Is Ravenel, SC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since June 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
$487,950
$225/sqft
Based on all homes sold in the last 12 months.
Difference Since June 2023
Summary: The median home sold price in Ravenel was $487,950 in June 2024, up 3.8% from last year, and the median price per square foot was $225.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Jun 2023 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | - | $237.5K | N/A |
3 Bedrooms | $477.6K | $425.6K | -10.9% |
4 Bedrooms | $450K | $589K | +30.9% |
5+ Bedrooms | $1.1M | $787.5K | -29.2% |
Summary: Ravenel housing prices by bedroom type for June 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 10.9%, 4 bedroom homes increased by 30.9%, and 5+ bedroom homes decreased by 29.2%.
Median Sold Price Compared To Nearby Cities
Hollywood | $639.2K | $697.5K | +9.1% |
Ravenel-Hollywood | $630K | $663.7K | +5.4% |
Ravenel | $469.9K | $487.9K | +3.8% |
Housing Supply in Ravenel, SC
How many homes are available in Ravenel, SC?
Number of Homes For Sale
May 2024 | Jun 2024 | CHANGE |
---|---|---|
38 | 41 | +7.9% |
Summary: The Ravenel real estate market had 41 homes for sale in June 2024, a 7.9% increase compared to May 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 0 | 0 | 0.0% |
3 Bedrooms | 17 | 21 | +23.5% |
4 Bedrooms | 15 | 16 | +6.7% |
5+ Bedrooms | 6 | 4 | -33.3% |
Summary: The Ravenel housing inventory by bedroom type for June 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 23.5%, 4 bedroom homes increased by 6.7%, and 5+ bedroom homes decreased by 33.3%.
Number of Homes Sold
May 2024 | Jun 2024 | CHANGE |
---|---|---|
5 | 5 | 0.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 5 homes were sold or pending in Ravenel in June 2024, the same as the previous month. Of the 5 sold homes, 60% were sold under asking, 20% were sold at asking, and 20% were sold over asking.
Days on Market for Ravenel, SC
We’re sorry, we don't have information for this market at the moment