Is Ravenel, SC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Ravenel was a Seller's Market.
Housing Prices in Ravenel, SC
How much do homes in Ravenel, SC cost?
Median Sold Price
$489,450
$227/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Ravenel was $489,450 in May 2024, up 4.7% from last year, and the median price per square foot was $227.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | - | $237.5K | N/A |
3 Bedrooms | $482.2K | $427.8K | -11.3% |
4 Bedrooms | $459.5K | $576.5K | +25.4% |
5+ Bedrooms | $686.7K | $787.5K | +14.7% |
Summary: Ravenel housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes decreased by 11.3%, 4 bedroom homes increased by 25.4%, and 5+ bedroom homes increased by 14.7%.
Median Sold Price Compared To Nearby Cities
Hollywood | $632.5K | $692.4K | +9.5% |
Ravenel-Hollywood | $620K | $659.9K | +6.4% |
Ravenel | $467.4K | $489.4K | +4.7% |
Housing Supply in Ravenel, SC
How many homes are available in Ravenel, SC?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
37 | 42 | +13.5% |
Summary: The Ravenel real estate market had 42 homes for sale in May 2024, a 13.5% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 0 | 0 | 0.0% |
3 Bedrooms | 10 | 17 | +70.0% |
4 Bedrooms | 18 | 16 | -11.1% |
5+ Bedrooms | 9 | 9 | 0.0% |
Summary: The Ravenel housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 70%, 4 bedroom homes decreased by 11.1%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
8 | 5 | -37.5% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 5 homes were sold or pending in Ravenel in May 2024, down by 37.5% month-over-month. Of the 5 sold homes, 80% were sold under asking, 20% were sold at asking, and 0% were sold over asking.
Days on Market for Ravenel, SC
We’re sorry, we don't have information for this market at the moment