In July 2021, there were 61 homes sold, with a median sale price of $591,000 - a 42.4% increase over the $415,000 median sale price for the same period of the previous year. There were 59 homes sold in Federal Way in July 2020.
The median sales tax in Federal Way for the most recent year with available data, 2016, was $3,694, approximately 0.6% of the median home sale price for July 2021.
The following table compares Federal Way to other King County cities with similar median sale prices in July 2021:
| City | July 2021 Home Sales | July 2020 Home Sales | % change (Total Home Sales) | July 2021 Median Sales Price | July 2020 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Maple Valley | 46 | 45 | 2.2% | $697,500 | $525,100 | 32.8% |
| Renton | 44 | 42 | 4.8% | $680,000 | $509,500 | 33.5% |
| North Bend (unincorporated) | 13 | 16 | -18.8% | $644,900 | $596,000 | 8.2% |
| Renton (unincorporated) | 14 | 6 | 133.3% | $613,750 | $515,000 | 19.2% |
| Kent (unincorporated) | 44 | 37 | 18.9% | $599,000 | $540,000 | 10.9% |
| Federal Way | 61 | 59 | 3.4% | $591,000 | $415,000 | 42.4% |
| Burien | 32 | 17 | 88.2% | $590,000 | $467,000 | 26.3% |
| Kent | 59 | 44 | 34.1% | $580,000 | $453,250 | 28% |
| Auburn | 44 | 42 | 4.8% | $565,000 | $428,500 | 31.9% |
| Auburn (unincorporated) | 16 | 13 | 23.1% | $563,500 | $420,000 | 34.2% |
| South Federal Way (unincorporated) | 4 | 5 | -20% | $562,500 | $440,000 | 27.8% |
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