Is Rainier, OR a buyer’s or seller’s market?

Housing Market Conditions



Gauge showing Rainier is a buyer's market


Difference Since March 2023

Since last year, Rainier has remained a Buyer's Market.

Key Takeaway

Rainier is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Rainier, OR

How much do homes in Rainier, OR cost?

Median Sold Price



Based on all homes sold in the last 12 months.

Difference Since March 2023


Key Takeaway

Homes in Rainier have sold for 10.5% more than they did a year ago.

Summary: The median home sold price in Rainier was $412,950 in March 2024, up 10.5% from last year, and the median price per square foot was $240.

Median Sold Price By Bedroom Count

# BEDSMar 2023Mar 2024CHANGE
1 $130K-
2 $227K$247.5K
3 $380.5K$403.7K
4 $449K$522.5K
5+ $385K$657.4K

Summary: Rainier housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 9%, 3 bedroom homes increased by 6.1%, 4 bedroom homes increased by 16.4%, and 5+ bedroom homes increased by 70.8%.

Median Sold Price Compared To Nearby Cities


Housing Supply in Rainier, OR

How many homes are available in Rainier, OR?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE

Summary: The Rainier real estate market had 36 homes for sale in March 2024, a 2.9% increase compared to February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 00
2 54
3 1821
4 1110
5+ 11

Summary: The Rainier housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 20%, 3 bedroom homes increased by 16.7%, 4 bedroom homes decreased by 9.1%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Feb 2024Mar 2024CHANGE

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

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

Summary: A total of 3 homes were sold or pending in Rainier in March 2024, up by 50.0% month-over-month. Of the 3 sold homes, 67% were sold under asking, 33% were sold at asking, and 0% 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

Mar 2023Mar 2024CHANGE
111 Days74 Days-33.3%

Summary: Homes in Rainier had an average of 74 days on market in Mar 2024, down by 33.3% compared to last year.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During March 2024, 3 homes were sold in Rainier; 33% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.

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

Report Updated 24 Days Ago

Newest Listings in Rainier, OR

Nearby Markets to Rainier, OR

What housing markets are near Rainier, OR?