 $634,000
  • November '23 Nov '23 $597,000
  • October '23 Oct '23 $604,500
  • September '23 Sep '23 $573,500
  • August '23 Aug '23 $583,725
  • July '23 Jul '23 $625,000
  • June '23 Jun '23 $544,000
  • May '23 May '23 $608,000
  • April '23 Apr '23 $570,000
  • March '23 Mar '23 $558,500
Median Down Payment i
$133,895
(Feb 2024)
+321.7%
year-over-year
y-o-y
  • February '24 Feb '24 $133,895
  • January '24 Jan '24 $79,795
  • December '23 Dec '23 $57,500
  • November '23 Nov '23 $52,712
  • October '23 Oct '23 $51,145
  • September '23 Sep '23 $76,713
  • August '23 Aug '23 $63,000
  • July '23 Jul '23 $81,793
  • June '23 Jun '23 $58,133
  • May '23 May '23 $76,750
  • April '23 Apr '23 $78,000
  • March '23 Mar '23 $48,250
Number of Homes Sold i
56
(Feb 2024)
-15.2%
year-over-year
y-o-y
  • February '24 Feb '24 56
  • January '24 Jan '24 52
  • December '23 Dec '23 62
  • November '23 Nov '23 71
  • October '23 Oct '23 66
  • September '23 Sep '23 86
  • August '23 Aug '23 88
  • July '23 Jul '23 89
  • June '23 Jun '23 105
  • May '23 May '23 109
  • April '23 Apr '23 94
  • March '23 Mar '23 99
Number of Purchase Loans i
46
(Feb 2024)
-28.1%
year-over-year
y-o-y
  • February '24 Feb '24 46
  • January '24 Jan '24 47
  • December '23 Dec '23 49
  • November '23 Nov '23 67
  • October '23 Oct '23 57
  • September '23 Sep '23 75
  • August '23 Aug '23 77
  • July '23 Jul '23 81
  • June '23 Jun '23 92
  • May '23 May '23 88
  • April '23 Apr '23 84
  • March '23 Mar '23 85
Number of REFI Loans i
22
(Feb 2024)
-18.5%
year-over-year
y-o-y
  • February '24 Feb '24 22
  • January '24 Jan '24 33
  • December '23 Dec '23 22
  • November '23 Nov '23 18
  • October '23 Oct '23 38
  • September '23 Sep '23 36
  • August '23 Aug '23 36
  • July '23 Jul '23 29
  • June '23 Jun '23 56
  • May '23 May '23 52
  • April '23 Apr '23 33
  • March '23 Mar '23 26
Number of HELOC Loans i
30
(Feb 2024)
+42.9%
year-over-year
y-o-y
  • February '24 Feb '24 30
  • January '24 Jan '24 17
  • December '23 Dec '23 34
  • November '23 Nov '23 33
  • October '23 Oct '23 40
  • September '23 Sep '23 34
  • August '23 Aug '23 41
  • July '23 Jul '23 37
  • June '23 Jun '23 28
  • May '23 May '23 33
  • April '23 Apr '23 29
  • March '23 Mar '23 34

Federal Way, WA Real Estate Market Overview

Last 30 days
  • Zip
    Median Est. Value
  • Zip
    Median Est. Value

Federal Way, WA Foreclosure Activity

There were a total of 4 Federal Way, WA properties with a foreclosure filing in February 2024.

Total Foreclosure Filings i
4
(Feb 2024)
+300%
year-over-year
y-o-y
  • February '24 Feb '24 4
  • January '24 Jan '24 8
  • December '23 Dec '23 2
  • November '23 Nov '23 6
  • October '23 Oct '23 4
  • September '23 Sep '23 3
  • August '23 Aug '23 2
  • July '23 Jul '23 2
  • June '23 Jun '23 6
  • May '23 May '23 N/A
  • April '23 Apr '23 4
  • March '23 Mar '23 4
Foreclosure Starts i
4
(Feb 2024)
+300%
year-over-year
y-o-y
  • February '24 Feb '24 4
  • January '24 Jan '24 8
  • December '23 Dec '23 2
  • November '23 Nov '23 6
  • October '23 Oct '23 4
  • September '23 Sep '23 3
  • August '23 Aug '23 2
  • July '23 Jul '23 2
  • June '23 Jun '23 6
  • May '23 May '23 N/A
  • April '23 Apr '23 4
  • March '23 Mar '23 4
Completed Foreclosures (REOs) i
  • February '24 Feb '24 N/A
  • January '24 Jan '24 N/A
  • December '23 Dec '23 N/A
  • November '23 Nov '23 N/A
  • October '23 Oct '23 N/A
  • September '23 Sep '23 N/A
  • August '23 Aug '23 1
  • July '23 Jul '23 N/A
  • June '23 Jun '23 N/A
  • May '23 May '23 N/A
  • April '23 Apr '23 N/A
  • March '23 Mar '23 N/A
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