Federal Way Real Estate Market
Federal Way Housing Market Report
Federal Way is where the I-5 corridor meets Puget Sound at value pricing — a city of lake neighborhoods, Sound-side streets near Dash Point, and a condo-heavy center now connected to the regional rail network. For first-time buyers and commuters priced out of Seattle and the Eastside, it's one of King County's most attainable entry points, and its micro-markets reward buyers who know the difference between them.
Page author
Adriano Tori
Designated Broker, Founder & CEO — RexMont Real Estate · WA Lic. #27660
Adriano leads RexMont Real Estate — the most-reviewed real estate brokerage in Seattle and the Eastside. 1,200+ closed transactions, $1B+ in production, and 1,241 five-star Google reviews.
As of September 2026, the median listing price in Federal Way is $400K ($297 per square foot), and homes are averaging 44 days on market.
Stats updated September 2026· refreshed monthly and reviewed by RexMont's brokerage team.
By property type
The headline figures above blend every active residential listing in Federal Way. Single-family, condo, and townhouse markets move differently, so the breakdown below is what to quote when comparing one property type across cities.
| Property type | Median list price | Price / sq ft | Days on market | Active listings |
|---|---|---|---|---|
| Single-family | $649K | $333 | 31 | 115 |
| Condo | $270K | $304 | 49 | 57 |
| Townhouse | $350K | $297 | 46 | 18 |
Active listings is the sample size behind each row. Same source and refresh date as the headline figures.
Methodology & data sources
Market statistics on this page — median listing price, price per square foot, and days on market — are computed from active residential listings in Federal Way, WA, sourced from RentCast, a licensed real-estate data provider aggregating MLS records and county public records. Figures refresh the first week of every month (current data: September 2026) and are reviewed by RexMont Real Estate's brokerage team (WA firm license #21220). Individual property listings shown on this page come from the live NWMLS feed. Historical figures are not restated after publication.
Journalists: monthly figures for 47 Puget Sound cities are available on a citable, dated page for each market. For custom cuts, methodology questions, or to receive the monthly refresh, contact adriano@rexmont.com. Please attribute "RexMont Real Estate market report" with a link to this page.
Thinking of selling in Federal Way?
Is it a good time to sell in Federal Way? The numbers above are the market. Your number is your home.
RexMont builds a Federal Way comparable analysis from closed sales in your neighborhood, not the citywide median, and shows the net after commission, Washington excise tax and closing costs before you decide anything. 1,241 Google five-star reviews; an agent calls back within minutes.
Market context
What shapes Federal Way's market.
Transit is the story to watch. The Link light rail extension to Federal Way Transit Center ties the city center to Sea-Tac and downtown Seattle by rail, and I-5 runs straight through the city — a two-mode commute picture few value markets can match. Station-area condos and townhomes are the segment most directly exposed to that access; the single-family neighborhoods gain more gradually as the commute story broadens the buyer pool.
Employment blends local and regional. The legacy Weyerhaeuser corporate campus on the city's east side is redeveloping into new employment uses, World Vision's headquarters and DaVita's large Federal Way offices anchor institutional employers, and MultiCare and Sea-Tac-area jobs sit within short drives. Many Federal Way buyers commute in both directions — north toward Seattle and south toward Tacoma — which steadies demand across cycles.
The micro-markets are distinct. Twin Lakes anchors the west side with golf-course-adjacent streets and the city's larger single-family homes; the Dash Point corridor adds Puget Sound proximity and state-park greenbelt. Steel Lake and Mirror Lake hold central family pockets, and the city center carries the condo and townhome stock that sets the low citywide median. Reading a Federal Way comp requires knowing which of these segments it came from.
Federal Way Public Schools serves the city, and the buyer profile skews first-time purchasers, dual-corridor commuters, and value-focused families trading square footage for price. Days on market run longer here than in the region's premium cities — which is negotiating room for buyers and a preparation mandate for sellers.
Coverage
Service area at a glance
RexMont represents buyers and sellers across these Seattle and Eastside markets. Click any city for the full local guide.
Bellevue, WA
ZIPs: 98004 · 98005 · 98006 · 98007 · 98008
Schools: Bellevue SD
Medina, WA
ZIP: 98039
Schools: Bellevue SD
Clyde Hill, WA
ZIP: 98004
Schools: Bellevue SD
Mercer Island, WA
ZIP: 98040
Schools: Mercer Island SD
Kirkland, WA
ZIPs: 98033 · 98034
Schools: Lake Washington SD
Redmond, WA
ZIPs: 98052 · 98053
Schools: Lake Washington SD
Sammamish, WA
ZIPs: 98074 · 98075
Schools: Lake Washington / Issaquah SD
Issaquah, WA
ZIPs: 98027 · 98029
Schools: Issaquah SD
Newcastle, WA
ZIPs: 98056 · 98059
Schools: Renton SD
Woodinville, WA
ZIPs: 98072 · 98077
Schools: Northshore SD
Kenmore, WA
ZIP: 98028
Schools: Northshore SD
Seattle, WA
ZIPs: 98101 · 98109 · 98112 · 98115 · 98118
Schools: Seattle Public Schools
Buying in Federal Way
Federal Way offers buyers something rare in King County: selection and negotiating room. RexMont helps buyers separate city-center condo values from Twin Lakes and Dash Point single-family comps, evaluate station-area upside, and negotiate from strength in a market where patience gets rewarded.
