Federal Way home prices, sales increase in March

Published 9:53 am Wednesday, May 13, 2015

Redfin recently published its March housing market tracker, showing a 3.4 percent bump in Federal Way home prices and a 7 percent increase in home sales year over year.

In addition, 25.6 percent of homes sold were bought by buyers who paid in all cash.

Here is a snapshot of the numbers in Federal Way compared to the same time last year:

• The median price for all homes was $248,225.

• The median price was $261,250 for single family homes and $102,500 for condos and townhomes.

• 92 homes sold in the city.

• Homes spent a median of 33 days on the market.

Redfin’s data is from March only and reflects an unvarnished, timely snapshot of the market. For more information, visit www.redfin.com.