ZIP 98003 Housing Market & Real Estate Update — February 23, 2026
98003 – February 23, 2026 – Federal Way-area market: Jan median sold $560K (Redfin), DOM ~45 days, and listings active across condos to new builds.
ZIP 98003 (Federal Way, WA) is showing a familiar late-winter pattern: prices are holding up year over year, but homes are taking longer to go pending and buyers are staying picky on condition and pricing.
Top takeaways
- Redfin shows the January 2026 median sold price at $560K in 98003, up 3.7% year over year.
- Time-to-sell has stretched: Redfin reports 45 median days on market (vs. 24 days a year ago).
- Realtor.com currently shows about 128 homes for sale in 98003, with a median listing price around $405K (trackers can differ by mix of condos vs. single-family).
- Rentals look steady-to-soft: Realtor.com’s ZIP-level data shows a median rent around $1.8K.
Market snapshot (latest published monthly data)
On the sales side, Redfin’s ZIP 98003 tracker (January 2026) points to a competitive market, with homes receiving multiple offers on average and a median sold price of $560,000. At the same time, the pace is slower than last year: the median days on market increased to 45 days, and Redfin shows 76 homes sold in January.
On the active-listing side, Realtor.com’s 98003 portal view is currently showing triple-digit active inventory (around 128 listings) and a median list price in the low $400Ks. The gap between sold-price and list-price medians is a good reminder to compare like-for-like (condos vs. detached) and to watch for price cuts on listings that have been sitting.
What’s for sale nearby (no addresses)
Today’s big portals show a wide mix: condos and manufactured homes at the lower end, plus larger single-family homes and a handful of new-construction options. Zillow’s 98003 feed also shows some listings with recent price cuts and frequent open-house scheduling, which can be a sign that sellers are testing the market and adjusting quickly.
Prep checklist (useful in a slower DOM environment)
If you’re getting a home ready to list (or evaluating one to buy), the fastest friction reducers tend to be: a pre-listing inspection, roof and gutter fixes, HVAC servicing, minor plumbing leaks, fresh interior paint, and safety items like GFCI/outlet issues. When timelines are longer, buyers often scrutinize deferred maintenance more closely.
Sources
- https://www.redfin.com/zipcode/98003/housing-market
- https://www.realtor.com/realestateandhomes-search/98003
- https://www.realtor.com/local/market/washington/zipcode-98003
- https://www.zillow.com/federal-way-wa-98003/
What are you seeing right now in 98003: more price cuts, more competition, or buyers waiting on rates?