Is Racine, WI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Racine has remained a Seller's Market.
Housing Prices in Racine, WI
How much do homes in Racine, WI cost?
Median Sold Price
$201,511
$149/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Racine was $201,511 in April 2024, up 5.6% from last year, and the median price per square foot was $149.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $114.9K | $98K | -14.7% |
2 Bedrooms | $159.5K | $170K | +6.6% |
3 Bedrooms | $194.9K | $209.5K | +7.5% |
4 Bedrooms | $238K | $250.5K | +5.3% |
5+ Bedrooms | $330K | $280K | -15.2% |
Summary: Racine housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 14.7%, 2 bedroom homes increased by 6.6%, 3 bedroom homes increased by 7.5%, 4 bedroom homes increased by 5.3%, and 5+ bedroom homes decreased by 15.2%.
Median Sold Price Compared To Nearby Cities
Mount Pleasant | $269.5K | $289.9K | +7.6% |
Racine | $190.7K | $201.5K | +5.6% |
Wind Point | $377.9K | $373K | -1.3% |
Housing Supply in Racine, WI
How many homes are available in Racine, WI?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
210 | 214 | +1.9% |
Summary: The Racine real estate market had 214 homes for sale in April 2024, a 1.9% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 2 | +100.0% |
2 Bedrooms | 46 | 44 | -4.3% |
3 Bedrooms | 126 | 120 | -4.8% |
4 Bedrooms | 28 | 36 | +28.6% |
5+ Bedrooms | 9 | 12 | +33.3% |
Summary: The Racine housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 4.3%, 3 bedroom homes decreased by 4.8%, 4 bedroom homes increased by 28.6%, and 5+ bedroom homes increased by 33.3%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
88 | 64 | -27.3% |
Asking Price vs. Sold Price
16 Homes Were Sold
Under Asking
9 Homes Were Sold
At Asking
39 Homes Were Sold
Over Asking
Summary: A total of 64 homes were sold or pending in Racine in April 2024, down by 27.3% month-over-month. Of the 64 sold homes, 25% were sold under asking, 14% were sold at asking, and 61% were sold over asking.
Days on Market for Racine, WI
We’re sorry, we don't have information for this market at the moment