Is Rainier, OR a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Rainier has remained a Buyer's Market.
Housing Prices in Rainier, OR
How much do homes in Rainier, OR cost?
Median Sold Price
$412,950
$240/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
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
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $130K | - | N/A |
2 Bedrooms | $227K | $247.5K | +9.0% |
3 Bedrooms | $380.5K | $403.7K | +6.1% |
4 Bedrooms | $449K | $522.5K | +16.4% |
5+ Bedrooms | $385K | $657.4K | +70.8% |
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
Rainier | $373.7K | $412.9K | +10.5% |
Longview-Kelso | $355K | $360K | +1.4% |
Housing Supply in Rainier, OR
How many homes are available in Rainier, OR?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
35 | 36 | +2.9% |
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
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 5 | 4 | -20.0% |
3 Bedrooms | 18 | 21 | +16.7% |
4 Bedrooms | 11 | 10 | -9.1% |
5+ Bedrooms | 1 | 1 | 0.0% |
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 2024 | Mar 2024 | CHANGE |
---|---|---|
2 | 3 | +50.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
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 2023 | Mar 2024 | CHANGE |
---|---|---|
111 Days | 74 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
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.