Federal Way, WA Foreclosures
How much do homes sell for in Federal Way, WA?
The average home price is currently $721,987.
In Federal Way, WA, how many homes are available?
There are currently 5 active home listings available in Federal Way.
What’s the average rental cost in Federal Way, WA?
The average rental price in Federal Way is $1,780.
What is the most expensive home in Federal Way?
The most expensive home sold in Federal Way had a price of $138,783,544.
What is currently the cheapest priced home in Federal Way, WA?
The cheapest home for sale in Federal Way is priced at $20,415.
Living in Federal Way, WA
Federal Way, WA, epitomizes the perfect suburban lifestyle with quick access to the bustling cities of Seattle and Tacoma. Known for its diverse amenities, outdoor recreational opportunities, and strong educational institutions, Federal Way offers a quality of life that appeals to families and professionals alike. With a mix of parks, shopping centers, and community events, it's a place where residents love to work, play, and live.
Current Market Conditions in Federal Way, WA
The real estate market in Federal Way is currently experiencing a stable inventory with a mix of traditional single-family homes, townhouses, and newer developments. The average home price has seen a steady increase over the past few months, reflecting the city’s growing popularity among families seeking affordable housing close to the urban center. Continuously, the demand for homes in this area remains strong, driven by its desirable location and comprehensive amenities.
Buyers are now facing increased competition, causing properties to sell faster than in previous years. Homes that are well-maintained, located near good schools, or have easy access to public transportation tend to attract multiple offers. The market is also witnessing a rise in interest from out-of-state buyers, particularly from California and other high-cost living areas, further pushing up demand and prices.
Home Value Estimator For Federal Way, WA
There are currently 25,679 real estate properties
in Federal Way, WA,
with a median automated valuation model (AVM) price
of $601,207.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Federal Way, WA, based on current market
trends, comparable real
estate sales nearby, historical data and, of course, property features, among other
variables. These automated home estimates are often very helpful, providing buyers
and
sellers with a better idea of a home’s value ahead of the negotiation process. For
example,
the average home price in Federal Way, WA,
is $721,987.00, with the most expensive house
in Federal Way, WA, topping out
at $138,783,544.00 and the cheapest home
in Federal Way, WA,
clocking in at $20,415.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Federal Way, WA!
Rent Prices
In Federal Way, WA
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Federal Way, WA, is on
a rollercoaster ride. The
average rent price in Federal Way, WA,
is $1,780.00. Indeed, when looking to rent in
Federal Way, WA, you can expect to pay as little
as $870.00 or as much
as $5,040.00,
with the average rent median estimated to
be $1,750.00. The good news is that finding
an affordable and desirable property to rent in Federal Way, WA
-- whether it’s apartments,
townhomes, condominiums or single-family homes -- is made easier with knowledge of
the
local market and, of course, a little patience.
Learn more on Foreclosure homes
