Market Intelligence · WA / Federal Way
Federal Way, WA 98023 Housing Market
The typical home value in Federal Way's 98023 ZIP is $614,458, down 1.4% over the past year. The median list price stands at $663,000, with homes spending a median of 44 days on the market.
The median home value in Federal Way, WA 98023 is $602K as of August 2026, down 1.2% year over year, according to Zillow ZHVI. Get your own home's value and a real cash offer in about two minutes, with sources shown and no obligation.
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Typical 98023 range
$554K to $651K
This is an automated estimate, not an appraisal. Actual value is determined by current market conditions and professional evaluation. It is provided for informational purposes only and is not an offer to buy or a promise of value.
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12-month value trend
-1.2% over 12 months
Aug 2025$610K
Low $602KHigh $614K
Aug 2026$602K