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

Housing Market Conditions



Gauge showing Mount Rainier is a seller's market


Difference Since August 2022

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

Key Takeaway

Mount Rainier is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices

How much do homes in Mount Rainier, WA cost?

Median Sold Price



Based on all homes sold in the last 12 months.

Difference Since August 2022


Key Takeaway

Homes in Mount Rainier have sold for 2.6% less than they did a year ago.

Summary: The median home sold price in Mount Rainier was $560,000 in August 2023, down 2.6% from last year, and the median price per square foot was $293.

Median Sold Price By Bedroom Count

# BEDSAug 2022Aug 2023CHANGE
1 $675K$675K
2 $725K$839.9K
3 $500K$487.5K
4 $575K$590K
5+ $1.3M$1.3M

Summary: Mount Rainier housing prices by bedroom type for August 2023 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 15.9%, 3 bedroom homes decreased by 2.5%, 4 bedroom homes increased by 2.6%, and 5+ bedroom homes decreased by 2.2%.

Median Sold Price Compared To Nearby Cities

Enumclaw Plateau
Mount Rainier

Housing Supply

How many homes are available in Mount Rainier, WA?

Number of Homes For Sale

Jul 2023Aug 2023CHANGE

Summary: The Mount Rainier real estate market had 16 homes for sale in August 2023, the same as July 2023.

Homes For Sale By Bedroom Count

# BEDSJul 2023Aug 2023CHANGE
1 01
2 11
3 1312
4 21
5+ 01

Summary: The Mount Rainier housing inventory by bedroom type for August 2023 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes remained the same, 3 bedroom homes decreased by 7.7%, 4 bedroom homes decreased by 50%, and 5+ bedroom homes increased by 100%.

Number of Homes Sold

Jul 2023Aug 2023CHANGE

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

2 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, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.

Summary: A total of 4 homes were sold or pending in Mount Rainier in August 2023, down by 20.0% month-over-month. Of the 4 sold homes, 25% were sold under asking, 50% were sold at asking, and 25% were sold over asking.

Days on Market

How long does it take to sell a home in Mount Rainier, WA?

Average Sale Time

Aug 2022Aug 2023CHANGE
24 Days11 Days-51.5%

Summary: Homes in Mount Rainier had an average of 11 days on market in Aug 2023, down by 51.5% compared to last year.

Breakdown of Home Sale Times

3 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.

Summary: During August 2023, 4 homes were sold in Mount Rainier; 75% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 0% 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 27 Days Ago

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Nearby Markets

What housing markets are near Mount Rainier, WA?