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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Rainier is a neutral's market

Buyer's
Market

Difference Since July 2021

At the same time last year, Rainier was a Seller's Market.

Key Takeaway

Rainier is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

How much do homes in Rainier, WA cost?

Median Sold Price

$450,000

$257/sqft

Based on all homes sold in the last 12 months.

Difference Since July 2021

+$80,000(+21.6%)

Key Takeaway

Homes in Rainier have sold for 21.6% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSJul 2021Jul 2022%
1 --
N/A
2 $265K$352.5K
+33.0%
3 $371.2K$440K
+18.5%
4 $392K$504.5K
+28.7%
5+ --
N/A

Median Sold Price Compared To Nearby Cities

Rainier
+21.6%
Thurston South
+14.8%

How many homes are available in Rainier, WA?

Number of Homes For Sale

Jun 2022Jul 2022%
1419+35.7%

Homes For Sale By Bedroom Count

# BEDSJun 2022Jul 2022%
1 00
0.0%
2 11
0.0%
3 1015
+50.0%
4 33
0.0%
5+ 00
0.0%

Number of Homes Sold

Jun 2022Jul 2022%
23+50.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was 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.

Average Sale Time

Jul 2021Jul 2022%
8 Days21 Days+147.6%

Breakdown of Home Sale Times

2 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 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 Rainier, WA

There are 19 homes are for sale in Rainier, WA real estate market. The number of homes for sale in Rainier, WA increased by 35.7% between June 2022 and July 2022. Listings spent 21 days on the market in July 2022, and had a median list price of $450,000 during the same period. This housing market listing prices have changed between June 2022 and July 2022: 1 bedroom properties became 0% more expensive, 2 bedrooms properties became 33% more expensive, 3 bedrooms properties prices increased by 18.5%, the cost of 4 bedrooms properties went up by 28.7%, prices of 5 bedrooms properties went up by 0%. Housing inventory have changed in this real estate market: number of 1 bedroom homes remained the same, number of 2 bedrooms homes remained the same, volume of 3 bedrooms homes went up by 50%, number of 4 bedrooms homes remained the same, the quantity of 5 bedrooms homes have not changed. While more than 1 listings in Rainier, WA in July 2022 were sold above asking price, there were more than 0 listings sold at asking price, and more than 2 were sold below.

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