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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Racine is a seller's market

Buyer's
Market

Difference Since Last Month

Since last month, 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.

How much do homes in Racine, WI cost?

Median Sold Price

$163,250

$129/sqft

Based on all homes sold in April 2022.

Difference Since Last Month

-$1,750(-1.1%)

Key Takeaway

Homes in Racine have sold for 1.1% less than they did a month ago.

Median Sold Price By Bedroom Count

# BEDSMar 2022Apr 2022%
1 -$115K
N/A
2 $144.9K$146K
+0.7%
3 $167K$176.5K
+5.7%
4 $215K$180K
-16.3%
5+ $649.5K$377.5K
-41.9%

How many homes are available in Racine, WI?

Number of Homes For Sale

Mar 2022Apr 2022%
221256+15.8%

Homes For Sale By Bedroom Count

# BEDSMar 2022Apr 2022%
1 25
+150.0%
2 5051
+2.0%
3 130155
+19.2%
4 2831
+10.7%
5+ 1114
+27.3%

Number of Homes Sold

Mar 2022Apr 2022%
8378-6.0%

Asking Price vs. Sold Price

15 Homes Were Sold
Under Asking

9 Homes Were Sold
At Asking

54 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Racine, you could pay more than the asking price. 69.2% of homes here sold above asking price last month.

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

About Racine, WI

Homes for sale in Racine, WI have reached 256. The number of homes for sale in Racine, WI increased by 15.8% between March 2022 and April 2022. This housing market listing prices have changed between April 2021 and April 2022: prices of 1 bedroom properties increased by 0%, 2 bedrooms properties prices increased by 0.7%, the cost of 3 bedrooms properties went up by 5.7%, prices of 4 bedrooms properties decreased by 16.3%, prices of 5 bedrooms properties went down by 41.9%. This housing market inventory have changed: 1 bedroom homes inventory increased by 150%, the quantity of 2 bedrooms homes went up by 2%, 3 bedrooms homes became 19.2% more available, 4 bedrooms homes became 10.7% more available, number of 5 bedrooms homes increased by 27.3%. While more than 54 listings in Racine, WI in April 2022 were sold above asking price, there were more than 9 listings sold at asking price, and more than 15 were sold below.

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