Housing Market in Federal Way
Federal Way's housing market runs genuinely tight and strongly seller-favorable -- homes selling in an average of 8 days with only 1.6 months of supply, 99.94% of asking price paid, and 38.46% of homes selling above asking -- among the more competitive markets in this Washington build.
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Learn moreA strongly seller-favorable market by nearly every measure
Federal Way's housing market runs genuinely tight: homes sell in an average of just 8 days, with only 1.6 months of supply -- both indicating strong demand relative to available inventory. Homes sold for 99.94% of asking price on average, with 38.46% selling ABOVE asking price -- among the more competitive markets documented in this Washington build.
A real, disclosed price spread
Federal Way's median home price carried a real, disclosed spread: $615,475 (up 0.09% year-over-year) per one citation versus a separately-cited $585,000 for the same general period.
Demand anchors: healthcare, World Vision International, and between-metros location
Federal Way's housing demand draws on St. Francis Hospital's substantial local healthcare-sector employment (7,558 healthcare jobs citywide), World Vision International's genuine headquarters presence, and the city's practical, between-the-metros access to both Seattle and Tacoma.
Key takeaways
- Federal Way's housing market runs strongly seller-favorable: 8 days average on market, 1.6 months of supply, 38.46% of homes selling above asking.
- Median home price carries a real, disclosed spread ($585,000-$615,475 across sources reviewed).
- Housing demand is anchored by St. Francis Hospital's healthcare employment, World Vision International, and Federal Way's between-metros location.
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