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Thursday, March 13, 2025

Rising home prices in South Federal Way (unincorporated) in the first half of 2022

Webp re 11

The median sale price of a home sold in the first half of 2022 in South Federal Way (unincorporated) rose by $80,000 while total sales increased by 27.3 percent, according to BlockShopper.com.

From January through June, there were 28 homes sold, with a median sale price of $580,000 - a 16 percent increase over the $500,000 median sale price for the same period of the previous year. There were 22 homes sold in South Federal Way (unincorporated) in the first half of 2021.

The median sales tax in South Federal Way (unincorporated) for the most recent year with available data, 2016, was $3,729, approximately 0.6 percent of the median home sale price for the first half of 2022.

The following table compares South Federal Way (unincorporated) to other King County cities with similar median sale prices in the first half of 2022:

CityJanuary - June 2022 Home SalesJanuary - June 2021 Home Sales% change (Total Home Sales)January - June 2022 Median Sales PriceJanuary - June 2021 Median Sales Price% change (Median Sales Price)
Skykomish (unincorporated)3250$600,000$525,00014.3
Des Moines113123-8.1$595,000$539,99010.2
Auburn2242240$590,000$498,49818.4
Seattle (unincorporated)12511211.6$590,000$530,74011.2
Milton57-28.6$580,500$440,00031.9
South Federal Way (unincorporated)282227.3$580,000$500,00016
Seatac6071-15.5$572,500$505,00013.4
Pacific261936.8$552,500$400,00038.1
Enumclaw655812.1$550,000$472,50016.4
Baring (unincorporated)31200$525,000$50,000950
Algona1217-29.4$466,250$450,0003.6

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