ZIP 98023 · Federal Way, WA

98023 Federal Way, WA Housing Market

Monthly housing intelligence for ZIP 98023, Federal Way, WA. Latest data: May 2026.

Median listing price

$667,500

MoM -2.4% · YoY +3.1%

Active listings

YoY +46.2%

Median days on market

YoY +55.3%

New listings

YoY +13.3%

Pending listings

Pending ratio 0.54

Price reduced share

21.5%

YoY +7.0%

Median $ / sqft

$331

YoY -0.2%

Median sqft

2,120

Average listing price

$774,542

YoY +5.9%

Total listings

145

Nearby ZIPs

98003

Federal Way, WA

$499,950

78 active · 31 DOM

Month	Median price	Active	DOM	Pending ratio
May 2026	$667,500	95	37	0.54
April 2026	$683,724	84	26	0.37