$4,738 Closing Credit*
$399,000
1,194 SqFt
3 Beds
•2 Full Baths, 1 Partial
James M Chertos, Listing Office: Bellabay Realty (North)
Is Ravenna Township, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, Ravenna Township has remained a Seller's Market.
Key Takeaway
Ravenna Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Ravenna Township, MI
How much do homes in Ravenna Township, MI cost?
Median Sold Price
$273,000
$202/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$12,050(+4.6%)
Key Takeaway
Homes in Ravenna Township have sold for 4.6% more than they did a year ago.
Summary: The median home sold price in Ravenna Township was $273,000 in October 2024, up 4.6% from last year, and the median price per square foot was $202.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $245K | - | N/A |
| 2 Bedrooms | $261.4K | $235.5K | -9.9% |
| 3 Bedrooms | $223K | $257K | +15.2% |
| 4 Bedrooms | $320K | $327.5K | +2.3% |
| 5+ Bedrooms | $331K | $430.5K | +30.1% |
Summary: Ravenna Township housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 9.9%, 3 bedroom homes increased by 15.2%, 4 bedroom homes increased by 2.3%, and 5+ bedroom homes increased by 30.1%.
Median Sold Price Compared To Nearby Cities
| Ravenna | $259.9K | $273K | +5.0% |
| Ravenna Township | $260.9K | $273K | +4.6% |
Housing Supply in Ravenna Township, MI
How many homes are available in Ravenna Township, MI?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 21 | 20 | -4.8% |
Summary: The Ravenna Township real estate market had 20 homes for sale in October 2024, a 4.8% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 3 | 1 | -66.7% |
| 3 Bedrooms | 12 | 13 | +8.3% |
| 4 Bedrooms | 5 | 4 | -20.0% |
| 5+ Bedrooms | 1 | 2 | +100.0% |
Summary: The Ravenna Township housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 66.7%, 3 bedroom homes increased by 8.3%, 4 bedroom homes decreased by 20%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 8 | 4 | -50.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
2 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Ravenna Township, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.
Summary: A total of 4 homes were sold or pending in Ravenna Township in October 2024, down by 50.0% month-over-month. Of the 4 sold homes, 25% were sold under asking, 50% were sold at asking, and 25% were sold over asking.
Days on Market for Ravenna Township, MI
How long does it take to sell a home in Ravenna Township, MI?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 19 Days | 32 Days | +69.4% |
Summary: Homes in Ravenna Township had an average of 32 days on market in Oct 2024, up by 69.4% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Ravenna Township are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 4 homes were sold in Ravenna Township; 75% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
Provided through IDX via MiRealSource, as the “Source MLS”, courtesy of the Originating MLS shown on the property listing, as the Originating MLS.