Is 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, Rainier has remained a Seller's Market.
Housing Prices in Rainier, WA
How much do homes in Rainier, WA cost?
Median Sold Price
$478,500
$278/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Rainier was $478,500 in April 2024, up 5.2% from last year, and the median price per square foot was $278.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $312K | $301K | -3.5% |
2 Bedrooms | $347.2K | $387K | +11.4% |
3 Bedrooms | $450K | $495.9K | +10.2% |
4 Bedrooms | $560K | $530K | -5.4% |
5+ Bedrooms | - | - | N/A |
Summary: Rainier housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 3.5%, 2 bedroom homes increased by 11.4%, 3 bedroom homes increased by 10.2%, 4 bedroom homes decreased by 5.4%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
Rainier | $455K | $478.5K | +5.2% |
Thurston South | $457.2K | $459.7K | 0.5% |
Housing Supply in Rainier, WA
How many homes are available in Rainier, WA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
22 | 20 | -9.1% |
Summary: The Rainier real estate market had 20 homes for sale in April 2024, a 9.1% decrease 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 | 3 | +200.0% |
3 Bedrooms | 18 | 16 | -11.1% |
4 Bedrooms | 3 | 1 | -66.7% |
5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The 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 200%, 3 bedroom homes decreased by 11.1%, 4 bedroom homes decreased by 66.7%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
8 | 5 | -37.5% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 5 homes were sold or pending in Rainier in April 2024, down by 37.5% month-over-month. Of the 5 sold homes, 20% were sold under asking, 20% were sold at asking, and 60% 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
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
29 Days | 35 Days | +21.4% |
Summary: Homes in Rainier had an average of 35 days on market in Apr 2024, up by 21.4% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During April 2024, 5 homes were sold in Rainier; 60% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.