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Federal Way, WA 98023 Real Estate & Property Data

Federal Way, WA 98023 Real Estate Market Trends

Last Updated: April 29, 2024

A total of 541 residential properties have been sold over the past 12 months in 98023. With a median sales price of $630,000 in 98023 and a total of 1 foreclosures in Federal Way, WA 98023. Discover market trends and get the granular level real estate data for Federal Way, WA 98023 to keep your pulse on the housing market. Curate compelling home reports for Federal Way, WA 98023 from reliable property records is easy using the ATTOM platform as a source for state-of-the-art property reports.

Federal Way, WA 98023 Real Estate Market Trends

Get property data for any address in Federal Way, WA 98023 or the country:

Total Residential Properties 13,998

Total Commercial Properties 96

Avg. Home Age (Single Family Home) 44 Years

Avg. Square Feet (Single Family Home) 2,066

Total 2024 Residential Sales (year-to-date) 55

% of Homes Seriously Underwater (Q2 2024) 0.78%

Total 2023 Residential Sales 509

% of Equity Rich Homes (Q2 2024) 54.26%

Effective 2023 Property Tax 0.87%

Total Foreclosure Filings (year-to-date) 7

Federal Way, WA 98023 Real Estate Overview

There were 541 residential properties sold in the past year in Federal Way, WA 98023. The median home value in Federal Way, WA 98023 is $614,801. There are a total of 13,998 residential properties in the 98023.

Median Sales Price i

$630,000

(Feb 2024)

+8.6%

year-over-year

y-o-y

February '24 Feb '24 $630,000
January '24 Jan '24 $550,000
December '23 Dec '23 $624,000
November '23 Nov '23 $600,000
October '23 Oct '23 $655,000
September '23 Sep '23 $570,000
August '23 Aug '23 $581,250
July '23 Jul '23 $627,500
June '23 Jun '23 $552,000
May '23 May '23 $622,500
April '23 Apr '23 $582,000
March '23 Mar '23 $555,650

Median Down Payment i

$137,000

(Feb 2024)

+338.4%

year-over-year

y-o-y

February '24 Feb '24 $137,000
January '24 Jan '24 $79,795
December '23 Dec '23 $32,500
November '23 Nov '23 $51,587
October '23 Oct '23 $66,145
September '23 Sep '23 $98,672
August '23 Aug '23 $57,500
July '23 Jul '23 $74,615
June '23 Jun '23 $58,133
May '23 May '23 $100,000
April '23 Apr '23 $100,000
March '23 Mar '23 $51,000

Number of Homes Sold i

28

(Feb 2024)

-6.7%

year-over-year

y-o-y

February '24 Feb '24 28
January '24 Jan '24 27
December '23 Dec '23 33
November '23 Nov '23 38
October '23 Oct '23 33
September '23 Sep '23 49
August '23 Aug '23 47
July '23 Jul '23 47
June '23 Jun '23 48
May '23 May '23 67
April '23 Apr '23 45
March '23 Mar '23 49

Number of Purchase Loans i

26

(Feb 2024)

-16.1%

year-over-year

y-o-y

February '24 Feb '24 26
January '24 Jan '24 24
December '23 Dec '23 29
November '23 Nov '23 32
October '23 Oct '23 27
September '23 Sep '23 43
August '23 Aug '23 45
July '23 Jul '23 44
June '23 Jun '23 40
May '23 May '23 50
April '23 Apr '23 39
March '23 Mar '23 42

Number of REFI Loans i

12

(Feb 2024)

-50%

year-over-year

y-o-y

February '24 Feb '24 12
January '24 Jan '24 16
December '23 Dec '23 9
November '23 Nov '23 11
October '23 Oct '23 18
September '23 Sep '23 19
August '23 Aug '23 18
July '23 Jul '23 19
June '23 Jun '23 31
May '23 May '23 27
April '23 Apr '23 18
March '23 Mar '23 15

Number of HELOC Loans i

18

(Feb 2024)

+28.6%

year-over-year

y-o-y

February '24 Feb '24 18
January '24 Jan '24 13
December '23 Dec '23 25
November '23 Nov '23 21
October '23 Oct '23 23
September '23 Sep '23 17
August '23 Aug '23 26
July '23 Jul '23 23
June '23 Jun '23 18
May '23 May '23 20
April '23 Apr '23 17
March '23 Mar '23 24

Federal Way, WA 98023 Real Estate Market Overview

Last 30 days

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Federal Way, WA 98023 Foreclosure Activity

There were a total of 1 Federal Way, WA 98023 properties with a foreclosure filing in February 2024.

Total Foreclosure Filings i

1

(Feb 2024)

February '24 Feb '24 1
January '24 Jan '24 6
December '23 Dec '23 2
November '23 Nov '23 3
October '23 Oct '23 2
September '23 Sep '23 1
August '23 Aug '23 2
July '23 Jul '23 N/A
June '23 Jun '23 5
May '23 May '23 N/A
April '23 Apr '23 2
March '23 Mar '23 2

Foreclosure Starts i

1

(Feb 2024)

February '24 Feb '24 1
January '24 Jan '24 6
December '23 Dec '23 2
November '23 Nov '23 3
October '23 Oct '23 2
September '23 Sep '23 1
August '23 Aug '23 2
July '23 Jul '23 N/A
June '23 Jun '23 5
May '23 May '23 N/A
April '23 Apr '23 2
March '23 Mar '23 2

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

Nearby Zip Codes

1. 98003

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