$4,453 Closing Credit*
$375,000
1,512 SqFt
2 Beds
•1 Full Bath
JAMMIE REEDY, Listing Office: RE/MAX One
Is Mount Rainier, MD a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
Since last year, Mount Rainier has remained a Seller's Market.
Key Takeaway
Mount Rainier is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Mount Rainier, MD
How much do homes in Mount Rainier, MD cost?
Median Sold Price
$530,000
$280/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$34,050(+6.9%)
Key Takeaway
Homes in Mount Rainier have sold for 6.9% more than they did a year ago.
Summary: The median home sold price in Mount Rainier was $530,000 in November 2024, up 6.9% from last year, and the median price per square foot was $280.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $362.5K | $313K | -13.7% |
| 3 Bedrooms | $315K | $500K | +58.7% |
| 4 Bedrooms | $534.6K | $536.1K | 0.3% |
| 5+ Bedrooms | $625K | $611.2K | -2.2% |
Summary: Mount Rainier housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 13.7%, 3 bedroom homes increased by 58.7%, 4 bedroom homes increased by 0.3%, and 5+ bedroom homes decreased by 2.2%.
Median Sold Price Compared To Nearby Cities
| Brentwood | $385K | $427K | +10.9% |
| Mount Rainier | $495.9K | $530K | +6.9% |
| Hyattsville | $390K | $386.2K | -1.0% |
Housing Supply in Mount Rainier, MD
How many homes are available in Mount Rainier, MD?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 18 | 20 | +11.1% |
Summary: The Mount Rainier real estate market had 20 homes for sale in November 2024, a 11.1% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 1 | 1 | 0.0% |
| 3 Bedrooms | 6 | 7 | +16.7% |
| 4 Bedrooms | 6 | 6 | 0.0% |
| 5+ Bedrooms | 5 | 6 | +20.0% |
Summary: The Mount Rainier housing inventory by bedroom type for November 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 16.7%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 20%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 0 | 7 | +100.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Mount Rainier, you may be able to get a good deal. 57.1% of homes here sold below asking price last month.
Summary: A total of 7 homes were sold or pending in Mount Rainier in November 2024, up by 100.0% month-over-month. Of the 7 sold homes, 57% were sold under asking, 0% were sold at asking, and 43% were sold over asking.
Days on Market for Mount Rainier, MD
How long does it take to sell a home in Mount Rainier, MD?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 3 Days | 26 Days | +609.1% |
Summary: Homes in Mount Rainier had an average of 26 days on market in Nov 2024, up by 609.1% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Mount Rainier are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 7 homes were sold in Mount Rainier; 71% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
