Federal Way, WA 98003 Real Estate & Property Data

Federal Way, WA 98003 Real Estate Market Trends
Last Updated: April 25, 2024

A total of 502 residential properties have been sold over the past 12 months in 98003. With a median sales price of $670,000 in 98003 and a total of 3 foreclosures in Federal Way, WA 98003. Discover market trends and get the granular level real estate data for Federal Way, WA 98003 to keep your pulse on the housing market. Curate compelling home reports for Federal Way, WA 98003 from reliable property records is easy using the ATTOM platform as a source for state-of-the-art property reports.

Federal Way, WA 98003 Real Estate Market Trends
Total Residential Properties 10,099
Total Commercial Properties 658
Avg. Home Age (Single Family Home) 47 Years
Avg. Square Feet (Single Family Home) 1,911
Total 2024 Residential Sales (year-to-date) 53
% of Homes Seriously Underwater (Q2 2024) 1.01%
Total 2023 Residential Sales 478
% of Equity Rich Homes (Q2 2024) 49.97%
Effective 2023 Property Tax 0.86%
Total Foreclosure Filings (year-to-date) 5
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Federal Way, WA 98003 Real Estate Overview

There were 502 residential properties sold in the past year in Federal Way, WA 98003. The median home value in Federal Way, WA 98003 is $556,715. There are a total of 10,099 residential properties in the 98003.

Median Sales Price i
$670,000
(Feb 2024)
+21.8%
year-over-year
y-o-y
  • February '24 Feb '24 $670,000
  • January '24 Jan '24 $583,000
  • December '23 Dec '23 $669,250
  • November '23 Nov '23 $545,000
  • October '23 Oct '23 $525,000
  • September '23 Sep '23 $605,000
  • August '23 Aug '23 $590,975
  • July '23 Jul '23 $610,000
  • June '23 Jun '23 $520,000
  • May '23 May '23 $577,500
  • April '23 Apr '23 $560,000
  • March '23 Mar '23 $576,000
Median Down Payment i
$125,000
(Feb 2024)
+226.2%
year-over-year
y-o-y
  • February '24 Feb '24 $125,000
  • January '24 Jan '24 $83,500
  • December '23 Dec '23 $75,250
  • November '23 Nov '23 $79,250
  • October '23 Oct '23 $42,371
  • September '23 Sep '23 $34,318
  • August '23 Aug '23 $88,500
  • July '23 Jul '23 $100,000
  • June '23 Jun '23 $56,500
  • May '23 May '23 $75,500
  • April '23 Apr '23 $65,250
  • March '23 Mar '23 $40,997
Number of Homes Sold i
28
(Feb 2024)
-22.2%
year-over-year
y-o-y
  • February '24 Feb '24 28
  • January '24 Jan '24 25
  • December '23 Dec '23 29
  • November '23 Nov '23 33
  • October '23 Oct '23 33
  • September '23 Sep '23 37
  • August '23 Aug '23 41
  • July '23 Jul '23 42
  • June '23 Jun '23 57
  • May '23 May '23 42
  • April '23 Apr '23 49
  • March '23 Mar '23 50
Number of Purchase Loans i
20
(Feb 2024)
-39.4%
year-over-year
y-o-y
  • February '24 Feb '24 20
  • January '24 Jan '24 23
  • December '23 Dec '23 20
  • November '23 Nov '23 35
  • October '23 Oct '23 30
  • September '23 Sep '23 32
  • August '23 Aug '23 32
  • July '23 Jul '23 37
  • June '23 Jun '23 52
  • May '23 May '23 38
  • April '23 Apr '23 45
  • March '23 Mar '23 43
Number of REFI Loans i
10
(Feb 2024)
+233.3%
year-over-year
y-o-y
  • February '24 Feb '24 10
  • January '24 Jan '24 17
  • December '23 Dec '23 13
  • November '23 Nov '23 7
  • October '23 Oct '23 20
  • September '23 Sep '23 17
  • August '23 Aug '23 18
  • July '23 Jul '23 10
  • June '23 Jun '23 25
  • May '23 May '23 25
  • April '23 Apr '23 15
  • March '23 Mar '23 11
Number of HELOC Loans i
12
(Feb 2024)
+71.4%
year-over-year
y-o-y
  • February '24 Feb '24 12
  • January '24 Jan '24 4
  • December '23 Dec '23 9
  • November '23 Nov '23 12
  • October '23 Oct '23 17
  • September '23 Sep '23 17
  • August '23 Aug '23 15
  • July '23 Jul '23 14
  • June '23 Jun '23 10
  • May '23 May '23 13
  • April '23 Apr '23 12
  • March '23 Mar '23 10

Federal Way, WA 98003 Foreclosure Activity

There were a total of 3 Federal Way, WA 98003 properties with a foreclosure filing in February 2024.

Total Foreclosure Filings i
3
(Feb 2024)
+200%
year-over-year
y-o-y
  • February '24 Feb '24 3
  • January '24 Jan '24 2
  • December '23 Dec '23 N/A
  • November '23 Nov '23 3
  • October '23 Oct '23 2
  • September '23 Sep '23 2
  • August '23 Aug '23 N/A
  • July '23 Jul '23 2
  • June '23 Jun '23 1
  • May '23 May '23 N/A
  • April '23 Apr '23 2
  • March '23 Mar '23 2
Foreclosure Starts i
3
(Feb 2024)
+200%
year-over-year
y-o-y
  • February '24 Feb '24 3
  • January '24 Jan '24 2
  • December '23 Dec '23 N/A
  • November '23 Nov '23 3
  • October '23 Oct '23 2
  • September '23 Sep '23 2
  • August '23 Aug '23 N/A
  • July '23 Jul '23 2
  • June '23 Jun '23 1
  • May '23 May '23 N/A
  • April '23 Apr '23 2
  • March '23 Mar '23 2
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