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Market Intelligence · WA / King County

Federal Way, WA home prices and housing market

2 ZIP markets liveData updated September 2026Typical value$575K1-yr changeDown0.4%

The typical home value in Federal Way, WA is $575K as of September 2026, down 0.4% from a year ago, based on the Zillow Home Value Index. In the typical Federal Way ZIP code, the median list price is $582K and homes spend a median of 46 days on market as of September 2026 (Realtor.com).

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The coverage

Federal Way, by the numbers.

Typical home valueZillow ZHVI, September 2026
$575K
1-yr changeMedian across Federal Way ZIPs
-0.4%
ZIP markets live4 tracked in Federal Way
2
County
King County

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12-month value trend

-0.4% over 12 months

Typical home value in Federal Way over the last 12 months: $578K in Sep 2025 to $575K in Sep 2026 (-0.4%).

Sep 2025$578K

Sep 2026$575K

Median Zillow home value index across Federal Way's ZIP codes.

Context

Federal Way's housing market is cooling moderately. The typical home value sits at $575,195, down 0.4% over the past year as of September 2026. There are 261 homes for sale with a median list price of $581,850. New listings arrive steadily, with 82 added recently, though homes are taking longer to move. The median time on market is 46 days, and about 29.6% of listings carry a price cut. If you're thinking about selling, expect a slower pace than you might have seen a year or two ago. Pricing will matter more than speed.

The numbers

What is the housing market like in Federal Way, WA?

Typical home value

$575K

Down0.4%YoY

Median list price

$582K

Days on market

46

Homes for sale

261

Price cuts

29.6%

New listings

82

Sources · Zillow ZHVI (September 2026) / Realtor.com (September 2026)

Figures reflect Federal Way's ZIP codes with market data: values and listing medians take the median across ZIPs; inventory and new listings are summed.

Prices over time

Federal Way, WA home prices over time

Typical home values in Federal Way, WA are down 0.4% over the past year, from $578K in September 2025 to $575K in September 2026.

Typical home value in Federal Way, WA, September of each year
MonthTypical value1-yr change
September 2026$575,195-0.4%
September 2025$577,532No prior year

Typical value is the median Zillow Home Value Index across Federal Way ZIP codes, taken in September of each year so every row compares the same month.

Market balance

Is Federal Way, WA a buyer's or seller's market?

Federal Way, WA leans toward a buyer's market.

A large share of listings have cut their asking price and homes for sale are building up relative to new listings, which gives buyers more room to negotiate.

Based on a median of 46 days on market and 30% of listings with a price cut in the typical Federal Way ZIP code, and 82 new listings against 261 active listings across Federal Way, as of September 2026 (Realtor.com).

The outlook

Federal Way housing market forecast 2027

-0.1%

Weighted average of Zillow's ZIP forecasts, 12 months to September 2027

A weighted average of Zillow's ZIP forecasts, across 2 Federal Way ZIP codes, points to typical home values holding roughly flat by September 2027 (down 0.1%).

Over the 12 months through September 2026, typical home values in Federal Way fell 0.4%, per the Zillow Home Value Index.

Will home prices drop in Federal Way?

Not by much, on the forecasts: a weighted average of Zillow's ZIP forecasts for Federal Way shows typical home values holding roughly flat by September 2027 (down 0.1%), after a 0.4% decline over the past 12 months. Forecasts are not guarantees: mortgage rates, inventory, and the wider economy can move values either way.

How this is calculated: each ZIP code's 12-month Zillow forecast is weighted by its typical home value (Zillow Home Value Index, September 2026). 2 Federal Way ZIP codes have both figures.

Forecast: a weighted average of Zillow's ZIP forecasts (Zillow Home Value Forecast, published October 2026), calculated by Home Value Pros. A forecast, not a guarantee.

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Live markets

What ZIP codes are live in Federal Way?

Typical value is the Zillow home value index (ZHVI) for each ZIP, as of September 2026. 1-yr change compares it to the same ZIP a year earlier. We track 4 Federal Way ZIP codes in total; the remaining 2 publish as their data clears editorial QA.

Zillow ZHVI, September 2026

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Common questions

Questions about Federal Way, WA home prices.

What's the typical home value in Federal Way?

The typical home value in Federal Way is $575,195 as of September 2026, down 0.4% from the year prior.

How long do homes typically stay on the market?

The median days on market is 46 as of September 2026.

How many homes are currently for sale in Federal Way?

There are 261 homes for sale as of September 2026, with 82 new listings added recently. About 29.6% of listings have seen a price reduction.

Are home prices going up or down in Federal Way, WA?

Typical home values in Federal Way, WA are down 0.4% over the past year, based on the Zillow Home Value Index as of September 2026.

Is Federal Way, WA a buyer's or seller's market?

Federal Way, WA leans toward a buyer's market. A large share of listings have cut their asking price and homes for sale are building up relative to new listings, which gives buyers more room to negotiate. Based on a median of 46 days on market and 30% of listings with a price cut in the typical Federal Way ZIP code, and 82 new listings against 261 active listings across Federal Way, as of September 2026 (Realtor.com).

Nearby markets

More Washington housing markets.

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