Is Ravenswood, IN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Ravenswood is a seller's market

Buyer's
Market

Difference Since Last Month

Last month, Ravenswood was a Buyer's Market.

Key Takeaway

Ravenswood is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Ravenswood, IN

How much do homes in Ravenswood, IN cost?

Median Sold Price

$180,000

$180/sqft

Based on all homes sold in September 2024.

Difference Since Last Month

-$94,000(-34.3%)

Key Takeaway

Homes in Ravenswood have sold for 34.3% less than they did a month ago.

Summary: The median home sold price in Ravenswood was $180,000 in September 2024, down 34.3% from last month, and the median price per square foot was $180.

Median Sold Price By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 -$140K
N/A
2 $274K$180K
-34.3%
3 --
N/A
4 -$215K
N/A
5+ --
N/A

Summary: Ravenswood housing prices by bedroom type for September 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 34.3%, 3 bedroom homes did not change, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Housing Supply in Ravenswood, IN

How many homes are available in Ravenswood, IN?

Number of Homes For Sale

Aug 2024Sep 2024CHANGE
1921+10.5%

Summary: The Ravenswood real estate market had 21 homes for sale in September 2024, a 10.5% increase compared to August 2024.

Homes For Sale By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 22
0.0%
2 78
+14.3%
3 67
+16.7%
4 44
0.0%
5+ 00
0.0%

Summary: The Ravenswood housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 14.3%, 3 bedroom homes increased by 16.7%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Aug 2024Sep 2024CHANGE
14+300.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

3 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Ravenswood, expect to pay close to the asking price. 75% of homes here sold near the asking price last month.

Summary: A total of 4 homes were sold or pending in Ravenswood in September 2024, up by 300.0% month-over-month. Of the 4 sold homes, 25% were sold under asking, 75% were sold at asking, and 0% were sold over asking.

Days on Market for Ravenswood, IN

How long does it take to sell a home in Ravenswood, IN?

Average Sale Time

Aug 2024Sep 2024CHANGE
4 Days10 Days+150.0%

Summary: Homes in Ravenswood had an average of 10 days on market in Sep 2024, up by 150% compared to last month.

Breakdown of Home Sale Times

4 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Ravenswood are selling fast, if you're buying plan to act quickly.

Summary: During September 2024, 4 homes were sold in Ravenswood; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated Sep 1, 2024

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