Is Ravenel, SC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Ravenel has remained a Seller's Market.
Key Takeaway
Ravenel is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Ravenel, SC
How much do homes in Ravenel, SC cost?
Median Sold Price
$479,900
$221/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Ravenel have sold for 1.1% more than they did a year ago.
Summary: The median home sold price in Ravenel was $479,900 in April 2024, up 1.1% from last year, and the median price per square foot was $221.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $442.5K | $237.5K | -46.3% |
| 3 Bedrooms | $507.5K | $427.8K | -15.7% |
| 4 Bedrooms | $464.9K | $488K | +5.0% |
| 5+ Bedrooms | $686.7K | $559K | -18.6% |
Summary: Ravenel housing prices by bedroom type for April 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 15.7%, 4 bedroom homes increased by 5%, and 5+ bedroom homes decreased by 18.6%.
Median Sold Price Compared To Nearby Cities
| Hollywood | $621.3K | $683.9K | +10.1% |
| Ravenel-Hollywood | $610K | $650K | +6.5% |
| Ravenel | $474.9K | $479.9K | +1.1% |
Housing Supply in Ravenel, SC
How many homes are available in Ravenel, SC?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 32 | 38 | +18.8% |
Summary: The Ravenel real estate market had 38 homes for sale in April 2024, a 18.8% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 0 | 0.0% |
| 3 Bedrooms | 6 | 10 | +66.7% |
| 4 Bedrooms | 18 | 19 | +5.6% |
| 5+ Bedrooms | 8 | 9 | +12.5% |
Summary: The Ravenel housing inventory by bedroom type for April 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 66.7%, 4 bedroom homes increased by 5.6%, and 5+ bedroom homes increased by 12.5%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 4 | 8 | +100.0% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Ravenel, you may be able to get a good deal. 62.5% of homes here sold below asking price last month.
Summary: A total of 8 homes were sold or pending in Ravenel in April 2024, up by 100.0% month-over-month. Of the 8 sold homes, 63% were sold under asking, 25% were sold at asking, and 13% were sold over asking.
Days on Market for Ravenel, SC
We’re sorry, we don't have information for this market at the moment
