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Local News

A Quick Look Into the Housing Market in Racine

Credit: iStock

As predicted, the housing market in Racine has been increasingly competitive in 2022. Demand is high but the market is scarce, and these trends are reflected in housing prices.

According to Redfin.com, in April 2022, Racine home prices were up 13.0% compared to last year, selling for a median price of $176K. 

On average, homes in Racine sell after 38 days on the market compared to 46 days last year. There were 134 homes sold in April this year, up from 122 last year.

These statistics make it clear that real estate in Racine is currently a seller’s market.