Is Ravenna Township, OH 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, OH
How much do homes in Ravenna Township, OH cost?
Median Sold Price
$180,000
$115/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 $180,000 in April 2024, up 7.1% from last year, and the median price per square foot was $115.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $150K | $51.8K | -65.4% |
2 Bedrooms | $105K | $120K | +14.3% |
3 Bedrooms | $175K | $185.5K | +6.0% |
4 Bedrooms | $250K | $239.9K | -4.0% |
5+ Bedrooms | $157.9K | $222.2K | +40.7% |
Summary: Ravenna Township housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 65.4%, 2 bedroom homes increased by 14.3%, 3 bedroom homes increased by 6%, 4 bedroom homes decreased by 4%, and 5+ bedroom homes increased by 40.7%.
Median Sold Price Compared To Nearby Cities
Shalersville Township | $181.5K | $216.5K | +19.3% |
Ravenna | $167.1K | $180K | +7.7% |
Ravenna Township | $168K | $180K | +7.1% |
Rootstown Township | $260.5K | $251K | -3.6% |
Housing Supply in Ravenna Township, OH
How many homes are available in Ravenna Township, OH?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
69 | 66 | -4.3% |
Summary: The Ravenna Township real estate market had 66 homes for sale in April 2024, a 4.3% 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 | 6 | 9 | +50.0% |
3 Bedrooms | 42 | 39 | -7.1% |
4 Bedrooms | 14 | 14 | 0.0% |
5+ Bedrooms | 7 | 4 | -42.9% |
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 increased by 50%, 3 bedroom homes decreased by 7.1%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 42.9%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
25 | 15 | -40.0% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 15 homes were sold or pending in Ravenna Township in April 2024, down by 40.0% month-over-month. Of the 14 sold homes, 50% were sold under asking, 29% were sold at asking, and 21% were sold over asking.
Days on Market for Ravenna Township, OH
How long does it take to sell a home in Ravenna Township, OH?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
34 Days | 30 Days | -12.7% |
Summary: Homes in Ravenna Township had an average of 30 days on market in Apr 2024, down by 12.7% compared to last year.
Breakdown of Home Sale Times
10 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During April 2024, 15 homes were sold in Ravenna Township; 67% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.