Is Mount Rainier, WA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Mount Rainier has remained a Seller's Market.
Housing Prices in Mount Rainier, WA
How much do homes in Mount Rainier, WA cost?
Median Sold Price
$540,000
$309/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Mount Rainier was $540,000 in May 2024, down 2.7% from last year, and the median price per square foot was $309.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $675K | $675K | 0.0% |
2 Bedrooms | $815.4K | $487K | -40.3% |
3 Bedrooms | $487K | $540K | +10.9% |
4 Bedrooms | $580K | $602.4K | +3.9% |
5+ Bedrooms | $1.3M | - | N/A |
Summary: Mount Rainier housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 40.3%, 3 bedroom homes increased by 10.9%, 4 bedroom homes increased by 3.9%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
Wilkeson | $389.5K | $505K | +29.7% |
Enumclaw Plateau | $699.5K | $708.3K | +1.3% |
Mount Rainier | $554.9K | $540K | -2.7% |
Housing Supply in Mount Rainier, WA
How many homes are available in Mount Rainier, WA?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
9 | 16 | +77.8% |
Summary: The Mount Rainier real estate market had 16 homes for sale in May 2024, a 77.8% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 2 | 2 | 0.0% |
3 Bedrooms | 5 | 8 | +60.0% |
4 Bedrooms | 1 | 5 | +400.0% |
5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Mount Rainier housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 60%, 4 bedroom homes increased by 400%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
2 | 4 | +100.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 4 homes were sold or pending in Mount Rainier in May 2024, up by 100.0% month-over-month. Of the 4 sold homes, 50% were sold under asking, 25% were sold at asking, and 25% were sold over asking.
Days on Market for Mount Rainier, WA
How long does it take to sell a home in Mount Rainier, WA?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
56 Days | 31 Days | -43.8% |
Summary: Homes in Mount Rainier had an average of 31 days on market in May 2024, down by 43.8% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During May 2024, 4 homes were sold in Mount Rainier; 75% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.