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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Mount Rainier is a seller's market

Buyer's
Market

Difference Since September 2021

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.

How much do homes in Mount Rainier, WA cost?

Median Sold Price

$577,750

$291/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2021

+$70,250(+13.8%)

Key Takeaway

Homes in Mount Rainier have sold for 13.8% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSSep 2021Sep 2022%
1 -$675K
N/A
2 $605K$758K
+25.3%
3 $466.2K$500K
+7.2%
4 $510K$575K
+12.7%
5+ $945.3K$1.3M
+41.2%

Median Sold Price Compared To Nearby Cities

Enumclaw Plateau
+23.2%
Mount Rainier
+13.8%

How many homes are available in Mount Rainier, WA?

Number of Homes For Sale

Aug 2022Sep 2022%
2328+21.7%

Homes For Sale By Bedroom Count

# BEDSAug 2022Sep 2022%
1 01
+100.0%
2 22
0.0%
3 1113
+18.2%
4 911
+22.2%
5+ 11
0.0%

Number of Homes Sold

Aug 2022Sep 2022%
410+150.0%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

4 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Mount Rainier, you could pay more than the asking price. 40% of homes here sold above asking price last month.

Average Sale Time

Sep 2021Sep 2022%
12 Days16 Days+27.1%

Breakdown of Home Sale Times

9 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

1 Home Was 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.

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

About Mount Rainier, WA

Number of homes for sale in Mount Rainier, WA real estate market have reached 28. In September 2022 in Mount Rainier, WA there were 21.7% more homes for sale than in August 2022. In September 2022, listings were on the market for 16 days. During the same period, the median list price in this real estate market was $577,750. This housing market listing prices have changed between August 2022 and September 2022: the cost of 1 bedroom properties went up by 0%, prices of 2 bedrooms properties went up by 25.3%, 3 bedrooms properties became 7.2% more expensive, prices of 4 bedrooms properties increased by 12.7%, prices of 5 bedrooms properties went up by 41.2%. This housing market inventory have changed: number of 1 bedroom homes increased by 100%, the quantity of 2 bedrooms homes have not changed, number of 3 bedrooms homes increased by 18.2%, number of 4 bedrooms homes increased by 22.2%, 5 bedrooms homes did not move. Over 4 listings were sold over their listed price in September 2022 in Mount Rainier, WA. In the same period over 3 listings were sold below the listed price and 3 listings were sold for the listed price.

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