In July 2020, there were 59 homes sold, with a median sale price of $415,000 - a 2.5% increase over the $405,000 median sale price for the same period of the previous year. There were 28 homes sold in Federal Way in July 2019.
The median sales tax in Federal Way for the most recent year with available data, 2016, was $3,694, approximately 0.9% of the median home sale price for July 2020.
The following table compares Federal Way to other King County cities with similar median sale prices in July 2020:
| City | July 2020 Home Sales | July 2019 Home Sales | % change (Total Home Sales) | July 2020 Median Sales Price | July 2019 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Tukwila | 10 | 6 | 66.7% | $447,500 | $441,000 | 1.5% |
| South Federal Way (unincorporated) | 5 | 1 | 400% | $440,000 | $250,000 | 76% |
| Auburn | 42 | 20 | 110% | $428,500 | $435,000 | -1.5% |
| Enumclaw | 16 | 9 | 77.8% | $427,475 | $380,950 | 12.2% |
| Auburn (unincorporated) | 13 | 12 | 8.3% | $420,000 | $329,000 | 27.7% |
| Federal Way | 59 | 28 | 110.7% | $415,000 | $405,000 | 2.5% |
| Pacific | 7 | 2 | 250% | $400,000 | $382,250 | 4.6% |
| Covington | 16 | 11 | 45.5% | $395,000 | $475,000 | -16.8% |
| Seatac | 21 | 9 | 133.3% | $390,000 | $435,000 | -10.3% |
| Baring (unincorporated) | 1 | 1 | 0% | $313,000 | $350,000 | -10.6% |
| Carnation | 1 | 3 | -66.7% | $258,000 | $535,000 | -51.8% |
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