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Featured local agent — Racine, MN
Sarah Mitchell
Compass Real Estate · Racine, MN
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Racine, MN Housing Market & Real Estate
Housing market overview · Updated monthly ·
$234,250median sale price
How is the Racine, MN housing market right now?
The median home sale price in Racine, MN is $234,250. Homes sell in an average of 7 days with 1 active listings. The market is currently a strong seller's market. (Source: Redfin monthly MLS data, as of April 2026 — the most recent Redfin release; Redfin publishes each month's data on a ~6-week lag.)
Is Racine a buyer's or seller's market?
Racine, MN is currently a strong seller's market, based on 0.5 months of supply and homes selling in about 7 days. How we determine this →
Homes sold
2
Last 12 weeks
Days on market
7
Fast-moving
Active listings
1
0.5 months supply
Sale-to-list
108.1%
Above asking
What does the Racine housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $234,250 |
| Average days on market | 7 days |
| Active inventory | 1 listings |
| Months of supply | 0.5 months |
| Sale-to-list price ratio | 108.1% |
| Median price per sq ft | $160/sq ft |
| Homes sold (latest month) | 2 |
| Market condition | Strong seller's market |
Source: Redfin · Updated monthly
How much do homes cost in Racine by property type?
How the Racine, MN market breaks down across single-family homes, condos, and townhouses.
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $234,250 | $160/sq ft | 2 | 7 days |
Source: Redfin · Updated monthly
The Racine housing market is currently classified as a strong seller's market with a median sale price of $234,250. Prices have fallen 0.0% compared to last year, with homes spending an average of 7 days on market, indicating 0.5 months of inventory.With limited inventory, homes sell quickly and buyers should be prepared to act decisively and competitively to secure a property.The price-to-income ratio of 4.1x provides context for how home values compare to local earning capacity.
Homes for sale in Racine
There are currently 1 homes listed for sale in Racine, Minnesota.
Active listings
1
Homes on market
Avg. days on market
7
Days until sale
Who lives in Racine?
Population
476
Median income
$95,125/yr
Median age
39.2 years
Owner-occupied
90.1%
College grads
21.0%
Avg commute
23.8 min
Source: U.S. Census Bureau ACS
What are homes worth in Racine?
Zillow home value
$388,648
Price-to-income
4.1x
Source: Zillow Research
What is it like to live in Racine?
Racine is a community of approximately 0K residents with a median age of 39.2 years.The median household income is $95,125, which reflects a relatively affluent area with strong earning potential. 21.0% of residents hold a bachelor's degree or higher, showing a mixed educational demographic.
Homeownership rates are at 90.1%, reflecting strong community stability and long-term resident commitment. The average commute time is 23.8 minutes, which makes this an excellent choice for those seeking short commutes to employment centers.Overall, Racine offers a balanced lifestyle with accessible home values relative to local income levels.
Which cities are near Racine, MN?
Want a head-to-head view? Compare Racine side-by-side with any other U.S. city using our market-comparison tool.
Frequently asked questions
What is the average home price in Racine?
The median home sale price in Racine is $234,250, down 0.0% from last year.
How long do homes stay on market in Racine?
Homes typically spend 7 days on market before going under contract.
What is the median income in Racine?
The median household income is $95,125 per year.
Is Racine a buyer's or seller's market?
With 0.5 months of supply, Racine is currently a strong seller's market.
What is the Zillow home value estimate for Racine?
The Zillow Home Value Index (ZHVI) for Racine is $388,648, representing the typical home value in the area.
How much does a single-family home cost in Racine?
The median single-family home price in Racine, MN is $234,250 (about $160 per square foot).
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