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.

1102 Romayne, Racine, WI 53402

1102 Romayne, Racine, WI 53402

$159,900
1,548 SqFt 
~$700/mo.*0 Baths
#1793686Listing Office:
Preferred Realty, LLCMLS logo
3309 Chatham St, Racine, WI 53402

3309 Chatham St, Racine, WI 53402

$269,900
1,741 SqFt
4 Bedrooms
~$1,200/mo.*2 Full Baths
#1793631Listing Office:
Berkshire Hathaway Home Services Epic Real EstateMLS logo
2547 Pinehurst Ave, Racine, WI 53403

2547 Pinehurst Ave, Racine, WI 53403

$225,000
1,466 SqFt
3 Bedrooms
~$1,000/mo.*1 Full Bath
#1793626Listing Office:
Coldwell Banker Realty -Racine/Kenosha OfficeMLS logo
625 Grove Ave, Racine, WI 53405

625 Grove Ave, Racine, WI 53405

$187,500
1,282 SqFt
3 Bedrooms
~$850/mo.*2 Full Baths
#1793615Listing Office:
Sorenson Realty Associates, LLCMLS logo
1505 College Ave, Racine, WI 53403

1505 College Ave, Racine, WI 53403

$260,000
2,159 SqFt
4 Bedrooms
~$1,150/mo.*2 Full Baths, 1 Partial
#1793602Listing Office:
RE/MAX Newport EliteMLS logo
3620 Kinzie Ave, Racine, WI 53405

3620 Kinzie Ave, Racine, WI 53405

$174,900
1,996 SqFt
5 Bedrooms
~$800/mo.*2 Full Baths
#1793554Listing Office:
Sun Realty GroupMLS logo
901 Center St, Racine, WI 53403

901 Center St, Racine, WI 53403

$99,000
1,500 SqFt 
~$450/mo.*0 Baths
#1793449Listing Office:
EXP Realty, LLC MilwMLS logo
2423 Taylor Ave, Racine, WI 53403

2423 Taylor Ave, Racine, WI 53403

$189,900
1,747 SqFt
3 Bedrooms
~$850/mo.*2 Full Baths
#1793287Listing Office:
RE/MAX Premier PropertiesMLS logo
1501 Owen Ave, Racine, WI 53403

1501 Owen Ave, Racine, WI 53403

$185,000
1,844 SqFt
4 Bedrooms
~$850/mo.*2 Full Baths
#1793276Listing Office:
Coldwell Banker Realty -Racine/Kenosha OfficeMLS logo
1801 Taylor Ave, Racine, WI 53403

1801 Taylor Ave, Racine, WI 53403

$99,900
2,020 SqFt 
~$450/mo.*0 Baths
#1793172Listing Office:
First Weber Inc- RacineMLS logo
1112 Howard St, Racine, WI 53404

1112 Howard St, Racine, WI 53404

$170,000
1,524 SqFt
4 Bedrooms
~$750/mo.*2 Full Baths
#1793144Listing Office:
ACTS CDCMLS logo
333 Lake Ave Unit 805, Racine, WI 53403

333 Lake Ave Unit 805, Racine, WI 53403

$474,900
2,720 SqFt
3 Bedrooms
~$2,150/mo.*3 Full Baths, 2 Partial
#1793071Listing Office:
Milwaukee Area Real Estate Specialists, LLCMLS logo

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.

MLS Disclaimers and Copyright

Based on information from Wisconsin Real Estate Exchange, and Midwest Real Estate Data for the period 03/01/2022 - 05/01/2022

© 2022 WIREX - All Rights Reserved.

Information is supplied by seller and other third parties and has not been verified.

IDX information is provided exclusively for consumers’ personal, non-commercial use and that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 5/22/2022, 9:20:38 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

IDX Copyright © 2022 Midwest Real Estate Data LLC (MRED). All rights reserved.

The data relating to real estate for sale on this website comes in part from the Broker Reciprocity program of Midwest Real Estate Data LLC. Real Estate listings held by brokerage firms other than the broker/agent who owns the website are marked with the MRED Broker Reciprocity logo or the Broker Reciprocity thumbnail logo (the MRED logo) and detailed information about them includes the names of the listing brokers.

All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED supplied Open House information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. IDX information is provided exclusively for consumers’ personal non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed by MTP or MRED. The use of the MRED Data may be subject to an end user license agreement prescribed by the Member Participant’s applicable MLS if any and as amended from time to time.

Some properties which appear for sale on this website may subsequently have sold and may no longer be available. Information Deemed Reliable but Not Guaranteed. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available. The accuracy of all information, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

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Copyright © 2022 Midwest Real Estate Data LLC (MRED). All rights reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 5/22/2022, 9:15:31 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

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