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 November 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

$284,839

$176/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$34,839(+13.9%)

Key Takeaway

Homes in Racine County have sold for 13.9% more than they did a year ago.

Summary: The median home sold price in Racine County was $284,839 in November 2024, up 13.9% from last year, and the median price per square foot was $176.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $136K$150K
+10.3%
2 $181.6K$195K
+7.3%
3 $255.3K$285K
+11.6%
4 $350K$400.6K
+14.5%
5+ $406.5K$550K
+35.3%

Summary: Racine County housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 10.3%, 2 bedroom homes increased by 7.3%, 3 bedroom homes increased by 11.6%, 4 bedroom homes increased by 14.5%, and 5+ bedroom homes increased by 35.3%.

Median Sold Price Compared To Nearby Counties

Racine County
+13.9%
Kenosha County
+8.1%
Milwaukee County
+7.7%
Walworth County
+6.4%
Waukesha County
+5.9%

Housing Supply in Racine County, WI

How many homes are available in Racine County, WI?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
697642-7.9%

Summary: The Racine County real estate market had 642 homes for sale in November 2024, a 7.9% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 75
-28.6%
2 137121
-11.7%
3 349321
-8.0%
4 167156
-6.6%
5+ 3739
+5.4%

Summary: The Racine County housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 28.6%, 2 bedroom homes decreased by 11.7%, 3 bedroom homes decreased by 8%, 4 bedroom homes decreased by 6.6%, and 5+ bedroom homes increased by 5.4%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
212196-7.5%

Asking Price vs. Sold Price

84 Homes Were Sold
Under Asking

47 Homes Were Sold
At Asking

65 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Racine County, you may be able to get a good deal. 42.9% of homes here sold below asking price last month.

Summary: A total of 196 homes were sold or pending in Racine County in November 2024, down by 7.5% month-over-month. Of the 196 sold homes, 43% were sold under asking, 24% were sold at asking, and 33% 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

Nov 2023Nov 2024CHANGE
5 Days16 Days+220.0%

Summary: Homes in Racine County had an average of 16 days on market in Nov 2024, up by 220% compared to last year.

Breakdown of Home Sale Times

2 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

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

Summary: During November 2024, 196 homes were sold in Racine County; 1% 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 20 Days Ago

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