The Rainier Valley housing market is very competitive. Homes in Rainier Valley receive 2 offers on average and sell in around 13 days. The median sale price of a home in Rainier Valley was $766K last month, up 7.9% since last year. The median sale price per square foot in Rainier Valley is $507, up 4.9% since last year.
What is the housing market like in Rainier Valley today?
In March 2024, Rainier Valley home prices were up 7.9% compared to last year, selling for a median price of $766K. On average, homes in Rainier Valley sell after 13 days on the market compared to 30 days last year. There were 133 homes sold in March this year, up from 91 last year.
All Home Types
Median Sale PriceAll Home Types
Median Sale Price
(All Home Types)
$766,000
+7.9% YoY | Mar 2024
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
Mar 2024
Growth
% YoY
Rainier Valley, WA
$766,000
+7.9%
United States
To compare other locations to the Rainier Valley and U.S. housing market, enter a city, neighborhood, state, or zip code into the search bar. Learn which home features in Seattle add value to a home.
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How hot is the Rainier Valley housing market?
Rainier Valley is very competitive. Homes sell in 7 days.
0
100
83
Very Competitive
Redfin Compete Score™
The Redfin Compete Score rates how competitive an area is on a scale of 0 to 100, where 100 is the most competitive.
Calculated over the last 3 months
Many homes get multiple offers, some with waived contingencies.
The average homes sell for about 2% above list price and go pending in around 7 days.
Hot homes
can sell for about 3% above list price and go pending in around 4 days.
This area's enrollment policy is not based solely on geography. Please check the school district website for more information.
GreatSchools Rating
7/10
Wing Luke Elementary School
Public • K-5
331
Students
N/A
6/10
Graham Hill Elementary School
Public • PreK-5
322
Students
6 reviews
6/10
Hawthorne Elementary School
Public • PreK-5
403
Students
15 reviews
6/10
Dearborn Park Elementary School
Public • PreK-5
343
Students
4 reviews
5/10
Rainier View
Public • PreK-5
240
Students
2 reviews
Only showing 5 of
14 elementary schools.
School data provided by GreatSchools. School service boundaries are intended to be used as reference only. To verify enrollment eligibility for a property, contact the school directly.
Climate's impact on Rainier Valley housing
Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that
could impact homes in Rainier Valley.
Risk Factor
Flood Factor - Moderate
9% of properties are at risk of severe flooding over the next 30 years
Flood Factor
Rainier Valley has a moderate risk of flooding. 1,058 properties in Rainier Valley are likely to be
severely affected
by flooding over the next 30 years. This represents 9% of all properties in Rainier Valley. Flood risk is increasing slower than the national average.
<1% of properties are at risk of wildfire over the next 30 years
Fire Factor
Rainier Valley has a minor risk of wildfire. There are 51 properties in Rainier Valley that have some risk of being affected by wildfire over the next 30 years. This represents <1% of all properties in Rainier Valley.
Rainier Valley has minimal risk of severe winds over the next 30 years
Wind Factor
Rainier Valley has a Minimal Wind Factor®, which means there is a very low likelihood that hurricane, tornado or severe storm winds will impact this area.