Is Racine, WI 53407 a buyer’s or seller’s market?
Racine is a seller’s market. With about 3.2 months of supply and 33% of recent sales closing above the original list price, competing offers are common on well-priced homes. Buyers here often have a pre-approval in hand and a plan for the appraisal gap before touring.
The Racine housing market right now
In the three months ending August 31, 2026, 33% of homes in Racine, WI 53407 sold above their list price, the typical home went under contract in 45 days and there were 3.2 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. With only 3 sales, these figures can swing a lot from month to month.
Compared with the same period a year earlier, the share selling over asking rose from 0%, homes sold faster (88 days then) and the median sale price rose 30% to $489,788. Overall, Racine is more competitive than a year ago, so tougher for buyers.
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Where Racine is
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Questions about Racine real estate
Is Racine a buyer’s or seller’s market?
A seller’s market: there were 3.2 months of supply in Racine, WI 53407 in the three months ending August 31, 2026. Under four months usually favors sellers, and more than six favors buyers.
How fast do homes sell in Racine?
The typical home went under contract in 45 days in the latest three months.
Do homes in Racine sell over asking?
33% of homes sold above their original list price, and the typical sale closed at 96.7% of the list price.
What is the median home price in Racine?
The median sale price was $489,788 in the three months ending August 31, 2026, about $265 per square foot.
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Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology