In January 2021, there were 33 homes sold, with a median sale price of $510,000 - a 23.6% increase over the $412,500 median sale price for the same period of the previous year. There were 30 homes sold in Federal Way in January 2020.
The median sales tax in Federal Way for the most recent year with available data, 2016, was $3,694, approximately 0.7% of the median home sale price for January 2021.
The following table compares Federal Way to other King County cities with similar median sale prices in January 2021:
| City | Jan. 2021 Home Sales | Jan. 2020 Home Sales | % change (Total Home Sales) | Jan. 2021 Median Sales Price | Jan. 2020 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| North Bend | 1 | 0 | - | $548,000 | $0 | - |
| South Federal Way (unincorporated) | 1 | 1 | 0% | $530,000 | $415,000 | 27.7% |
| Kent (unincorporated) | 13 | 16 | -18.8% | $523,000 | $398,975 | 31.1% |
| Tukwila | 4 | 2 | 100% | $515,000 | $278,406.68 | 85% |
| Covington | 11 | 5 | 120% | $512,000 | $386,000 | 32.6% |
| Federal Way | 33 | 30 | 10% | $510,000 | $412,500 | 23.6% |
| Kent | 30 | 14 | 114.3% | $503,000 | $379,500 | 32.5% |
| Renton (unincorporated) | 5 | 7 | -28.6% | $495,000 | $490,000 | 1% |
| Seattle (unincorporated) | 16 | 17 | -5.9% | $489,999.50 | $485,000 | 1% |
| Auburn | 20 | 21 | -4.8% | $483,250 | $400,000 | 20.8% |
| Des Moines | 21 | 7 | 200% | $475,000 | $523,000 | -9.2% |
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