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 April 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

$260,990

$167/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2023

+$16,023(+6.5%)

Key Takeaway

Homes in Racine County have sold for 6.5% more than they did a year ago.

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

# BEDSApr 2023Apr 2024CHANGE
1 $110.9K$147.5K
+32.9%
2 $174.1K$188.9K
+8.5%
3 $243.7K$265.2K
+8.8%
4 $350K$369K
+5.4%
5+ $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
+8.4%
Waukesha County
+6.6%
Racine County
+6.5%
Kenosha County
+5.7%
Milwaukee County
+4.8%

Housing Supply in Racine County, WI

How many homes are available in Racine County, WI?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
495537+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

# BEDSMar 2024Apr 2024CHANGE
1 35
+66.7%
2 99105
+6.1%
3 249269
+8.0%
4 111123
+10.8%
5+ 3335
+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 2024Apr 2024CHANGE
176140-20.5%

Asking Price vs. Sold Price

47 Homes Were Sold
Under Asking

23 Homes Were Sold
At Asking

70 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Racine County, you could pay more than the asking price. 50% of homes here sold above asking price last month.

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 2023Apr 2024CHANGE
4 Days35 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

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Racine County has remained consistent over time.

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.

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

Report Updated 3 Days Ago

Newest Listings in Racine County, WI

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