Is Ravena, NY a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Ravena is a seller's market

Buyer's
Market

Difference Since November 2023

Since last year, Ravena has remained a Seller's Market.

Key Takeaway

Ravena is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Ravena, NY

How much do homes in Ravena, NY cost?

Median Sold Price

$257,000

$154/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$17,000(+7.1%)

Key Takeaway

Homes in Ravena have sold for 7.1% more than they did a year ago.

Summary: The median home sold price in Ravena was $257,000 in November 2024, up 7.1% from last year, and the median price per square foot was $154.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $130K$135K
+3.8%
2 $200K$182.5K
-8.8%
3 $243.6K$285K
+16.9%
4 $325K$277.5K
-14.6%
5+ $202.5K$250K
+23.5%

Summary: Ravena housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 3.8%, 2 bedroom homes decreased by 8.8%, 3 bedroom homes increased by 16.9%, 4 bedroom homes decreased by 14.6%, and 5+ bedroom homes increased by 23.5%.

Median Sold Price Compared To Nearby Cities

Selkirk
+11.6%
Coeymans
+8.0%
Ravena
+7.1%

Housing Supply in Ravena, NY

How many homes are available in Ravena, NY?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
2313-43.5%

Summary: The Ravena real estate market had 13 homes for sale in November 2024, a 43.5% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 11
0.0%
2 41
-75.0%
3 136
-53.8%
4 55
0.0%
5+ 00
0.0%

Summary: The Ravena 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 decreased by 75%, 3 bedroom homes decreased by 53.8%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
85-37.5%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Ravena, you could pay more than the asking price. 60% of homes here sold above asking price last month.

Summary: A total of 5 homes were sold or pending in Ravena in November 2024, down by 37.5% month-over-month. Of the 5 sold homes, 40% were sold under asking, 0% were sold at asking, and 60% were sold over asking.

Days on Market for Ravena, NY

How long does it take to sell a home in Ravena, NY?

Average Sale Time

Nov 2023Nov 2024CHANGE
22 Days46 Days+106.2%

Summary: Homes in Ravena had an average of 46 days on market in Nov 2024, up by 106.2% compared to last year.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Ravena are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 5 homes were sold in Ravena; 40% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 10 Days Ago

Newest Listings in Ravena, NY

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