$35,000
0.15 Acres
Land
#1901111, Tyler Murphy, Listing Office: RE/MAX Newport
Is West Racine, WI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
Since last year, West Racine has remained a Seller's Market.
Key Takeaway
West Racine is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in West Racine, WI
How much do homes in West Racine, WI cost?
Median Sold Price
$185,000
$147/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$6,750(+3.8%)
Key Takeaway
Homes in West Racine have sold for 3.8% more than they did a year ago.
Summary: The median home sold price in West Racine was $185,000 in November 2024, up 3.8% from last year, and the median price per square foot was $147.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $113.6K | $140K | +23.2% |
| 2 Bedrooms | $155K | $169.9K | +9.6% |
| 3 Bedrooms | $184K | $187.7K | +2.0% |
| 4 Bedrooms | $187K | $220K | +17.6% |
| 5+ Bedrooms | $218.2K | $165K | -24.4% |
Summary: West Racine housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 23.2%, 2 bedroom homes increased by 9.6%, 3 bedroom homes increased by 2%, 4 bedroom homes increased by 17.6%, and 5+ bedroom homes decreased by 24.4%.
Median Sold Price Compared To Nearby Neighborhoods
| Valley Flats | $110.5K | $140.7K | +27.4% |
| West Racine | $178.2K | $185K | +3.8% |
Housing Supply in West Racine, WI
How many homes are available in West Racine, WI?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 21 | 22 | +4.8% |
Summary: The West Racine real estate market had 22 homes for sale in November 2024, a 4.8% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 6 | 7 | +16.7% |
| 3 Bedrooms | 11 | 10 | -9.1% |
| 4 Bedrooms | 3 | 3 | 0.0% |
| 5+ Bedrooms | 1 | 2 | +100.0% |
Summary: The West Racine housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 16.7%, 3 bedroom homes decreased by 9.1%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 9 | 6 | -33.3% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in West Racine, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 6 homes were sold or pending in West Racine in November 2024, down by 33.3% month-over-month. Of the 6 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.
Days on Market for West Racine, WI
We’re sorry, we don't have information for this market at the moment
