$474 Closing Credit*
$39,900
2,400 SqFt
Studio
Jason Cavender, Listing Office: The Property Center
Is Ravenswood, WV a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, 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, WV
How much do homes in Ravenswood, WV cost?
Median Sold Price
$192,500
$106/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$49,500(+34.6%)
Key Takeaway
Homes in Ravenswood have sold for 34.6% more than they did a year ago.
Summary: The median home sold price in Ravenswood was $192,500 in November 2024, up 34.6% from last year, and the median price per square foot was $106.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $223K | N/A |
| 2 Bedrooms | $91.2K | $100K | +9.6% |
| 3 Bedrooms | $135K | $179.5K | +33.0% |
| 4 Bedrooms | $212.5K | $212K | -0.2% |
| 5+ Bedrooms | $257.5K | $630K | +144.7% |
Summary: Ravenswood housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 9.6%, 3 bedroom homes increased by 33%, 4 bedroom homes decreased by 0.2%, and 5+ bedroom homes increased by 144.7%.
Median Sold Price Compared To Nearby Cities
| Northern | $137.4K | $198.3K | +44.3% |
| Ravenswood | $143K | $192.5K | +34.6% |
Housing Supply in Ravenswood, WV
How many homes are available in Ravenswood, WV?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 24 | 20 | -16.7% |
Summary: The Ravenswood real estate market had 20 homes for sale in November 2024, a 16.7% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 0 | -100.0% |
| 2 Bedrooms | 1 | 0 | -100.0% |
| 3 Bedrooms | 15 | 13 | -13.3% |
| 4 Bedrooms | 5 | 5 | 0.0% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Ravenswood housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes decreased by 100%, 3 bedroom homes decreased by 13.3%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 10 | 4 | -60.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Ravenswood, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 4 homes were sold or pending in Ravenswood in November 2024, down by 60.0% month-over-month. Of the 4 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 2 Days | 6 Days | +200.0% |
Summary: Homes in Ravenswood had an average of 6 days on market in Nov 2024, up by 200% compared to last year.
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
Key Takeaway
Many homes in Ravenswood are selling fast, if you're buying plan to act quickly.
Summary: During November 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.
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