Talk to a Federal Way buyer agentSelling in Federal Way
In a longer-days-on-market city, preparation and pricing decide everything. Federal Way sellers who launch with the right micro-market comps — Twin Lakes, the lakes, or the city center — and strong presentation still draw serious offers. RexMont's listing team builds that launch for you.
Get your Federal Way home valueLive NWMLS data
Active homes for sale in Federal Way
The latest active NWMLS listings in Federal Way, refreshed hourly.
- Median price
- $400K
- Median $/sqft
- $297
- Avg days on market
- 44
- Listings for sale
- 348+
ActiveNew today$489,000
MLS# 258466632508 44th Avenue S
Federal Way, WA 98001
3 bd1 ba1,070 sqftListing courtesy of Amo Realty
ActiveNew today$595,000
MLS# 25848461813 Sw 355th Place
Federal Way, WA 98023
4 bd2 ba1,410 sqftListing courtesy of Pellego, Inc.
ActiveNew today$949,000
MLS# 257806930017 24th Avenue Sw
Federal Way, WA 98023
4 bd3.25 ba2,580 sqftListing courtesy of Windermere RE South Sound, Inc
ActiveNew today$549,000
MLS# 25827641341 Sw 348th Street
Federal Way, WA 98023
3 bd2 ba1,450 sqftListing courtesy of Windermere RE West Campus Inc
ActiveNew today$885,000
MLS# 258420129860 Marine View Drive Sw
Federal Way, WA 98023
4 bd1.75 ba2,750 sqftListing courtesy of Berkshire Hathaway HS NW
ActiveNew today$850,000
MLS# 258440136020 21st Lane S
Federal Way, WA 98003
4 bd3.25 ba2,960 sqftListing courtesy of Newberry Realty Renton
Showing the 6 newest of 348 active homes for sale in Federal Way, pulled directly from NWMLS and refreshed hourly. See all 348 Federal Way homes for sale, each with photos, price history, and a per-listing mortgage estimate.
Listing data courtesy of NWMLS. Provided for the consumer's personal, non-commercial use. Market stats reflect representative market data for Federal Way; current listings and individual neighborhoods may vary.
Search all Federal Way listings →Related markets
Compare Federal Way to nearby South King County markets.
Des Moines Market
The next city up the Sound — marina-town living and Redondo waterfront in the same Highline corridor.
Auburn Market
The valley alternative — Sounder rail access and aerospace employment east of I-5.
Kent Market
South King County's largest market — East Hill family neighborhoods and the valley employment corridor.
King County Market Overview
How Federal Way's pricing fits into the countywide picture, from South King values to Eastside premiums.
Federal Way Homes for Sale
Live NWMLS listings across Twin Lakes, Dash Point, Steel Lake, and the city center.
Federal Way City Guide
Neighborhoods, schools, and living in Federal Way — RexMont's full city overview.
FAQ
Questions buyers and sellers ask first.
Is Federal Way a buyer's or seller's market?
Federal Way gives buyers more selection and more negotiating room than most of King County — days on market run longer here, and the large condo segment near the city center adds inventory. Well-priced single-family homes in Twin Lakes and the Dash Point corridor still move on normal timelines, but this is a market where prepared buyers can negotiate rather than chase.
What is the median home price in Federal Way?
Federal Way's median listing price typically runs around $380K depending on the neighborhood and quarter — the figure at the top of this page refreshes monthly. The citywide median reflects a heavy condo and townhome mix near the city center; detached single-family homes in Twin Lakes, Dash Point, and the lake neighborhoods trade well above it.
Which Federal Way neighborhoods should buyers know?
Twin Lakes is the established west-side anchor — golf-course-adjacent streets and larger single-family homes near the Sound. The Dash Point corridor adds Puget Sound proximity and state-park access. Steel Lake and Mirror Lake offer central, family-oriented pockets, while the city center carries the condo stock closest to the transit center and the Link light rail extension.
How does Link light rail affect Federal Way home values?
The Link extension to Federal Way Transit Center connects the city center to Sea-Tac and downtown Seattle by rail — the kind of infrastructure that has historically supported values around every station area it reaches. Condos and townhomes within walking distance of the transit center are the most directly exposed segment; the single-family neighborhoods benefit more gradually through overall commute access, alongside I-5 for drivers.
How current is the market data on this page?
The median price, price per square foot, and days-on-market figures refresh monthly from regional market data and are reviewed by RexMont's brokerage team. Commentary is updated as conditions change.
How does RexMont represent Federal Way buyers and sellers?
RexMont works Federal Way as two markets in one — a condo-and-transit market at the center and a single-family market on the lakes and the Sound side. We help buyers use the negotiating room this market offers, and we price listings against the segment they actually trade in rather than a blended citywide number.
Federal Way rewards segment-level pricing.
In a city where a citywide median blends condos and Sound-side single-family homes, working with agents who price to the actual segment is worth real money. RexMont brings 1,241 Google 5-star reviews and $1B+ in closed production to every Federal Way transaction.
Talk to a Federal Way real estate expert