$25,000
0.80 Acres
Land
Amber Mouser, Listing Office: Sold Sisters Realty, LLC
Is Ravenswood, WV 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, Ravenswood has remained a Seller'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, WV
How much do homes in Ravenswood, WV cost?
Median Sold Price
$190,000
$107/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$44,000(+30.1%)
Key Takeaway
Homes in Ravenswood have sold for 30.1% more than they did a year ago.
Summary: The median home sold price in Ravenswood was $190,000 in October 2024, up 30.1% from last year, and the median price per square foot was $107.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $223K | N/A |
| 2 Bedrooms | $82.5K | $100K | +21.2% |
| 3 Bedrooms | $135K | $179.5K | +33.0% |
| 4 Bedrooms | $200K | $212K | +6.0% |
| 5+ Bedrooms | $257.5K | $630K | +144.7% |
Summary: Ravenswood 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 increased by 21.2%, 3 bedroom homes increased by 33%, 4 bedroom homes increased by 6%, and 5+ bedroom homes increased by 144.7%.
Median Sold Price Compared To Nearby Cities
| Northern | $140K | $200K | +42.9% |
| Ravenswood | $146K | $190K | +30.1% |
Housing Supply in Ravenswood, WV
How many homes are available in Ravenswood, WV?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 30 | 27 | -10.0% |
Summary: The Ravenswood real estate market had 27 homes for sale in October 2024, a 10.0% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 1 | 1 | 0.0% |
| 3 Bedrooms | 17 | 15 | -11.8% |
| 4 Bedrooms | 8 | 8 | 0.0% |
| 5+ Bedrooms | 3 | 2 | -33.3% |
Summary: The Ravenswood 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 remained the same, 3 bedroom homes decreased by 11.8%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 33.3%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 7 | 10 | +42.9% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Ravenswood, you may be able to get a good deal. 80% of homes here sold below asking price last month.
Summary: A total of 10 homes were sold or pending in Ravenswood in October 2024, up by 42.9% month-over-month. Of the 10 sold homes, 80% were sold under asking, 20% were sold at asking, and 0% were sold over asking.
Days on Market for Ravenswood, WV
How long does it take to sell a home in Ravenswood, WV?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 19 Days | 62 Days | +219.3% |
Summary: Homes in Ravenswood had an average of 62 days on market in Oct 2024, up by 219.3% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Ravenswood has remained consistent over time.
Summary: During October 2024, 10 homes were sold in Ravenswood; 30% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.
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