2925 S 373rd Place, Federal Way
Listing courtesy of John L. Scott, Inc..
(888) 245-1306
Real Estate Company
The 98003 zip code, encompassing parts of Federal Way, Washington, has seen significant developments in its real estate market over the past few years. This area combines suburban comfort with urban proximity, making it an attractive choice for families, young professionals, and retirees alike. The real estate landscape in this region offers a variety of options ranging from single-family homes to townhouses and condos, catering to diverse preferences and budgets.
As of recent data, the housing trends in 98003 indicate a steady increase in property values, driven by demand and limited inventory. Many buyers are attracted to the area due to its highly rated schools and extensive parks. This has resulted in competitive bidding situations, with homes often selling above their asking prices. Additionally, the recent influx of tech companies and job opportunities in the Seattle metropolitan area has boosted the appeal of Federal Way and its surroundings.
The 98003 area offers a diverse range of residential properties. Buyers can find charming mid-century homes, contemporary builds, and more spacious properties on larger lots. The area’s community-centric developments often feature amenities such as swimming pools, fitness centers, and walking trails, making them ideal for families and active individuals. Furthermore, the availability of townhomes and condominiums provides appealing alternatives for those looking to downsize or seeking lower-maintenance living.
Investing in real estate in the 98003 region can be a lucrative endeavor. The consistent appreciation in property values has attracted both local and out-of-state investors seeking to capitalize on the growing market. Rental properties are in demand due to the area's population growth, making it an opportune time for individuals looking to enter the rental market. Moreover, with commercial developments on the rise, potential investors can also explore mixed-use properties.
Despite its attractive features, the 98003 real estate market is not without challenges. Affordability remains a significant concern, particularly for first-time homebuyers navigating a competitive market. Additionally, the limited inventory can pose difficulties for buyers looking for specific property types or features. As interest rates fluctuate, there may be further impacts on buyer confidence and purchasing power, making it essential for prospective buyers to stay informed and prepared.
Our website features the best 98003 real estate search for homes available. It is the only site you will ever need for 98003 homes for sale! It is easy-to-use and updated by the official REALTOR®’s database every 15 minutes.
You can save searches, and get daily email alerts of new listings, price changes, sold data, and market reports. Our Interactive Map Search allows you to view properties on a map or refine your search by drawing the boundaries around the area you desire.