Racine, WI Home Values & Market Trends
Real estate market trends reflect that there have been 1,413 transactions over the past year in Racine. The median value for residential home transactions that occurred over the previous year is $180,112.33. The number of current listings in Racine is 29, and the percentage of properties for sale in the city is 29.00%. Racine, WI currently has 12 properties in foreclosure, 0 bank owned properties, 12 properties headed for auction, and 29 properties for sale.
Racine, WI Real Estate Market Overview
Housing Market Summary for Racine, WI
| Apr 2023 | March 2024 | Change | |
|---|---|---|---|
| Median Listing Price | $189.4K | $180.3K | -4.84% |
| Median Sold Price | $181.4K | $180.3K | -0.64% |
| Homes For Sale | 48 | 28 | -41.67% |
| Homes Sold | 1,010 | 696 | -31.09% |
Price Per Square Foot
On an average, Single Family homes cost $33 more per sqft than Condos. In comparison with sales price/sqft last week, list price/sqft of Single Family homes increased by 1.93% whereas, list price/sqft of Condos increased by 9.38%.
Recently Sold Homes
Explore recent offers and recently sold homes in Racine, WI
Browse Homes in Racine, WI
Racine home values range from $20,002 to $7,577,537. The median estimated value of a home in Racine is $180,112.33. The median list price of a home is 199,900, and the total count of properties in the city is 25,272.
- Pre-ForeclosurePre-foreclosure homes account for 0% of all residential properties in Racine, WI with $[pre-foreclosures-highest-count-region] containing 0 pre-foreclosures, the highest number of pre-foreclosure properties in a single zip. There are 5 zips within Racine, WI; of those zips, the estimated home value for pre-foreclosure homes ranges from $0 in N/A to the lowest home value of $0 in $[pre-foreclosures-lowest-avm-region].
- Bank OwnedThe median estimated home value of bank owned homes (REO properties) in Racine, WI ranges from the highest value of $0 in N/A to the lowest value of $0 in N/A. Bank owned homes and properties account for 0% of properties in Racine, WI. There are 5 zips within Racine, WI; N/A containing 0 REO properties, has the highest number of bank owned properties in a single zip.
- Auctions53402 has 4 auction properties, the highest number of properties going to auction in a single zip in the state of Racine, WI. Auction homes and other auction properties account for 0.05% of all properties in Racine, WI. There are 5 zips within Racine, WI; of those zips, the median estimated home value for homes going to auction ranges from $735,482 in 53403 to the lowest value of $115,161 in 53403.
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More Real Estate Resources for Racine, WI
Guide for Racine, WI
Madison’s real estate market continues to robustness, with varied trends across different market segments.
Milwaukee’s real estate market has shown growth with increasing property values and sold prices in the past year. However, the market contrasts with wealthier neighboring cities with higher average sold prices.
Wisconsin Foreclosure Laws
Information on foreclosure financing, refinancing, and foreclosure mortgages.