Racine, Wisconsin Housing Market

What stands out in Racine?

• The typical listing has been on the market 33 days: among the shortest listing ages of 765 tracked cities. Few listings sit for long. Have financing ready before you look.
• Prices were above the year before in 95% of months: among the most consistent price growth of 765 tracked cities. Drops here have been short.
• Asking prices swing about 18.7% between the cheapest and priciest months: among the biggest seasonal price swings of 765 tracked cities. Timing your purchase within the year matters here.

Why is Racine still competitive?

Racine has 34% fewer homes for sale than in 2017–2019 at this time of year, and the typical listing has been on the market 33 days, shorter than 97% of the 765 cities we track. Well-priced homes will draw more than one offer. Your discount is in the listing that has sat, so set a price alert and move when a stale one gets cut.

How much can you negotiate in Racine?

Pending-sale counts for Racine were thinly reported until recently, so this page reads demand from how long listings sit, how many sellers cut, and how much is for sale. About 1 in 4 sellers has already dropped their price. Each one has learned their first price was too high. Start your offer below their new price.

The typical Racine listing has been on the market 33 days. That is 7% longer than a year ago. There are 328 homes for sale in Racine. That is 2.0 times the tightest month on record, but below the peak of 647. Supply is growing against last year.

What to do about it

• Get your financing approved before you look.
• Decide your maximum price before you bid.
• Bid the day a good home lists, or hunt the few that have sat 60+ days.
• Walk away when the price passes your number. Another buyer will overpay. Let them.

When do Racine prices dip?

Across 9 full years, Racine asking prices ran lowest in January, about 11.4% below the year's average. They peaked in July. The most homes for sale show up in September, about 18% above the yearly average. Shop in September for choice, and expect the softest asking prices in January.

How does Racine compare with other Wisconsin markets?

Ranked among the 12 Wisconsin markets we track:

• Asking price: 3rd cheapest of 12. Racine is at $290,243. Closest: Oshkosh and Sheboygan.
• Time on market: 3rd shortest time on market of 12. Racine is at a median of 33 days on market. Closest: Waukesha and Sheboygan.
• Price cuts: the most price cuts of 12. Racine is at 24% of sellers cutting. Closest: Janesville.

Is now a good time to buy in Racine?

The median asking price is 10.9% below its Jul 2026 peak. You are not buying at the top. Prices stopped falling about a year ago. They are flat now. Waiting will not get you a cheaper house. It might still get you a more motivated seller. Racine prices have risen in 105 of the last 111 months. Drops here have been short and shallow. Buying in a slow month has rarely hurt a long hold.

If you plan to sell in the next two years, move it up. This much buyer demand does not last. Right now it does your negotiating for you.

What numbers should you underwrite a Racine deal with?

• Price growth to assume — +6.8%/yr. Racine has grown about 6.8% a year for five years and for ten. That pace held before and after the 2020–2021 boom, so it is a fair long-run input. Prices rose 2.4% over the last year. Use it for timing. The five-year rate is the better guide.
• Odds you cut your price to sell — 1 in 4. 24% of Racine listings have cut their asking price. Underwrite your exit below asking.
• Competition when you exit — +20%. Homes for sale in Racine are up 20% on last year, so your resale faces more competition than today's comps did.

Read how the pending ratio measures demand and how we read these numbers, then run the numbers on a deal.

What is the median home price in Racine?

The median asking price in Racine is about $290,000 as of Sep 2026, down 3.4% from a year ago. The typical listing is 7% smaller than a year ago, and asking price per square foot is up 2.4%. So the size of homes on the market explains much of the drop. This is the asking price on homes listed for sale. Sites that report sold prices or estimated home values will show a different number. Our Racine figures cover the 7 ZIP codes with a Racine mailing address, which can reach past city limits.

Is Racine a buyer's or seller's market in 2026?

Sellers have more pull in Racine than usual. We compare Racine with 2017–2019 at this time of year: there are 34% fewer homes for sale; the typical listing has been up 27% fewer days; 24% of sellers have cut their price, against 22% then.

Are Racine home prices going up or down?

The median asking price is 10.9% below its Jul 2026 peak. You are not buying at the top. Prices stopped falling about a year ago. They are flat now. Waiting will not get you a cheaper house. It might still get you a more motivated seller.

What price growth should I assume for Racine?

Assume +6.8% a year. Racine has grown about 6.8% a year for five years and for ten. That pace held before and after the 2020–2021 boom, so it is a fair long-run input. Prices rose 2.4% over the last year. Use it for timing. The five-year rate is the better guide.

What is the fair market rent in Racine?

HUD's fiscal year 2026 fair market rent for Racine County is $1,235 a month for 2 bedrooms and $1,592 for 3 bedrooms. The figures include tenant-paid utilities and cover the whole county.