Is Racine County, WI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Racine County has remained a Seller's Market.
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
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
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $114.9K | $150K | +30.5% |
2 Bedrooms | $175K | $185K | +5.7% |
3 Bedrooms | $245K | $260.6K | +6.4% |
4 Bedrooms | $351K | $369.9K | +5.4% |
5+ Bedrooms | $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 | $401.1K | $430K | +7.2% |
Racine County | $244.6K | $259.3K | +6.0% |
Walworth County | $330.4K | $350K | +5.9% |
Kenosha County | $261.4K | $275.5K | +5.4% |
Milwaukee County | $235.5K | $245.3K | +4.2% |
Housing Supply in Racine County, WI
How many homes are available in Racine County, WI?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
480 | 500 | +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
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 3 | 2 | -33.3% |
2 Bedrooms | 109 | 104 | -4.6% |
3 Bedrooms | 247 | 249 | +0.8% |
4 Bedrooms | 91 | 113 | +24.2% |
5+ Bedrooms | 30 | 32 | +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 2024 | Mar 2024 | CHANGE |
---|---|---|
140 | 165 | +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
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
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.