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Federal Way, WA 98023 Real Estate & Property Data

Federal Way, WA 98023 Real Estate Market Trends

Last Updated: September 06, 2025

A total of 593 residential properties have been sold over the past 12 months in 98023. With a median sales price of $640,000 in 98023 and a total of 2 foreclosures in Federal Way, WA 98023. Discover market trends and get the granular level real estate data for Federal Way, WA 98023 to keep your pulse on the housing market. Curate compelling home reports for Federal Way, WA 98023 from reliable property records is easy using the ATTOM platform as a source for state-of-the-art property reports.

Federal Way, WA 98023 Real Estate Market Trends

Get property data for any address in Federal Way, WA 98023 or the country:

Total Residential Properties 13,986

Total Commercial Properties 94

Avg. Home Age (Single Family Home) 45 Years

Avg. Square Feet (Single Family Home) 2,071

Total 2025 Residential Sales (year-to-date) 290

% of Homes Seriously Underwater (Q3 2025) 1%

Total 2024 Residential Sales 468

% of Equity Rich Homes (Q3 2025) 50.25%

Effective 2024 Property Tax 0.87%

Total Foreclosure Filings (year-to-date) 16

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Federal Way, WA 98023 Real Estate Overview

There were 593 residential properties sold in the past year in Federal Way, WA 98023. The median home value in Federal Way, WA 98023 is $629,334. There are a total of 13,986 residential properties in the 98023.

Median Sales Price i

$640,000

(Jun 2025)

-6.2%

year-over-year

y-o-y

June '25 Jun '25 $640,000
May '25 May '25 $660,000
April '25 Apr '25 $645,000
March '25 Mar '25 $609,500
February '25 Feb '25 $650,000
January '25 Jan '25 $616,000
December '24 Dec '24 $645,000
November '24 Nov '24 $612,000
October '24 Oct '24 $650,000
September '24 Sep '24 $610,000
August '24 Aug '24 $650,000
July '24 Jul '24 $606,000

Median Down Payment i

$89,250

(Jun 2025)

+13.3%

year-over-year

y-o-y

June '25 Jun '25 $89,250
May '25 May '25 $99,950
April '25 Apr '25 $103,200
March '25 Mar '25 $75,000
February '25 Feb '25 $79,081
January '25 Jan '25 $53,400
December '24 Dec '24 $84,008
November '24 Nov '24 $99,025
October '24 Oct '24 $101,000
September '24 Sep '24 $65,500
August '24 Aug '24 $72,419
July '24 Jul '24 $55,000

Number of Homes Sold i

62

(Jun 2025)

+63.2%

year-over-year

y-o-y

June '25 Jun '25 62
May '25 May '25 55
April '25 Apr '25 56
March '25 Mar '25 54
February '25 Feb '25 30
January '25 Jan '25 33
December '24 Dec '24 40
November '24 Nov '24 31
October '24 Oct '24 57
September '24 Sep '24 49
August '24 Aug '24 41
July '24 Jul '24 47

Number of Purchase Loans i

61

(Jun 2025)

+69.4%

year-over-year

y-o-y

June '25 Jun '25 61
May '25 May '25 47
April '25 Apr '25 54
March '25 Mar '25 42
February '25 Feb '25 32
January '25 Jan '25 33
December '24 Dec '24 36
November '24 Nov '24 28
October '24 Oct '24 48
September '24 Sep '24 33
August '24 Aug '24 45
July '24 Jul '24 45

Number of REFI Loans i

27

(Jun 2025)

+68.8%

year-over-year

y-o-y

June '25 Jun '25 27
May '25 May '25 40
April '25 Apr '25 33
March '25 Mar '25 23
February '25 Feb '25 17
January '25 Jan '25 23
December '24 Dec '24 24
November '24 Nov '24 23
October '24 Oct '24 43
September '24 Sep '24 22
August '24 Aug '24 21
July '24 Jul '24 22

Number of HELOC Loans i

15

(Jun 2025)

-44.4%

year-over-year

y-o-y

June '25 Jun '25 15
May '25 May '25 32
April '25 Apr '25 18
March '25 Mar '25 26
February '25 Feb '25 21
January '25 Jan '25 13
December '24 Dec '24 16
November '24 Nov '24 19
October '24 Oct '24 20
September '24 Sep '24 25
August '24 Aug '24 19
July '24 Jul '24 29

Federal Way, WA 98023 Real Estate Market Overview

Last 30 days

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Federal Way, WA 98023 Foreclosure Activity

There were a total of 2 Federal Way, WA 98023 properties with a foreclosure filing in June 2025.

Total Foreclosure Filings i

2

(Jun 2025)

June '25 Jun '25 2
May '25 May '25 3
April '25 Apr '25 N/A
March '25 Mar '25 4
February '25 Feb '25 N/A
January '25 Jan '25 7
December '24 Dec '24 1
November '24 Nov '24 N/A
October '24 Oct '24 1
September '24 Sep '24 9
August '24 Aug '24 3
July '24 Jul '24 2

Foreclosure Starts i

June '25 Jun '25 N/A
May '25 May '25 3
April '25 Apr '25 N/A
March '25 Mar '25 3
February '25 Feb '25 N/A
January '25 Jan '25 6
December '24 Dec '24 1
November '24 Nov '24 N/A
October '24 Oct '24 1
September '24 Sep '24 8
August '24 Aug '24 2
July '24 Jul '24 2

Completed Foreclosures (REOs) i

June '25 Jun '25 N/A
May '25 May '25 N/A
April '25 Apr '25 N/A
March '25 Mar '25 N/A
February '25 Feb '25 1
January '25 Jan '25 N/A
December '24 Dec '24 N/A
November '24 Nov '24 N/A
October '24 Oct '24 N/A
September '24 Sep '24 N/A
August '24 Aug '24 N/A
July '24 Jul '24 N/A

Nearby Zip Codes

1. 98003

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