Is Federal Way-Auburn, WA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since June 2023
Since last year, Federal Way-Auburn has remained a Seller's Market.
Housing Prices in Federal Way-Auburn, WA
How much do homes in Federal Way-Auburn, WA cost?
Median Sold Price
$565,425
$321/sqft
Based on all homes sold in the last 12 months.
Difference Since June 2023
Summary: The median home sold price in Federal Way-Auburn was $565,425 in June 2024, up 4.7% from last year, and the median price per square foot was $321.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Jun 2023 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $220K | $225K | +2.3% |
2 Bedrooms | $335K | $335K | 0.0% |
3 Bedrooms | $511.4K | $549.9K | +7.5% |
4 Bedrooms | $639.9K | $671.7K | +5.0% |
5+ Bedrooms | $720K | $750K | +4.2% |
Summary: Federal Way-Auburn housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes increased by 2.3%, 2 bedroom homes did not change, 3 bedroom homes increased by 7.5%, 4 bedroom homes increased by 5%, and 5+ bedroom homes increased by 4.2%.
Median Sold Price Compared To Nearby Cities
Federal Way | $548.5K | $590K | +7.6% |
Federal Way-Auburn | $540K | $565.4K | +4.7% |
Auburn | $594.3K | $595K | 0.1% |
Pacific | $525K | $505K | -3.8% |
Housing Supply in Federal Way-Auburn, WA
How many homes are available in Federal Way-Auburn, WA?
Number of Homes For Sale
May 2024 | Jun 2024 | CHANGE |
---|---|---|
501 | 538 | +7.4% |
Summary: The Federal Way-Auburn real estate market had 538 homes for sale in June 2024, a 7.4% increase compared to May 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 15 | 19 | +26.7% |
2 Bedrooms | 72 | 74 | +2.8% |
3 Bedrooms | 201 | 213 | +6.0% |
4 Bedrooms | 156 | 170 | +9.0% |
5+ Bedrooms | 57 | 62 | +8.8% |
Summary: The Federal Way-Auburn housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 26.7%, 2 bedroom homes increased by 2.8%, 3 bedroom homes increased by 6%, 4 bedroom homes increased by 9%, and 5+ bedroom homes increased by 8.8%.
Number of Homes Sold
May 2024 | Jun 2024 | CHANGE |
---|---|---|
139 | 124 | -10.8% |
Asking Price vs. Sold Price
42 Homes Were Sold
Under Asking
42 Homes Were Sold
At Asking
40 Homes Were Sold
Over Asking
Summary: A total of 124 homes were sold or pending in Federal Way-Auburn in June 2024, down by 10.8% month-over-month. Of the 124 sold homes, 34% were sold under asking, 34% were sold at asking, and 32% were sold over asking.
Days on Market for Federal Way-Auburn, WA
How long does it take to sell a home in Federal Way-Auburn, WA?
Average Sale Time
Jun 2023 | Jun 2024 | CHANGE |
---|---|---|
15 Days | 19 Days | +27.2% |
Summary: Homes in Federal Way-Auburn had an average of 19 days on market in Jun 2024, up by 27.2% compared to last year.
Breakdown of Home Sale Times
103 Homes Were Sold
Under 30 Days
16 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Summary: During June 2024, 124 homes were sold in Federal Way-Auburn; 83% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 4% of homes were sold over 90 days.