In May 2020, there were 60 homes sold, with a median sale price of $442,000 - a 7.3% increase over the $412,000 median sale price for the same period of the previous year. There were 74 homes sold in Federal Way in May 2019.
The median sales tax in Federal Way for the most recent year with available data, 2016, was $3,694, approximately 0.8% of the median home sale price for May 2020.
The following table compares Federal Way to other King County cities with similar median sale prices in May 2020:
| City | May 2020 Home Sales | May 2019 Home Sales | % change (Total Home Sales) | May 2020 Median Sales Price | May 2019 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Burien | 14 | 38 | -63.2% | $487,750 | $502,500 | -2.9% |
| Kent | 29 | 64 | -54.7% | $475,000 | $427,500 | 11.1% |
| Kent (unincorporated) | 34 | 31 | 9.7% | $462,500 | $450,000 | 2.8% |
| Covington | 11 | 35 | -68.6% | $462,000 | $426,950 | 8.2% |
| Tukwila | 6 | 10 | -40% | $452,500 | $346,838.50 | 30.5% |
| Federal Way | 60 | 74 | -18.9% | $442,000 | $412,000 | 7.3% |
| Seatac | 14 | 17 | -17.6% | $441,327.50 | $404,500 | 9.1% |
| Auburn (unincorporated) | 12 | 11 | 9.1% | $432,750 | $410,950 | 5.3% |
| Auburn | 31 | 44 | -29.5% | $425,000 | $425,000 | 0% |
| Des Moines | 10 | 33 | -69.7% | $422,000 | $430,000 | -1.9% |
| Enumclaw | 12 | 10 | 20% | $397,500 | $363,400 | 9.4% |
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