Is Racine, WI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2022
Since last year, Racine has remained a Seller's Market.
Housing Prices in Racine, WI
How much do homes in Racine, WI cost?
Median Sold Price
$199,024
$143/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2022
Summary: The median home sold price in Racine was $199,024 in November 2023, up 5% from last year, and the median price per square foot was $143.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Nov 2022 | Nov 2023 | CHANGE |
---|---|---|---|
1 Bedroom | $114.9K | $113.6K | -1.1% |
2 Bedrooms | $154.5K | $166K | +7.4% |
3 Bedrooms | $190K | $204.6K | +7.7% |
4 Bedrooms | $237K | $230K | -3.0% |
5+ Bedrooms | $368.5K | $240K | -34.9% |
Summary: Racine housing prices by bedroom type for November 2023 compared to the previous year: The home price of 1 bedroom homes decreased by 1.1%, 2 bedroom homes increased by 7.4%, 3 bedroom homes increased by 7.7%, 4 bedroom homes decreased by 3%, and 5+ bedroom homes decreased by 34.9%.
Median Sold Price Compared To Nearby Cities
Racine | $189.5K | $199K | +5.0% |
Mount Pleasant | $274K | $266.5K | -2.7% |
Housing Supply in Racine, WI
How many homes are available in Racine, WI?
Number of Homes For Sale
Oct 2023 | Nov 2023 | CHANGE |
---|---|---|
246 | 252 | +2.4% |
Summary: The Racine real estate market had 252 homes for sale in November 2023, a 2.4% increase compared to October 2023.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Oct 2023 | Nov 2023 | CHANGE |
---|---|---|---|
1 Bedroom | 3 | 2 | -33.3% |
2 Bedrooms | 55 | 64 | +16.4% |
3 Bedrooms | 124 | 122 | -1.6% |
4 Bedrooms | 45 | 45 | 0.0% |
5+ Bedrooms | 19 | 19 | 0.0% |
Summary: The Racine housing inventory by bedroom type for November 2023 compared to the previous month: The inventory of 1 bedroom homes decreased by 33.3%, 2 bedroom homes increased by 16.4%, 3 bedroom homes decreased by 1.6%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
Oct 2023 | Nov 2023 | CHANGE |
---|---|---|
67 | 67 | 0.0% |
Asking Price vs. Sold Price
28 Homes Were Sold
Under Asking
12 Homes Were Sold
At Asking
27 Homes Were Sold
Over Asking
Summary: A total of 67 homes were sold or pending in Racine in November 2023, the same as the previous month. Of the 67 sold homes, 42% were sold under asking, 18% were sold at asking, and 40% were sold over asking.