Is Mount Rainier, MD a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Mount Rainier is a neutral's market

Buyer's
Market

Difference Since November 2021

At the same time last year, Mount Rainier was a Seller's Market.

Key Takeaway

Mount Rainier is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

How much do homes in Mount Rainier, MD cost?

Median Sold Price

$535,000

$284/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2021

+$19,000(+3.7%)

Key Takeaway

Homes in Mount Rainier have sold for 3.7% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSNov 2021Nov 2022%
1 --
N/A
2 $335K-
N/A
3 $482.5K$465K
-3.6%
4 $520K$580K
+11.5%
5+ $655K$707.5K
+8.0%

Median Sold Price Compared To Nearby Cities

Hyattsville
+9.0%
Mount Rainier
+3.7%

How many homes are available in Mount Rainier, MD?

Number of Homes For Sale

Oct 2022Nov 2022%
2520-20.0%

Homes For Sale By Bedroom Count

# BEDSOct 2022Nov 2022%
1 00
0.0%
2 00
0.0%
3 74
-42.9%
4 106
-40.0%
5+ 810
+25.0%

Number of Homes Sold

Oct 2022Nov 2022%
53-40.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Mount Rainier, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.

Average Sale Time

Nov 2021Nov 2022%
27 Days23 Days-14.0%

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Mount Rainier are selling fast, if you're buying plan to act quickly.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

About Mount Rainier, MD

Number of homes for sale in Mount Rainier, MD real estate market have reached 20. The number of listings in Mount Rainier, MD decreased by 20% between October 2022 and November 2022. While the average time on the market in November 2022 was 23 days, the median list price was $535,000. Listing prices have changed in this real estate market between October 2022 and November 2022: prices of 1 bedroom properties increased by 0%, 2 bedrooms properties prices increased by 0%, 3 bedrooms properties prices decreased by 3.6%, prices of 4 bedrooms properties went up by 11.5%, prices of 5 bedrooms properties increased by 8%. Volume of homes for sale changed: 1 bedroom homes inventory did not change, volume of 2 bedrooms homes stayed the same, 3 bedrooms homes became 42.9% less available, number of 4 bedrooms homes decreased by 40%, volume of 5 bedrooms homes went up by 25%. While more than 1 listings in Mount Rainier, MD in November 2022 were sold above asking price, there were more than 0 listings sold at asking price, and more than 2 were sold below.

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