Unshakable ZIP Data 98023 | Federal Way, WA Housing Market
Federal Way · King County · Seattle-Tacoma-Bellevue, WA metro · Washington · Data updated June 19, 2026
The median sale price in ZIP 98023, Federal Way, Washington is $642,309 at $311 per square foot. 117 single-family homes sold in the latest period, down 14.3 percent from a year earlier. Homes sit a median of 7 days on market with 2.8 months of supply. Sellers are getting 100.3 percent of list price and 36.9 percent of homes sold above asking.
Seller's market. No room for sloppy offers.
Value anchors
| Metric | Value | Year over year |
|---|---|---|
| Average single-family value | $635,042 | |
| Average price per sq ft | $308 | |
| Median sale price | $642,309 | |
| Median sale price per sq ft | $311 | |
| Median home size | 2,065 sq ft | |
| Median new listing price | $643,425 | -0.2% |
| National size rank | 862 |
Sales activity
| Metric | Value | Year over year |
|---|---|---|
| Homes sold | 117 | -14.3% |
| Median days on market | 7 days | |
| Months of supply | 2.8 months | |
| New listings | 191 | +9.7% |
| Active listings | 244 | +12.5% |
| Pending sales | 139 | -13.8% |
Pricing power
| Metric | Value | Year over year |
|---|---|---|
| Average sale-to-list ratio | 100.3% | +0.1 pts |
| Share sold above list | 36.9% | -1.1 pts |
Bedroom value anchors
Average values by bedroom count. Value anchors for orientation, not appraisals.
1-bedroom
$247,312
2-bedroom
$329,248
3-bedroom
$578,584
4-bedroom
$690,939
5-bedroom
$776,142
These figures describe the single-family market for Federal Way, Washington ZIP 98023. They are market context, not a substitute for sold comps or a formal appraisal.