Is Ravenswood, WV a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Ravenswood is a seller's market

Buyer's
Market

Difference Since August 2021

At the same time last year, Ravenswood was a Neutral Market.

Key Takeaway

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

How much do homes in Ravenswood, WV cost?

Median Sold Price

$130,000

$84/sqft

Based on all homes sold in the last 12 months.

Difference Since August 2021

+$2,500(+2.0%)

Key Takeaway

Homes in Ravenswood have sold for 2% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSAug 2021Aug 2022%
1 --
N/A
2 $35K$88K
+151.4%
3 $125K$126.5K
+1.2%
4 $155.5K$155.5K
0.0%
5+ $175K$340K
+94.3%

Median Sold Price Compared To Nearby Cities

Ravenswood
+2.0%
Northern
+1.1%

How many homes are available in Ravenswood, WV?

Number of Homes For Sale

Jul 2022Aug 2022%
1310-23.1%

Homes For Sale By Bedroom Count

# BEDSJul 2022Aug 2022%
1 00
0.0%
2 22
0.0%
3 77
0.0%
4 30
-100.0%
5+ 11
0.0%

Number of Homes Sold

Jul 2022Aug 2022%
23+50.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

0 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Ravenswood, you could pay more than the asking price. 66.7% of homes here sold above asking price last month.

Average Sale Time

Aug 2021Aug 2022%
28 Days4 Days-84.5%

Breakdown of Home Sale Times

3 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

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

About Ravenswood, WV

Homes for sale in Ravenswood, WV have reached 10. The number of homes for sale in Ravenswood, WV decreased by 23.1% between July 2022 and August 2022. Listings spent 4 days on the market in August 2022, and had a median list price of $130,000 during the same period. Between July 2022 and August 2022, listing prices of homes in this real estate market have seen the following changes: 1 bedroom properties prices increased by 0%, prices of 2 bedrooms properties increased by 151.4%, prices of 3 bedrooms properties increased by 1.2%, prices of 4 bedrooms properties remained the same, the cost of 5 bedrooms properties went up by 94.3%. The following changes in the number of homes for sale were observed in this housing market: number of 1 bedroom homes remained the same, the quantity of 2 bedrooms homes have not changed, number of 3 bedrooms homes remained the same, the quantity of 4 bedrooms homes went down by 100%, the quantity of 5 bedrooms homes have not changed. While more than 2 listings in Ravenswood, WV in August 2022 were sold above asking price, there were more than 0 listings sold at asking price, and more than 1 were sold below.

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