Is Rainier, WA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2022
At the same time last year, Rainier was a Buyer's Market.
Housing Prices in Rainier, WA
How much do homes in Rainier, WA cost?
Median Sold Price
$485,000
$277/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2022
Summary: The median home sold price in Rainier was $485,000 in November 2023, up 7.1% from last year, and the median price per square foot was $277.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Nov 2022 | Nov 2023 | CHANGE |
---|---|---|---|
1 Bedroom | - | $253.5K | N/A |
2 Bedrooms | $352.5K | $301K | -14.6% |
3 Bedrooms | $440K | $509.9K | +15.9% |
4 Bedrooms | $527.5K | $529.9K | 0.5% |
5+ Bedrooms | - | - | N/A |
Summary: Rainier housing prices by bedroom type for November 2023 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 14.6%, 3 bedroom homes increased by 15.9%, 4 bedroom homes increased by 0.5%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
Rainier | $453K | $485K | +7.1% |
Thurston South | $460K | $460K | 0.0% |
Housing Supply in Rainier, WA
How many homes are available in Rainier, WA?
Number of Homes For Sale
Oct 2023 | Nov 2023 | CHANGE |
---|---|---|
33 | 28 | -15.2% |
Summary: The Rainier real estate market had 28 homes for sale in November 2023, a 15.2% decrease compared to October 2023.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Oct 2023 | Nov 2023 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 4 | 6 | +50.0% |
3 Bedrooms | 22 | 16 | -27.3% |
4 Bedrooms | 6 | 5 | -16.7% |
5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Rainier housing inventory by bedroom type for November 2023 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 50%, 3 bedroom homes decreased by 27.3%, 4 bedroom homes decreased by 16.7%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Oct 2023 | Nov 2023 | CHANGE |
---|---|---|
7 | 6 | -14.3% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 6 homes were sold or pending in Rainier in November 2023, down by 14.3% month-over-month. Of the 6 sold homes, 33% were sold under asking, 33% were sold at asking, and 33% were sold over asking.
Days on Market for Rainier, WA
How long does it take to sell a home in Rainier, WA?
Average Sale Time
Nov 2022 | Nov 2023 | CHANGE |
---|---|---|
16 Days | 19 Days | +22.9% |
Summary: Homes in Rainier had an average of 19 days on market in Nov 2023, up by 22.9% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During November 2023, 6 homes were sold in Rainier; 67% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.