Rainier, OR Home Values & Market Trends
Real estate market trends reflect that there have been 85 transactions over the past year in Rainier. The median value for residential home transactions that occurred over the previous year is $484,790. The number of current listings in Rainier is 124, and the percentage of properties for sale in the city is 124.00%. Rainier, OR currently has 6 properties in foreclosure, 2 bank owned properties, 4 properties headed for auction, and 124 properties for sale.
Rainier, OR Real Estate Market Overview
| Zip | Median Est. Value |
|---|---|
| 97048 | $ 484,790 $ 253/sqft |
Housing Market Summary for Rainier, OR
| Sep 2025 | September 2026 | Change | |
|---|---|---|---|
| Median Listing Price | $495K | $499K | 0.81% |
| Median Sold Price | $414.9K | $443.6K | 6.91% |
| Homes For Sale | 74 | 121 | 63.51% |
| Homes Sold | 46 | 58 | 26.09% |
Price Per Square Foot
On an average, Single Family homes cost $33 more per sqft than Condos. In comparison with sales price/sqft last week, list price/sqft of Single Family homes increased by 1.93% whereas, list price/sqft of Condos increased by 9.38%.
Recently Sold Homes
Explore recent offers and recently sold homes in Rainier, OR
Browse Homes in Rainier, OR
Rainier home values range from $159,900 to $1,105,395. The median estimated value of a home in Rainier is $484,790. The median list price of a home is 499,000, and the total count of properties in the city is 193.
- Pre-ForeclosurePre-foreclosure homes account for 0% of all residential properties in Rainier, OR with $[pre-foreclosures-highest-count-region] containing 0 pre-foreclosures, the highest number of pre-foreclosure properties in a single zip. There is 1 zips within Rainier, OR; of that zips, the estimated home value for pre-foreclosure homes ranges from $0 in N/A to the lowest home value of $0 in $[pre-foreclosures-lowest-avm-region].
- Bank OwnedThe median estimated home value of bank owned homes (REO properties) in Rainier, OR ranges from the highest value of $681,229 in 97048 to the lowest value of $344,751 in 97048. Bank owned homes and properties account for 1.04% of properties in Rainier, OR. There is 1 zips within Rainier, OR; 97048 containing 2 REO properties, has the highest number of bank owned properties in a single zip.
- Auctions97048 has 4 auction properties, the highest number of properties going to auction in a single zip in the state of Rainier, OR. Auction homes and other auction properties account for 2.07% of all properties in Rainier, OR. There is 1 zips within Rainier, OR; of that zips, the median estimated home value for homes going to auction ranges from $449,995 in 97048 to the lowest value of $262,155 in 97048.
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Guide for Rainier, OR
Foreclosure is a term that can sometimes lead to confusion for those looking to make a real estate investment. In simple terms, it refers to the process where a lender takes possession of a property after the owner fails to keep up with their mortgage payments. When it comes to land, this means that buyers […]
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