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 October 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

$285,159

$176/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$35,159(+14.1%)

Key Takeaway

Homes in Racine County have sold for 14.1% more than they did a year ago.

Summary: The median home sold price in Racine County was $285,159 in October 2024, up 14.1% from last year, and the median price per square foot was $176.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $133K$152K
+14.3%
2 $180.4K$195K
+8.1%
3 $250.4K$288.2K
+15.1%
4 $350K$406.8K
+16.3%
5+ $424K$550K
+29.7%

Summary: Racine County housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 14.3%, 2 bedroom homes increased by 8.1%, 3 bedroom homes increased by 15.1%, 4 bedroom homes increased by 16.3%, and 5+ bedroom homes increased by 29.7%.

Median Sold Price Compared To Nearby Counties

Racine County
+14.1%
Milwaukee County
+7.9%
Walworth County
+6.8%
Waukesha County
+6.6%
Kenosha County
+6.4%

Housing Supply in Racine County, WI

How many homes are available in Racine County, WI?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
681729+7.0%

Summary: The Racine County real estate market had 729 homes for sale in October 2024, a 7.0% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 79
+28.6%
2 141135
-4.3%
3 334364
+9.0%
4 158176
+11.4%
5+ 4145
+9.8%

Summary: The Racine County housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 28.6%, 2 bedroom homes decreased by 4.3%, 3 bedroom homes increased by 9%, 4 bedroom homes increased by 11.4%, and 5+ bedroom homes increased by 9.8%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
209194-7.2%

Asking Price vs. Sold Price

75 Homes Were Sold
Under Asking

44 Homes Were Sold
At Asking

75 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. 38.7% of homes here sold below asking price last month.

Summary: A total of 194 homes were sold or pending in Racine County in October 2024, down by 7.2% month-over-month. Of the 194 sold homes, 39% were sold under asking, 23% were sold at asking, and 39% 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

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 October 2024, 194 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.

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

Report Updated 20 Days Ago

Newest Listings in Racine County, WI

Nearby Markets to Racine County, WI

What housing markets are near Racine County, WI?