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 April 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
$558,563
$317/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Federal Way-Auburn was $558,563 in April 2024, up 2.6% from last year, and the median price per square foot was $317.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $219.9K | $226.5K | +3.0% |
2 Bedrooms | $330.3K | $335K | +1.4% |
3 Bedrooms | $519.2K | $539.8K | +4.0% |
4 Bedrooms | $650K | $669K | +2.9% |
5+ Bedrooms | $725K | $750K | +3.4% |
Summary: Federal Way-Auburn housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 3%, 2 bedroom homes increased by 1.4%, 3 bedroom homes increased by 4%, 4 bedroom homes increased by 2.9%, and 5+ bedroom homes increased by 3.4%.
Median Sold Price Compared To Nearby Cities
Federal Way | $550K | $575K | +4.5% |
Federal Way-Auburn | $544.6K | $558.5K | +2.6% |
Pacific | $525K | $531.5K | +1.2% |
Algona | $452.9K | $450K | -0.7% |
Auburn | $590.2K | $585K | -0.9% |
Housing Supply in Federal Way-Auburn, WA
How many homes are available in Federal Way-Auburn, WA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
342 | 402 | +17.5% |
Summary: The Federal Way-Auburn real estate market had 402 homes for sale in April 2024, a 17.5% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 11 | 13 | +18.2% |
2 Bedrooms | 61 | 59 | -3.3% |
3 Bedrooms | 129 | 163 | +26.4% |
4 Bedrooms | 96 | 112 | +16.7% |
5+ Bedrooms | 45 | 55 | +22.2% |
Summary: The Federal Way-Auburn housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 18.2%, 2 bedroom homes decreased by 3.3%, 3 bedroom homes increased by 26.4%, 4 bedroom homes increased by 16.7%, and 5+ bedroom homes increased by 22.2%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
113 | 108 | -4.4% |
Asking Price vs. Sold Price
20 Homes Were Sold
Under Asking
30 Homes Were Sold
At Asking
58 Homes Were Sold
Over Asking
Summary: A total of 108 homes were sold or pending in Federal Way-Auburn in April 2024, down by 4.4% month-over-month. Of the 108 sold homes, 19% were sold under asking, 28% were sold at asking, and 54% 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
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
27 Days | 22 Days | -16.5% |
Summary: Homes in Federal Way-Auburn had an average of 22 days on market in Apr 2024, down by 16.5% compared to last year.
Breakdown of Home Sale Times
90 Homes Were Sold
Under 30 Days
11 Homes Were Sold
In 30 - 90 Days
7 Homes Were Sold
Over 90 Days
Summary: During April 2024, 108 homes were sold in Federal Way-Auburn; 83% of homes were sold within 30 days, 10% of homes were sold within 30 to 90 days, and 6% of homes were sold over 90 days.