Redfin, a real estate brokerage firm, recently reported that Federal Way home prices jumped 13.6 percent in February compared to prices in February 2014. The median home price was $253,200, with single family homes at $275,000 and $107,950 for condos and town homes.
Federal Way’s housing sales were up by 36.5 percent in February compared to February 2014. A total of 86 homes were sold and spent a median 51 days on the market, the Redfin data shows. The number of new listings was down by 9.5 percent from a year ago.
Redfin’s data is from their Real-Time Housing Market Tracker, which reports local home prices, sales volume and inventory. The numbers only reflect transactions on the Multiple Listing Service, a local or regional database of available real estate for sale by member brokers.
All of the data can be found at their research center at www.redfin.com/research/reports.