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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Racine County is a seller's market

Buyer's
Market

Difference Since March 2023

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

Key Takeaway

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

Housing Prices in Racine County, WI

How much do homes in Racine County, WI cost?

Median Sold Price

$259,346

$165/sqft

Based on all homes sold in the last 12 months.

Difference Since March 2023

+$14,659(+6.0%)

Key Takeaway

Homes in Racine County have sold for 6% more than they did a year ago.

Summary: The median home sold price in Racine County was $259,346 in March 2024, up 6% from last year, and the median price per square foot was $165.

Median Sold Price By Bedroom Count

# BEDSMar 2023Mar 2024CHANGE
1 $114.9K$150K
+30.5%
2 $175K$185K
+5.7%
3 $245K$260.6K
+6.4%
4 $351K$369.9K
+5.4%
5+ $480K$455.5K
-5.1%

Summary: Racine County housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 30.5%, 2 bedroom homes increased by 5.7%, 3 bedroom homes increased by 6.4%, 4 bedroom homes increased by 5.4%, and 5+ bedroom homes decreased by 5.1%.

Median Sold Price Compared To Nearby Counties

Waukesha County
+7.2%
Racine County
+6.0%
Walworth County
+5.9%
Kenosha County
+5.4%
Milwaukee County
+4.2%

Housing Supply in Racine County, WI

How many homes are available in Racine County, WI?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
480500+4.2%

Summary: The Racine County real estate market had 500 homes for sale in March 2024, a 4.2% increase compared to February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 32
-33.3%
2 109104
-4.6%
3 247249
+0.8%
4 91113
+24.2%
5+ 3032
+6.7%

Summary: The Racine County housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 33.3%, 2 bedroom homes decreased by 4.6%, 3 bedroom homes increased by 0.8%, 4 bedroom homes increased by 24.2%, and 5+ bedroom homes increased by 6.7%.

Number of Homes Sold

Feb 2024Mar 2024CHANGE
140165+17.9%

Asking Price vs. Sold Price

55 Homes Were Sold
Under Asking

32 Homes Were Sold
At Asking

78 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Racine County, you could pay more than the asking price. 47.3% of homes here sold above asking price last month.

Summary: A total of 165 homes were sold or pending in Racine County in March 2024, up by 17.9% month-over-month. Of the 165 sold homes, 33% were sold under asking, 19% were sold at asking, and 47% were sold over asking.

Days on Market for Racine County, WI

How long does it take to sell a home in Racine County, WI?

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Racine County are selling fast, if you're buying plan to act quickly.

Summary: During March 2024, 165 homes were sold in Racine County; 1% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 1% of homes were sold over 90 days.

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

Report Updated 19 Days Ago

Newest Listings in Racine County, WI

Nearby Markets to Racine County, WI

What housing markets are near Racine County, WI?