Is Rainier, OR a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since June 2023
Since last year, Rainier has remained a Seller's Market.
Key Takeaway
Rainier is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Rainier, OR
How much do homes in Rainier, OR cost?
Median Sold Price
$439,500
$240/sqft
Based on all homes sold in the last 12 months.
Difference Since June 2023
Key Takeaway
Homes in Rainier have sold for 17.6% more than they did a year ago.
Summary: The median home sold price in Rainier was $439,500 in June 2024, up 17.6% from last year, and the median price per square foot was $240.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Jun 2023 | Jun 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $130K | - | N/A |
| 2 Bedrooms | $233K | $282.5K | +21.2% |
| 3 Bedrooms | $390K | $460K | +17.9% |
| 4 Bedrooms | $419K | $510K | +21.7% |
| 5+ Bedrooms | $392.5K | $699.9K | +78.3% |
Summary: Rainier housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 21.2%, 3 bedroom homes increased by 17.9%, 4 bedroom homes increased by 21.7%, and 5+ bedroom homes increased by 78.3%.
Median Sold Price Compared To Nearby Cities
| Rainier | $373.7K | $439.5K | +17.6% |
| Longview-Kelso | $352.6K | $365K | +3.5% |
Housing Supply in Rainier, OR
How many homes are available in Rainier, OR?
Number of Homes For Sale
| May 2024 | Jun 2024 | CHANGE |
|---|---|---|
| 22 | 24 | +9.1% |
Summary: The Rainier real estate market had 24 homes for sale in June 2024, a 9.1% increase compared to May 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 1 | +100.0% |
| 2 Bedrooms | 2 | 2 | 0.0% |
| 3 Bedrooms | 13 | 13 | 0.0% |
| 4 Bedrooms | 6 | 7 | +16.7% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Rainier housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes remained the same, 3 bedroom homes remained the same, 4 bedroom homes increased by 16.7%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| May 2024 | Jun 2024 | CHANGE |
|---|---|---|
| 4 | 9 | +125.0% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Rainier, you may be able to get a good deal. 55.6% of homes here sold below asking price last month.
Summary: A total of 9 homes were sold or pending in Rainier in June 2024, up by 125.0% month-over-month. Of the 9 sold homes, 56% were sold under asking, 11% were sold at asking, and 33% were sold over asking.
Days on Market for Rainier, OR
How long does it take to sell a home in Rainier, OR?
Average Sale Time
| Jun 2023 | Jun 2024 | CHANGE |
|---|---|---|
| 24 Days | 80 Days | +228.3% |
Summary: Homes in Rainier had an average of 80 days on market in Jun 2024, up by 228.3% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Rainier has remained consistent over time.
Summary: During June 2024, 9 homes were sold in Rainier; 22% of homes were sold within 30 days, 56% of homes were sold within 30 to 90 days, and 22% of homes were sold over 90 days.
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