Is Rainier Beach, 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, Rainier Beach has remained a Seller's Market.
Housing Prices in Rainier Beach, WA
How much do homes in Rainier Beach, WA cost?
Median Sold Price
$724,975
$409/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Rainier Beach was $724,975 in April 2024, up 7.1% from last year, and the median price per square foot was $409.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $524.9K | $277.5K | -47.1% |
2 Bedrooms | $537.5K | $612.5K | +14.0% |
3 Bedrooms | $731.5K | $680K | -7.0% |
4 Bedrooms | $700K | $837.5K | +19.6% |
5+ Bedrooms | $812.5K | $837.5K | +3.1% |
Summary: Rainier Beach housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 47.1%, 2 bedroom homes increased by 14%, 3 bedroom homes decreased by 7%, 4 bedroom homes increased by 19.6%, and 5+ bedroom homes increased by 3.1%.
Housing Supply in Rainier Beach, WA
How many homes are available in Rainier Beach, WA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
24 | 24 | 0.0% |
Summary: The Rainier Beach real estate market had 24 homes for sale in April 2024, the same as March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 1 | +100.0% |
2 Bedrooms | 2 | 0 | -100.0% |
3 Bedrooms | 11 | 13 | +18.2% |
4 Bedrooms | 9 | 7 | -22.2% |
5+ Bedrooms | 2 | 3 | +50.0% |
Summary: The Rainier Beach housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 100%, 3 bedroom homes increased by 18.2%, 4 bedroom homes decreased by 22.2%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
9 | 10 | +11.1% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Summary: A total of 10 homes were sold or pending in Rainier Beach in April 2024, up by 11.1% month-over-month. Of the 10 sold homes, 0% were sold under asking, 30% were sold at asking, and 70% were sold over asking.
Days on Market for Rainier Beach, WA
How long does it take to sell a home in Rainier Beach, WA?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
38 Days | 8 Days | -77.2% |
Summary: Homes in Rainier Beach had an average of 8 days on market in Apr 2024, down by 77.2% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During April 2024, 10 homes were sold in Rainier Beach; 80% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.