Is Ravenel, SC a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Ravenel is a buyer's market

Buyer's
Market

Difference Since March 2023

At the same time last year, Ravenel was a Seller's Market.

Key Takeaway

Ravenel is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Ravenel, SC

How much do homes in Ravenel, SC cost?

Median Sold Price

$468,245

$221/sqft

Based on all homes sold in the last 12 months.

Difference Since March 2023

-$4,160(-0.9%)

Key Takeaway

Homes in Ravenel have sold for 0.9% less than they did a year ago.

Summary: The median home sold price in Ravenel was $468,245 in March 2024, down 0.9% from last year, and the median price per square foot was $221.

Median Sold Price By Bedroom Count

# BEDSMar 2023Mar 2024CHANGE
1 --
N/A
2 $442.5K$237.5K
-46.3%
3 $500K$464.4K
-7.1%
4 $464.9K$444.2K
-4.5%
5+ $795K$684.2K
-13.9%

Summary: Ravenel housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 46.3%, 3 bedroom homes decreased by 7.1%, 4 bedroom homes decreased by 4.5%, and 5+ bedroom homes decreased by 13.9%.

Median Sold Price Compared To Nearby Cities

Hollywood
+11.5%
Ravenel-Hollywood
+8.2%
Ravenel
-0.9%

Housing Supply in Ravenel, SC

How many homes are available in Ravenel, SC?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
3235+9.4%

Summary: The Ravenel real estate market had 35 homes for sale in March 2024, a 9.4% increase compared to February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 00
0.0%
2 00
0.0%
3 118
-27.3%
4 1518
+20.0%
5+ 69
+50.0%

Summary: The Ravenel housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 27.3%, 4 bedroom homes increased by 20%, and 5+ bedroom homes increased by 50%.

Number of Homes Sold

Feb 2024Mar 2024CHANGE
440.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

1 Home Was Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Ravenel, you could pay more than the asking price. 50% of homes here sold above asking price last month.

Summary: A total of 4 homes were sold or pending in Ravenel in March 2024, the same as the previous month. Of the 4 sold homes, 25% were sold under asking, 25% were sold at asking, and 50% were sold over asking.

Days on Market for Ravenel, SC

We’re sorry, we don't have information for this market at the moment

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

Report Updated 24 Days Ago

Newest Listings in Ravenel, SC

Nearby Markets to Ravenel, SC

What housing markets are near Ravenel, SC?