Is Mount Rainier, WA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Mount Rainier has remained a Seller's Market.
Housing Prices in Mount Rainier, WA
How much do homes in Mount Rainier, WA cost?
Median Sold Price
$539,500
$298/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Mount Rainier was $539,500 in April 2024, down 1.9% from last year, and the median price per square foot was $298.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $675K | $675K | 0.0% |
2 Bedrooms | $839.9K | $408.5K | -51.4% |
3 Bedrooms | $488K | $539K | +10.5% |
4 Bedrooms | $572.5K | $620K | +8.3% |
5+ Bedrooms | $1.3M | - | N/A |
Summary: Mount Rainier housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 51.4%, 3 bedroom homes increased by 10.5%, 4 bedroom homes increased by 8.3%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
Enumclaw Plateau | $707K | $709.1K | 0.3% |
Mount Rainier | $550K | $539.5K | -1.9% |
Housing Supply in Mount Rainier, WA
How many homes are available in Mount Rainier, WA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
8 | 10 | +25.0% |
Summary: The Mount Rainier real estate market had 10 homes for sale in April 2024, a 25.0% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 1 | 2 | +100.0% |
3 Bedrooms | 5 | 6 | +20.0% |
4 Bedrooms | 1 | 1 | 0.0% |
5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Mount Rainier housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 100%, 3 bedroom homes increased by 20%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
2 | 2 | 0.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 2 homes were sold or pending in Mount Rainier in April 2024, the same as the previous month. Of the 2 sold homes, 0% were sold under asking, 50% were sold at asking, and 50% were sold over asking.
Days on Market for Mount Rainier, WA
How long does it take to sell a home in Mount Rainier, WA?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
7 Days | 17 Days | +150.0% |
Summary: Homes in Mount Rainier had an average of 17 days on market in Apr 2024, up by 150% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During April 2024, 2 homes were sold in Mount Rainier; 50% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.