Is Ravenna, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2021
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.
How much do homes in Ravenna, MI cost?
Median Sold Price
$225,000
$132/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2021
+$86,000(+61.9%)
Key Takeaway
Homes in Ravenna have sold for 61.9% more than they did a year ago.
Median Sold Price By Bedroom Count
| # BEDS | May 2021 | May 2022 | % |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $134K | $165K | +23.1% |
| 3 Bedrooms | $152K | $220K | +44.7% |
| 4 Bedrooms | $95K | $255K | +168.4% |
| 5+ Bedrooms | $210K | $470K | +123.8% |
Median Sold Price Compared To Nearby Cities
| % | |
|---|---|
| Ravenna | +61.9% |
| Ravenna Township | +36.4% |
How many homes are available in Ravenna, MI?
Number of Homes For Sale
| Apr 2022 | May 2022 | % |
|---|---|---|
| 5 | 8 | +60.0% |
Homes For Sale By Bedroom Count
| # BEDS | Apr 2022 | May 2022 | % |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 2 | 4 | +100.0% |
| 3 Bedrooms | 3 | 3 | 0.0% |
| 4 Bedrooms | 0 | 1 | +100.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Number of Homes Sold
| Apr 2022 | May 2022 | % |
|---|---|---|
| 0 | 3 | +100.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Ravenna, you could pay more than the asking price. 100% of homes here sold above asking price last month.
