Is Mount Rainier, MD a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Mount Rainier has remained a Seller's Market.
Housing Prices in Mount Rainier, MD
How much do homes in Mount Rainier, MD cost?
Median Sold Price
$527,500
$307/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Mount Rainier was $527,500 in April 2024, up 4.1% from last year, and the median price per square foot was $307.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $362.5K | $349.5K | -3.6% |
3 Bedrooms | $400K | $433.2K | +8.3% |
4 Bedrooms | $544.2K | $530K | -2.6% |
5+ Bedrooms | $532.5K | $617.5K | +16.0% |
Summary: Mount Rainier housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 3.6%, 3 bedroom homes increased by 8.3%, 4 bedroom homes decreased by 2.6%, and 5+ bedroom homes increased by 16%.
Median Sold Price Compared To Nearby Cities
Mount Rainier | $506.5K | $527.5K | +4.1% |
Hyattsville | $380K | $390K | +2.6% |
Housing Supply in Mount Rainier, MD
How many homes are available in Mount Rainier, MD?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
15 | 13 | -13.3% |
Summary: The Mount Rainier real estate market had 13 homes for sale in April 2024, a 13.3% decrease compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 1 | 0 | -100.0% |
3 Bedrooms | 4 | 4 | 0.0% |
4 Bedrooms | 7 | 4 | -42.9% |
5+ Bedrooms | 3 | 5 | +66.7% |
Summary: The Mount Rainier housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 100%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 42.9%, and 5+ bedroom homes increased by 66.7%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
6 | 3 | -50.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 3 homes were sold or pending in Mount Rainier in April 2024, down by 50.0% month-over-month. Of the 3 sold homes, 33% were sold under asking, 33% were sold at asking, and 33% were sold over asking.
Days on Market for Mount Rainier, MD
How long does it take to sell a home in Mount Rainier, MD?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
10 Days | 4 Days | -60.0% |
Summary: Homes in Mount Rainier had an average of 4 days on market in Apr 2024, down by 60% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During April 2024, 3 homes were sold in Mount Rainier; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.