Updated May 2026 · Redfin · 3-month window
98003 Real Estate Market Update: Federal Way, WA, May 2026
The latest housing-market numbers for ZIP code 98003 in Federal Way, Washington, for May 2026, from the Redfin Data Center. ZIP-level figures are a rolling three-month window.
| Metric | Value | MoM | YoY |
|---|---|---|---|
| Median sale price | $600K | ▼ -0.9% | ▲ +8.1% |
| Days on market | 27 | ▲ +23.3% | ▲ +165.0% |
| Homes for sale | 91 | ▲ +28.2% | ▲ +30.0% |
| Sale-to-list | 99.8% | ▲ +0.1% | ▼ -0.9% |
| Homes sold | 86 | ▼ -2.3% | ▲ +14.7% |
Figures from the Redfin Data Center ZIP-code tracker (rolling 3-month window, not seasonally adjusted). Verify against your MLS before posting. Not a valuation for a specific home.
What the 98003 numbers say
Prices in Federal Way's 98003 ZIP are still climbing. The median sale price reached $600,000, up 8.1% year over year. Homes here move fast: a typical listing goes under contract in about 27 days, and sellers are getting 99.8% of list price.
Based on 86 recent sales, 98003 is currently an active market.
What this means if you sell in 98003
Use these figures to set expectations early. Lead a listing appointment with the median price and the 27-day pace, show the year-over-year direction, and frame 98003 as an active market. Buyers and sellers trust an agent who knows their exact ZIP, not just the metro average.
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Build the Federal Way post →Frequently asked: the 98003 housing market
- What is the median home price in ZIP 98003 (Federal Way, WA)?
- As of May 2026, the median sale price in ZIP 98003 is $600,000 (+8.1% year over year), per the Redfin Data Center. Figures are a rolling 3-month window 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 a 99.8% sale-to-list ratio, about 27 days on market for May 2026.
- How long do homes take to sell in ZIP 98003?
- A typical listing in 98003 goes under contract in about 27 days as of May 2026. Always verify against your local MLS before quoting figures to clients.
- Where does this 98003 market data come from?
- All figures come from the Redfin Data Center ZIP-code market tracker, a rolling 3-month window refreshed monthly. LOKAL turns them into a ready-to-post carousel, story and square graphic. LOKAL is not affiliated with Redfin.
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Data: Redfin · Redfin Data Center (ZIP-code market tracker). Figures are a ZIP-level 3-month snapshot, not a valuation for a specific home.