Homes for Sale Under 500K in Federal Way, WA

183 Homes for Sale

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Federal Way, WA Housing Market Overview

Federal Way is moving fast, and is a seller's market. Just 1.6 months of supply and 8 days on the market mean less competition for buyers and more leverage for you.

Status

Seller's Market

Days on Market

8

Inventory

106

Sep 2021Mar 2024Mar 2026

Median Home Price

$615,475Up 0.09%

In Mar 2026 · YoY

Sep 2021Mar 2024Mar 2026

Mortgage Rates 30-Yr Fixed

6.23%Down 0.58%

Current rate · YoY

Loan Type

30-Year Fixed

Housing Supply

Homes For Sale
106 Up 0.10%
Newly Listed Homes
86 Up 0.01%
Months of Supply
1.6 Up 0.20%

Housing Demand

Homes Sold
65 Down 0.00%
Sale-to-List Ratio
99.9% Down 0.14%
Homes Sold Above List
38.5% Up 3.25%

30-yr fixed rate 6.23% · Data as of Mar 2026 · Source: Houzeo Research.

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  • mls-imgIDX Logo

    Based on information submitted to the MLS GRID by Northwest Multiple Listing Service as of Oct 1, 2026, 2:47 PM. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.


    IDX information is provided exclusively for consumers’ personal, noncommercial use; it may not be used for any purpose other than to identify prospective properties that consumers may be interested in purchasing, that the data is deemed reliable, but is not guaranteed by MLS GRID, and that the use of the MLS GRID Data may be subject to an end-user license agreement prescribed by the Member Participant’s applicable MLS, if any and as amended from time to time. © 2025 Northwest Multiple Listing Service. All Rights Reserved.

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Federal Way, WA Housing Marketlink qauare
Homes Available icon

183

Homes Available

Median List Price icon

$ 615,475

Median List Price

Avg on Market icon

8 Days

Avg on Market

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