Is Federal Way-Auburn, WA a buyer’s or seller’s market?

Housing Market Conditions



Gauge showing Federal Way-Auburn is a seller's market


Difference Since August 2022

Since last year, Federal Way-Auburn has remained a Seller's Market.

Key Takeaway

Federal Way-Auburn is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices

How much do homes in Federal Way-Auburn, WA cost?

Median Sold Price



Based on all homes sold in the last 12 months.

Difference Since August 2022


Key Takeaway

Homes in Federal Way-Auburn have sold for 2% less than they did a year ago.

Summary: The median home sold price in Federal Way-Auburn was $544,328 in August 2023, down 2% from last year, and the median price per square foot was $312.

Median Sold Price By Bedroom Count

# BEDSAug 2022Aug 2023CHANGE
1 $215.7K$217.4K
2 $323.5K$335K
3 $524.8K$523K
4 $665K$641.4K
5+ $755K$719.9K

Summary: Federal Way-Auburn housing prices by bedroom type for August 2023 compared to the previous year: The home price of 1 bedroom homes increased by 0.8%, 2 bedroom homes increased by 3.5%, 3 bedroom homes decreased by 0.4%, 4 bedroom homes decreased by 3.5%, and 5+ bedroom homes decreased by 4.6%.

Median Sold Price Compared To Nearby Cities

Federal Way
Federal Way-Auburn

Housing Supply

How many homes are available in Federal Way-Auburn, WA?

Number of Homes For Sale

Jul 2023Aug 2023CHANGE

Summary: The Federal Way-Auburn real estate market had 483 homes for sale in August 2023, a 13.1% increase compared to July 2023.

Homes For Sale By Bedroom Count

# BEDSJul 2023Aug 2023CHANGE
1 1616
2 6069
3 163195
4 136145
5+ 5258

Summary: The Federal Way-Auburn housing inventory by bedroom type for August 2023 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 15%, 3 bedroom homes increased by 19.6%, 4 bedroom homes increased by 6.6%, and 5+ bedroom homes increased by 11.5%.

Number of Homes Sold

Jul 2023Aug 2023CHANGE

Asking Price vs. Sold Price

30 Homes Were Sold
Under Asking

40 Homes Were Sold
At Asking

65 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Federal Way-Auburn, you could pay more than the asking price. 48.1% of homes here sold above asking price last month.

Summary: A total of 135 homes were sold or pending in Federal Way-Auburn in August 2023, up by 4.7% month-over-month. Of the 135 sold homes, 22% were sold under asking, 30% were sold at asking, and 48% were sold over asking.

Days on Market

How long does it take to sell a home in Federal Way-Auburn, WA?

Average Sale Time

Aug 2022Aug 2023CHANGE
19 Days17 Days-12.3%

Summary: Homes in Federal Way-Auburn had an average of 17 days on market in Aug 2023, down by 12.3% compared to last year.

Breakdown of Home Sale Times

112 Homes Were Sold
Under 30 Days

20 Homes Were Sold
In 30 - 90 Days

3 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Federal Way-Auburn are selling fast, if you're buying plan to act quickly.

Summary: During August 2023, 135 homes were sold in Federal Way-Auburn; 83% of homes were sold within 30 days, 15% of homes were sold within 30 to 90 days, and 2% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 29 Days Ago

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Nearby Markets

What housing markets are near Federal Way-Auburn, WA?