Updated July 2026Zillowmonthly
98003 Real Estate Market Update: Federal Way, WA, July 2026
The latest housing-market numbers for ZIP code 98003 in Federal Way, Washington, for July 2026: a $483K median sale price, straight from Zillow Research. ZIP-level figures are monthly figures, smoothed over three months by Zillow.
| Metric | Value | MoM | YoY |
|---|---|---|---|
| Median sale price | $483K | ▼ -7.8% | ▼ -11.2% |
| Days to pending | 36 | ▲ +16.1% | n/a |
| Homes for sale | 123 | ▲ +12.8% | ▲ +21.8% |
| New listings | 43 | ▲ +2.4% | ▲ +2.4% |
Figures from Zillow Research (monthly figures, smoothed over three months by Zillow). Verify against your MLS before posting. Not a valuation for a specific home.
What the 98003 numbers say
The 98003 ZIP in Federal Way is cooling. The median sale price sits at $482,520, 11.2% below last year. Pace is steady: a typical listing goes under contract in about 36 days, with sellers getting close to list price.
With 123 homes for sale and 43 new listings this month, 98003 is currently an active market.
What this means if you sell in 98003
Use these figures to set expectations early with each client. Lead a listing appointment with the $483K median price and the 36-day pace, show the year-over-year direction, and frame 98003 as an active market. A buyer or seller client trusts an agent who knows their exact ZIP, not just the metro average.
How we track the 98003 market
We built LOKAL to pull 98003's numbers straight from Zillow Research, so an agent and a client read from the same source. For July 2026 we recorded a $483K median sale price, -11.2% year over year and a -7.8% month-over-month move with 123 homes for sale. That compares with roughly $543K a year earlier, in 2025. We refresh every ZIP monthly from Zillow Research, which only publishes a smoothed median once a ZIP has enough transactions, so the median stays reliable instead of noisy. Both sources have published ZIP-level series for years, which is what lets us show month-over-month and year-over-year change here in 2026. LOKAL is independent and not affiliated with Zillow; always verify against your MLS before you publish.
ZIP-code areas follow U.S. Postal Service boundaries; for complementary demographics on 98003 (population, median household income, owner-occupancy), see the U.S. Census Bureau profile for this ZIP Code Tabulation Area. LOKAL covers price and pace; the Census covers who lives there.
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Build the 98003 post →Frequently asked: the 98003 housing market
- What is the median home price in ZIP 98003 (Federal Way, WA)?
- As of July 2026, the median sale price in ZIP 98003 is $482,520 (-11.2% year over year), per Zillow Research. Figures are monthly figures, smoothed over three months by Zillow for this ZIP code.
- Is ZIP 98003 a buyer's or seller's market right now?
- ZIP 98003 is currently an active market, based on about 36 days on market for July 2026.
- How long do homes take to sell in ZIP 98003?
- A typical listing in 98003 goes under contract in about 36 days as of July 2026. Always verify against your local MLS before quoting figures to clients.
- Where does this 98003 market data come from?
- All figures for 98003 come from Zillow Research: monthly figures, smoothed over three months by Zillow. LOKAL turns them into a ready-to-post carousel, story and square graphic. LOKAL is not affiliated with Zillow.
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Data credited to its source on every update. LOKAL is independent.
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Data from Zillow Research (ZIP-level market data, monthly figures, smoothed over three months by Zillow), not a valuation for a specific home.