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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Ravenswood is a neutral's market

Buyer's
Market

Difference Since October 2023

At the same time last year, Ravenswood was a Seller's Market.

Key Takeaway

Ravenswood is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in Ravenswood, IN

How much do homes in Ravenswood, IN cost?

Median Sold Price

$225,000

$166/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$9,000(+4.2%)

Key Takeaway

Homes in Ravenswood have sold for 4.2% more than they did a year ago.

Summary: The median home sold price in Ravenswood was $225,000 in October 2024, up 4.2% from last year, and the median price per square foot was $166.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $97K$140K
+44.3%
2 $217.5K$215K
-1.1%
3 $216K$265K
+22.7%
4 $225K$215K
-4.4%
5+ -$857.8K
N/A

Summary: Ravenswood housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 44.3%, 2 bedroom homes decreased by 1.1%, 3 bedroom homes increased by 22.7%, 4 bedroom homes decreased by 4.4%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Neighborhoods

Ravenswood
+4.2%
North Central
-2.5%

Housing Supply in Ravenswood, IN

How many homes are available in Ravenswood, IN?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
2019-5.0%

Summary: The Ravenswood real estate market had 19 homes for sale in October 2024, a 5.0% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 21
-50.0%
2 87
-12.5%
3 79
+28.6%
4 32
-33.3%
5+ 00
0.0%

Summary: The Ravenswood housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes decreased by 12.5%, 3 bedroom homes increased by 28.6%, 4 bedroom homes decreased by 33.3%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
43-25.0%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

0 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, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 3 homes were sold or pending in Ravenswood in October 2024, down by 25.0% month-over-month. Of the 3 sold homes, 100% were sold under asking, 0% 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

Oct 2023Oct 2024CHANGE
18 Days40 Days+116.9%

Summary: Homes in Ravenswood had an average of 40 days on market in Oct 2024, up by 116.9% compared to last year.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Ravenswood has remained consistent over time.

Summary: During October 2024, 3 homes were sold in Ravenswood; 33% of homes were sold within 30 days, 67% 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 24 Days Ago

Newest Listings in Ravenswood, IN

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