Stay ahead with market trends and local insights that matter.
Home prices are trending up by 9% year-over-year, with a median list price of $599,000 and a median sale price of $596,000. Properties sell at an average of $591,801, typically spending 68 days on the market.
Location
Federal Way, WA
Date
04-09-2023
Avg Sale Price
$550,000
The market maintains its steady pace indicating a consistent buyer interest. A total of 820 homes were sold with 171 properties undergoing price cuts. Leverage these insights to assess market conditions and plan your next move.
Location
Federal Way, WA
Date
04-09-2023
Price Ratio
101%
Choosing the right school is crucial for your child's education. Compare ratings, distance, and academic offerings across elementary, middle and high schools to make a well-informed decision.
Montessori Academy at Spring Valley
PK to 8
St Lukes School
PK to 1
St Vincent de Paul School
PK to 8
Federal Way Public Academy
6 to 10
Ratings
A+
TAF Academy at Saghalie
6 to 8
Ratings
D-
Illahee Middle School
6 to 8
Ratings
D
Open Doors Youth Reengagement (1418)
9 to 12
Ratings
D-
Federal Way Running Start Home School
11 to 12
Gateway to College
9 to 12
Federal Way High School
9 to 12
Ratings
D+
Employment Transition Program
9 to 12
Weather plays a crucial role in real estate decisions. Consider environmental factors like flood risks, wildfire hazards, extreme heat, and other climate conditions for a well-informed choice.
Population dynamics, income levels, and employment patterns are key indicators of real estate demand and future growth. Use these insights to make well-informed decisions.
With a steadily growing population, the area offers a vibrant community atmosphere. Current data indicates a population increase of 11% since 2010, reflecting rising demand for housing and local amenities. This trend highlights the area's potential for continued development and long-term residential appeal.
Average Age is 38 Years
The area's household landscape is diverse, with 54% owner-occupied homes and 46% renter-occupied properties. Family households represent 66% of the population, indicating a strong community focus on family living. The average home value stands at $655,300, which suggests ample demand for multi-bedroom properties.
The area's community showcases a dynamic blend of cultures, contributing to a rich and inclusive environment. Demographic data highlights a diverse composition, with 20% Asian, 14% Black, and 1% Native residents, alongside 40% White and 20% Hispanic/Other populations. This multicultural landscape offers residents a vibrant and culturally enriched living experience.
The area reflects a well-distributed income pattern with approximately 37% of households earning over $100,000 annually, while 32% fall within the $50,000 to $100,000 range. The median income stands at $75,000, signalling a financially stable community with growth potential.
The area has a diverse workforce with employment spanning across sectors like technology, healthcare, education, and retail. Below is the percentage of residents employed across various industries, highlighting the region's balanced and dynamic economic landscape.
% of People are working in various industries.