Skip main navigation

Federal Way, WA Housing Market

$585,411

0.8% 1-yr

The average Federal Way, WA home value is $585,411, down 0.8% over the past year and goes to pending in around 17 days.

What is the Zillow Home Values Index?

Zillow Home Value Index (ZHVI), built from the ground up by measuring monthly changes in property level Zestimates, captures both the level and home values across a wide variety of geographies and housing types.

Learn more about the Zillow Home Value Index

Federal Way Key Takeaways

Typical Home Values: $585,411

1-year Value Change: -0.8%

(Data through September 30, 2025)

Federal Way Housing Market Overview

--1-year Market Forecast
237For sale inventory(September 30, 2025)
79New listings(September 30, 2025)
1.000Median sale to list ratio(August 31, 2025)
$571,333Median sale price(August 31, 2025)
$612,500Median list price(September 30, 2025)
31.4%Percent of sales over list price(August 31, 2025)
39.4%Percent of sales under list price(August 31, 2025)
17Median days to pending(September 30, 2025)
(Metric availability is based on market coverage and data)
How does this data help me?
Zillow's metrics provide valuable market data by tracking market changes in different locations and housing types.

Neighborhoods in Federal Way

Move forward with a local partner

Zillow is more than a place to browse homes. It’s a place to connect with a local agent, explore financing solutions, schedule home tours, understand your buying and selling power, and more.

Get pre-qualified for a loan
At Zillow Home Loans, we can pre-qualify you in as little as 5 minutes with no impact on your credit score.
An equal housing lender. NMLS #10287.

Federal Way Rental Market Trends

$1,896Average rent in Federal Way(September 30, 2025)
$1,979National average rent(September 30, 2025)
-1.0%Month-over-month change(September 30, 2025)
-1.6%Year-over-year change(September 30, 2025)
How does this data help me?
The Zillow Observed Rent Index (ZORI) measures changes in asking rents over time, controlling for changes in the quality of the available rental inventory.

More on Zillow Research