Is Ravenna Township, MI 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, Ravenna Township has remained a Seller's Market.
Housing Prices in Ravenna Township, MI
How much do homes in Ravenna Township, MI cost?
Median Sold Price
$262,000
$195/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Ravenna Township was $262,000 in April 2024, up 3.1% from last year, and the median price per square foot was $195.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $167.5K | - | N/A |
2 Bedrooms | $239K | $259.9K | +8.7% |
3 Bedrooms | $235K | $228.7K | -2.7% |
4 Bedrooms | $290K | $300K | +3.4% |
5+ Bedrooms | $331K | $280K | -15.4% |
Summary: Ravenna Township 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 increased by 8.7%, 3 bedroom homes decreased by 2.7%, 4 bedroom homes increased by 3.4%, and 5+ bedroom homes decreased by 15.4%.
Median Sold Price Compared To Nearby Cities
Ravenna | $247.2K | $262K | +6.0% |
Ravenna Township | $254K | $262K | +3.1% |
Sullivan Township | $255K | $250K | -2.0% |
Housing Supply in Ravenna Township, MI
How many homes are available in Ravenna Township, MI?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
14 | 13 | -7.1% |
Summary: The Ravenna Township real estate market had 13 homes for sale in April 2024, a 7.1% decrease 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 | 2 | 0 | -100.0% |
3 Bedrooms | 7 | 9 | +28.6% |
4 Bedrooms | 4 | 3 | -25.0% |
5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Ravenna Township 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 decreased by 100%, 3 bedroom homes increased by 28.6%, 4 bedroom homes decreased by 25%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
4 | 3 | -25.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 3 homes were sold or pending in Ravenna Township in April 2024, down by 25.0% month-over-month. Of the 3 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Ravenna Township, MI
How long does it take to sell a home in Ravenna Township, MI?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
15 Days | 5 Days | -62.2% |
Summary: Homes in Ravenna Township had an average of 5 days on market in Apr 2024, down by 62.2% compared to last year.
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
Summary: During April 2024, 3 homes were sold in Ravenna Township; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.