Homes Under $500K in Federal Way, WA

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24 of 140 Listings

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Jeffrey J Jonas

Realty.com

Lic. #20012

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New25Active
$450,000
4 bd · 3 ba · 1,750 sqft
31227 7th Avenue S, Federal Way, WA
Sujin Cha · eXp Realty
14Active
$225,000
3 bd · 2 ba · 993 sqft
32110 SW 45th Place ##B-4, Federal Way, WA
Stanley Yeadon · Better Properties Kitsap
40Active
$359,950
3 bd · 3 ba · 0 sqft
4802 SW 317th Lane #C, Federal Way, WA
Shelly Baehler · RentLucky

Listing data & MLS disclosures

Northwest Multiple Listing Service (NWMLS): Based on information submitted to the MLS GRID as of 2026-10-06 12:01:19 UTC. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

About Homes Under $500K in Federal Way, WA

Homes Under $500K in Federal Way, WA: 140 active listings as of October 7, 2026, 05:14 UTC.

Property types among these 140 listings, by the property type each listing’s MLS reports, spelled as the MLS spells it. Types with fewer than 5 listings, and listings whose MLS reports no type, are not shown, so the shares can total less than 100%.
Property type	Listings	Share
Condominium	72	51.4%
Manufactured Home	39	27.9%
Single Family Residence	27	19.3%

Federal Way housing market

September 2026 · This period is still settling

Selling at 100.0% of asking price

Sales here are closing essentially at asking. MLS · 59 sales · as of Sep 30, 2026

Homes that sold · County records, as of Sep 21, 2026

Median sale price: $615,000$449,250–$700,000 typical range
Price per sq. ft.: $301
Sales: 42
Paid in cash: 16.7%

Homes on the market · MLS, as of Sep 27, 2026–Sep 30, 2026

Median list price: $598,925
Homes for sale: 260
Median days on market: 24 days

Price trend · Assessor repeat sales, as of Sep 30, 2026

Year-over-year: -0.4%

Housing stock — every home in the area, not only the ones selling or listed · Assessor records, as of Sep 11, 2026

Median home size: 1,810 sq. ft.

Federal Way, WA community profile

Population: 103,959
Median income: $78,916
Housing units: 40,546
People per sq. mi.: 4,481
Area: 23.2 sq. mi.

Source: HJN community data

Homes Under $500K in Federal Way, WA

Your local brokerage

Listing data & MLS disclosures

About Homes Under $500K in Federal Way, WA

Federal Way housing market

Homes that sold · County records, as of Sep 21, 2026

Homes on the market · MLS, as of Sep 27, 2026–Sep 30, 2026

Price trend · Assessor repeat sales, as of Sep 30, 2026

Housing stock — every home in the area, not only the ones selling or listed · Assessor records, as of Sep 11, 2026

Federal Way, WA community profile

Explore Federal Way homes

Listing data & MLS disclosures

Your local brokerage

Your local brokerage

Federal Way, WA community profile

Federal Way housing market

Homes that sold · County records, as of Sep 21, 2026

Homes on the market · MLS, as of Sep 27, 2026–Sep 30, 2026

Price trend · Assessor repeat sales, as of Sep 30, 2026

Housing stock — every home in the area, not only the ones selling or listed · Assessor records, as of Sep 11, 2026