Is Racine, WI a buyer’s or seller’s market?

Housing Market Conditions



Gauge showing Racine is a seller's market


Difference Since November 2022

Since last year, Racine has remained a Seller's Market.

Key Takeaway

Racine is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Racine, WI

How much do homes in Racine, WI cost?

Median Sold Price



Based on all homes sold in the last 12 months.

Difference Since November 2022


Key Takeaway

Homes in Racine have sold for 5% more than they did a year ago.

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

# BEDSNov 2022Nov 2023CHANGE
1 $114.9K$113.6K
2 $154.5K$166K
3 $190K$204.6K
4 $237K$230K
5+ $368.5K$240K

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

Mount Pleasant

Housing Supply in Racine, WI

How many homes are available in Racine, WI?

Number of Homes For Sale

Oct 2023Nov 2023CHANGE

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

# BEDSOct 2023Nov 2023CHANGE
1 32
2 5564
3 124122
4 4545
5+ 1919

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 2023Nov 2023CHANGE

Asking Price vs. Sold Price

28 Homes Were Sold
Under Asking

12 Homes Were Sold
At Asking

27 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Racine, you may be able to get a good deal. 41.8% of homes here sold below asking price last month.

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.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 8 Days Ago

Newest Listings in Racine, WI

Nearby Markets to Racine, WI

What housing markets are near Racine, WI?