$414 Closing Credit*
$34,900
1,000 SqFt
2 Beds
•2 Full Baths
Mary A Markulis, Listing Office: The Agency Cleveland Northcoast
Is Ravenna, OH a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
Since last year, Ravenna has remained a Seller's Market.
Key Takeaway
Ravenna is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Ravenna, OH
How much do homes in Ravenna, OH cost?
Median Sold Price
$199,983
$126/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$25,608(+14.7%)
Key Takeaway
Homes in Ravenna have sold for 14.7% more than they did a year ago.
Summary: The median home sold price in Ravenna was $199,983 in November 2024, up 14.7% from last year, and the median price per square foot was $126.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $58.8K | $149.9K | +155.1% |
| 2 Bedrooms | $120K | $128K | +6.7% |
| 3 Bedrooms | $185.5K | $200K | +7.8% |
| 4 Bedrooms | $237K | $267.5K | +12.9% |
| 5+ Bedrooms | $180K | $186K | +3.3% |
Summary: Ravenna housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 155.1%, 2 bedroom homes increased by 6.7%, 3 bedroom homes increased by 7.8%, 4 bedroom homes increased by 12.9%, and 5+ bedroom homes increased by 3.3%.
Median Sold Price Compared To Nearby Cities
| Ravenna | $174.3K | $199.9K | +14.7% |
| Ravenna Township | $174.5K | $199.9K | +14.5% |
Housing Supply in Ravenna, OH
How many homes are available in Ravenna, OH?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 93 | 91 | -2.2% |
Summary: The Ravenna real estate market had 91 homes for sale in November 2024, a 2.2% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 9 | 10 | +11.1% |
| 3 Bedrooms | 56 | 54 | -3.6% |
| 4 Bedrooms | 25 | 21 | -16.0% |
| 5+ Bedrooms | 3 | 6 | +100.0% |
Summary: The Ravenna housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 11.1%, 3 bedroom homes decreased by 3.6%, 4 bedroom homes decreased by 16%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 28 | 23 | -17.9% |
Asking Price vs. Sold Price
12 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
9 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Ravenna, you may be able to get a good deal. 52.2% of homes here sold below asking price last month.
Summary: A total of 23 homes were sold or pending in Ravenna in November 2024, down by 17.9% month-over-month. Of the 23 sold homes, 52% were sold under asking, 9% were sold at asking, and 39% were sold over asking.
Days on Market for Ravenna, OH
How long does it take to sell a home in Ravenna, OH?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 33 Days | 32 Days | -2.3% |
Summary: Homes in Ravenna had an average of 32 days on market in Nov 2024, down by 2.3% compared to last year.
Breakdown of Home Sale Times
11 Homes Were Sold
Under 30 Days
11 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Ravenna are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 23 homes were sold in Ravenna; 48% of homes were sold within 30 days, 48% of homes were sold within 30 to 90 days, and 4% of homes were sold over 90 days.
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