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Is Racine, MN 55967 a buyer’s or seller’s market?

3 months ending August 31, 2026 · Source: Redfin

Racine is a balanced market. With about null months of supply, well-priced homes can still draw more than one offer, but buyers have some room to negotiate.

Months of supply—Under 4 months = seller’s market
Sold above original list0%Share of sales, last 3 months
Median sale-to-list91.6%Sold price ÷ list price
Median days on market55Listing to accepted offer
Median price per sq ft$210▲ +22.6% vs. last year

The Racine housing market right now

In the three months ending August 31, 2026, 0% of homes in Racine, MN 55967 sold above their list price and the typical home went under contract in 55 days. With only 2 sales, these figures can swing a lot from month to month.

Compared with the same period a year earlier, the share selling over asking fell from 75%, homes sold more slowly (22 days then) and the median sale price rose 38% to $457,802. Overall, Racine is less competitive than a year ago, which gives buyers more room.

Within Mower County, homes here sell more slowly, and less often over asking, than in any other ZIP code in the county.

Nearby, Le Roy 55951 (100% sold over asking) and Brownsdale 55918 (50% sold over asking) are even more competitive.

Run the numbers for 55967

Prefilled for 55967Can I win this house?Multiple-offer likelihood for a listing Prefilled for 55967Over-asking calculatorTypical range over list ToolOffer strength scoreHow your offer looks to a seller ToolAppraisal gapCash needed if it appraises low

Nearby markets

Adams 55909Seller’s market $122 /sq ftAustin 55912Seller’s market $137 /sq ftBrownsdale 55918Seller’s market $104 /sq ftDexter 55926 — /sq ft Browse all markets →

Towns like Racine nearby

Find towns like Racine in other states →
Dover, MN55929 · 24 miles away86% similarnewer homes Mazeppa, MN55956 · 33 miles away86% similarlarger Elgin, MN55932 · 28 miles away78% similarlarger Fountain, MN55935 · 20 miles away76% similarcheaper homes ($71K less) · older homes

Where Racine is

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Questions about Racine real estate

How fast do homes sell in Racine?

The typical home went under contract in 55 days in the latest three months.

Do homes in Racine sell over asking?

0% of homes sold above their original list price, and the typical sale closed at 91.6% of the list price.

What are property taxes in Racine?

About 1.03% of a home’s value a year in Mower County, or roughly $4,120 on a $400,000 home.

What is the median home price in Racine?

The median sale price was $457,802 in the three months ending August 31, 2026, about $210 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