Is Racine County, 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 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
$260,990
$167/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Racine County was $260,990 in April 2024, up 6.5% from last year, and the median price per square foot was $167.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $110.9K | $147.5K | +32.9% |
2 Bedrooms | $174.1K | $188.9K | +8.5% |
3 Bedrooms | $243.7K | $265.2K | +8.8% |
4 Bedrooms | $350K | $369K | +5.4% |
5+ Bedrooms | $469.9K | $456.7K | -2.8% |
Summary: Racine County housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 32.9%, 2 bedroom homes increased by 8.5%, 3 bedroom homes increased by 8.8%, 4 bedroom homes increased by 5.4%, and 5+ bedroom homes decreased by 2.8%.
Median Sold Price Compared To Nearby Counties
Walworth County | $330.3K | $358K | +8.4% |
Waukesha County | $403.7K | $430.2K | +6.6% |
Racine County | $244.9K | $260.9K | +6.5% |
Kenosha County | $260K | $275K | +5.7% |
Milwaukee County | $235.7K | $247.1K | +4.8% |
Housing Supply in Racine County, WI
How many homes are available in Racine County, WI?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
495 | 537 | +8.5% |
Summary: The Racine County real estate market had 537 homes for sale in April 2024, a 8.5% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 3 | 5 | +66.7% |
2 Bedrooms | 99 | 105 | +6.1% |
3 Bedrooms | 249 | 269 | +8.0% |
4 Bedrooms | 111 | 123 | +10.8% |
5+ Bedrooms | 33 | 35 | +6.1% |
Summary: The Racine County housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 66.7%, 2 bedroom homes increased by 6.1%, 3 bedroom homes increased by 8%, 4 bedroom homes increased by 10.8%, and 5+ bedroom homes increased by 6.1%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
176 | 140 | -20.5% |
Asking Price vs. Sold Price
47 Homes Were Sold
Under Asking
23 Homes Were Sold
At Asking
70 Homes Were Sold
Over Asking
Summary: A total of 140 homes were sold or pending in Racine County in April 2024, down by 20.5% month-over-month. Of the 140 sold homes, 34% were sold under asking, 16% were sold at asking, and 50% were sold over asking.
Days on Market for Racine County, WI
How long does it take to sell a home in Racine County, WI?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
4 Days | 35 Days | +775.0% |
Summary: Homes in Racine County had an average of 35 days on market in Apr 2024, up by 775% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During April 2024, 140 homes were sold in Racine County; 0% of homes were sold within 30 days, 1% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.