Real Estate Market Update for Federal Way, WA
Welcome to March's Market Update. Lets take a look at residential real-estate activity in your area during the month of February. The number of active listings was up 13% from one year earlier, and down 17% from the previous month. Even so, buyers still enjoyed a greater selection of homes today than they did one year ago. As you can see, the median listing price for the month was just under 430-thousand dollars. Compared to last year, the average number of days units spent on the market before being sold was up 41%. This higher number of days may signal a slowdown in the local inventory-turnover rate. The median sale price was 340-thousand dollars. The number of units sold decreased 23% year-over-year, and increased 14% month-over-month. Despite a slight annual decrease, this upward monthly sales trend indicates positive momentum. Thanks for watching. We hope you use this information to make smart, informed decisions in your upcoming real-estate transactions. Feel free to contact us for more information or further assistance.
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Map Information for Federal Way, WA

Area Information for Federal Way, WA
  • Population: 99,239
  • Median Age: 38.33 yr
  • Median Commute Time: 29 mins
  • Educational Climate*: 4
  • Sales Tax: 0%
  • Population Density: 4,454/sq mi
  • Population Change Since 2000: 15.9%
  • Closest Airport: Seattle-tacoma International
  • Closest College: University Of Puget Sound
  • Closest Jr. College: Highline Community College
  • Median Household Income: $71,655
  • Annual Residential Turnover: 0%
  • Median Home Sales Price: $500,000
  • Closest Major Sports Team: Tacoma Rainiers (aaa)
  • Change Avg. Household Income Since 2000: 50.92%
* Scale from 1-5  ** Index where 100 is the national average
Demographic Data for Federal Way, WA
Median Age: 38.33 Married: 38% Number of Households: 37,016 Households with Children: 11,182
Community:
    • Occupancy Types
      • 3599 Vacant
      • 8822 Owned
      • 12512 Rented
    • Transportation to Work
      • 43% Drive
      • 47% Public Transportation
      • 8% Walk / Bike / Other
      • 8% Work at Home
    National Index Comparisons:
    (100 National Average)
      • Population By Sex(%)
        • 50% Male
        • 50% Female
      • White/Blue Collar Jobs
        • 50% White Collar
        • 50% Blue Collar
      School Data for Federal Way, WA

      School Name Distance Type Grades School Rating
      Highline College - Gateway To College 0.4 mi Public 9-12 0
      Pacific Christian Academy 0.7 mi Private PRESCHOOL-12 0
      Federal Way Public Academy 1.0 mi Public 6-10 5
      Mirror Lake Elementary School 1.1 mi Public K-5 1
      Federal Way Public School Eceap 1.1 mi Public PRESCHOOL-PRESCHOOL 0
      Support School 1.1 mi Public PRESCHOOL-11 0
      Panther Lake Elementary School 1.2 mi Public K-5 0
      St Luke's Preschool & Kindergarten 1.2 mi Private PRESCHOOL-K 0
      Federal Way Public Schools Headstart 1.3 mi Public PRESCHOOL-PRESCHOOL 0
      Internet Academy 1.3 mi Public K-12 1
      Career Academy At Truman High School 1.3 mi Public 9-12 0
      Evergreen Christian Private School 1.4 mi Private K-10 0
      St Vincent De Paul School 1.5 mi Catholic PRESCHOOL-8 0
      Olympic View Elementary School 1.5 mi Public K-5 0
      Federal Way Runnint Start Home School 1.6 mi Public 11-12 0
      Federal Way Senior High School 1.6 mi Public 9-12 1
      Life Academy Of Puget Sound 1.7 mi Private PRESCHOOL-12 0
      Brooklake Christian School 1.7 mi Private PRESCHOOL-5 0
      Silver Lake Elementary School 1.7 mi Public K-5 1
      Lake Grove Elementary School 1.7 mi Public K-5 1
      Enterprise Elementary School 1.8 mi Public PRESCHOOL-5 1
      Sherwood Forest Elementary School 1.9 mi Public PRESCHOOL-5 2
      Todd Beamer High School 1.9 mi Public 9-12 1
      Taf@saghalie School 2.0 mi Public 6-12 1
      Lakota Middle School 2.0 mi Public 6-8 1
      Sacajawea Middle School 2.0 mi Public 6-8 1
      Wildwood Elementary School 2.0 mi Public PRESCHOOL-5 0
      Birth To Three Development Center 2.1 mi Public UNGRADE-UNGRADE 0
      Employment Transition Program 2.1 mi Public UNGRADE-UNGRADE 0
      Illahee Middle School 2.1 mi Public 6-8 1
      Lakeland Elementary School 2.1 mi Public K-5 2
      Holy Innocents School Of The Northwest 2.2 mi Catholic K-12 0
      Compass Montessori School 2.2 mi Private PRESCHOOL-K 0
      Lake Dolloff Elementary School 2.2 mi Public K-5 1
      Kilo Middle School 2.3 mi Public 6-8 1
      Sequoyah Middle School 2.3 mi Public 6-8 1
      Montessori Academy At Spring Valley 2.4 mi Private PRESCHOOL-8 0
      Adelaide Elementary School 2.5 mi Public PRESCHOOL-5 2
      Camelot Elementary School 2.5 mi Public PRESCHOOL-5 0
      Decatur High School 2.5 mi Public 9-12 1
      Nautilus Elementary School 2.6 mi Public K-8 3
      Evergreen Heights Elementary School 2.6 mi Public K-5 3
      Rainier View Elementary School 2.6 mi Public PRESCHOOL-5 0
      Brigadoon Elementary School 2.9 mi Public PRESCHOOL-5 2
      Thomas Jefferson High School 3.1 mi Public 9-12 1
      Kindercare Learning Center #1696 3.1 mi Private PRESCHOOL-PRESCHOOL 0
      Meredith Hill Elementary School 3.2 mi Public PRESCHOOL-5 2
      Mark Twain Elementary School 3.5 mi Public K-5 0
      Twin Lakes Elementary School 3.5 mi Public PRESCHOOL-5 2
      Valhalla Elementary School 3.6 mi Public K-5 1
      Green Gables Elementary School 3.6 mi Public K-5 3
      West Auburn Senior High School 3.9 mi Public 9-12 0
      Proximity to listed schools and their school district(s) does not guarantee enrollment eligibility. Please contact a local real estate professional or the local school district(s) for the most current information relating to schools in the area.
      Local Weather for Federal Way, WA
        Data powered by Attom Data Solutions. Copyright© 2022. Information deemed reliable but not guaranteed. * Based on a 30-year fixed rate of 4.75% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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