New - 2 hours on Rocket
$4,036 Closing Credit¹
#5103724, Rhonda J Moore, Listing Office: Century 21 Homestar
Ravenna Housing Market Report February 2025•Portage County, Ohio
Housing Prices in Ravenna, OH
How much do homes in Ravenna, OH cost?
Housing Market Conditions
Is Ravenna, OH a buyer’s or seller’s market?
Seller'sMarket
Buyer'sMarket
Ravenna is a Seller's Market
Difference Since February 2024
Since last year, Ravenna has remained a Seller's Market.
Insight
Ravenna is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Median Sold Price
$201,000$127/SqFt
+$26,000
+14.9%
Based on all homes sold in the last 12 months
Insight
Homes in Ravenna have sold for 14.9% more than they did a year ago.
Summary: The median home sold price in Ravenna was $201,000 in February 2025, up 14.9% from last year, and the median price per square foot was $127.
Median Sold Price By Cities
| City | Feb 2024 | Feb 2025 | Change YoY |
|---|---|---|---|
| Ravenna Township | $174.6K | $201.6K | +15.5% |
| Ravenna | $175K | $201K | +14.9% |
Median Sold Price By Bedrooms
| Beds | Feb 2024 | Feb 2025 | Change YoY |
|---|---|---|---|
| 11 Bedroom | $51.8K | $149.9K | +189.3% |
| 22 Bedrooms | $117.5K | $129.9K | +10.6% |
| 33 Bedrooms | $180K | $203K | +12.8% |
| 44 Bedrooms | $235K | $279.9K | +19.1% |
| 55+ Bedrooms | $188.5K | $230.5K | +22.3% |
Summary: Ravenna housing price by bedroom type for February 2025, compared to the previous year. The home price for 1 bedroom homes increased by +189.3%. The home price for 2 bedroom homes increased by +10.6%. The home price for 3 bedroom homes increased by +12.8%. The home price for 4 bedroom homes increased by +19.1%. The home price for 5 bedroom homes increased by +22.3%.
Housing supply in Ravenna, OH
How many homes are available in Ravenna, OH?
Number of Homes For Sale
| Last Month | 2 months ago | Change MoM |
|---|---|---|
| 61Last MonthFeb 2025 | ||
| 642 months agoJan 2025 | -4.7 % Change MoMJan – Feb |
Summary: The Ravenna real estate market had 61 homes for sale in Feb 2025, a 4.7 % decrease compared to Jan 2025.
Number of Homes Sold
| Last Month | 2 months ago | Change MoM |
|---|---|---|
| 14Last MonthFeb 2025 | ||
| 192 months agoJan 2025 | -26.3 % Change MoMJan – Feb |
Homes For Sale By Bedroom Count
| Beds | Jan 2025 | Feb 2025 | Change MoM |
|---|---|---|---|
| 11 Bedroom | 0 | 0 | 0.0% |
| 22 Bedrooms | 9 | 8 | -11.1% |
| 33 Bedrooms | 40 | 38 | -5.0% |
| 44 Bedrooms | 11 | 11 | 0.0% |
| 55+ Bedrooms | 4 | 4 | 0.0% |
Summary: Ravenna housing inventory by bedroom type for February 2025, compared to the previous month. The inventory for 1 bedroom homes remained the same. The inventory for 2 bedroom homes decreased by -11.1%. The inventory for 3 bedroom homes decreased by -5.0%. The inventory for 4 bedroom homes remained the same. The inventory for 5 bedroom homes remained the same.
Asking Price vs. Sold Price
How much do homes in Ravenna, OH cost?
Over Asking Price4 Homes
At Asking Price4 Homes
Under Asking Price5 Homes
Insight
If you're buying a home in Ravenna, you may be able to get a good deal. 38.5% of homes here sold below asking price last month.
Summary: A total of 14 homes were sold or pending in Ravenna in February 2025, down by 26.3% month-over-month. Of the 13 sold homes, 38% were sold under asking, 31% were sold at asking, and and 31% were sold over asking.
Days on Market for Ravenna, OH
How long does it take to sell a home in Ravenna, OH?
Breakdown of Home Sale Times
Under 30 Days7 Homes
30 – 90 Days5 Homes
Over 90 Days2 Homes
Insight
Many homes in Ravenna are selling fast, if you're buying plan to act quickly.
Summary: During February 2025, 14 homes were sold in Ravenna; 50% of homes were sold within 30 days, 36% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.
Average Sale Time
| This Year | 1 year ago | Change YoY |
|---|---|---|
| 51 DaysThis YearFeb 2025 | ||
| 51 Days1 year agoFeb 2024 | -1.5 % Change YoYFeb 2024 – Feb 2025 |
Summary: Homes in Ravenna had an average listing age of 51 days in Feb 2025, down by 1.5% compared to the previous year.
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Newest Listings in Ravenna, OH
What homes are available in Ravenna, OH?
New - 1 day on Rocket
$5,344 Closing Credit¹
#5103439, William T Bambrick, Listing Office: Smartland, LLC.
New - 1 day on Rocket
$2,005 Closing Credit¹
#5103494, Sarah L Taylor, Listing Office: Assure Realty
New - 4 days on Rocket
#5102998, Russell T Kiko Jr., Listing Office: Kiko
$652 Closing Credit¹
#5101486, John Traina, Listing Office: Russell Real Estate Services
$2,731 Closing Credit¹
#5101262, Jose Medina, Listing Office: Keller Williams Legacy Group Realty
$1,424 Closing Credit¹
#5100770, Valerie J Evans Coontz, Listing Office: Berkshire Hathaway HomeServices Stouffer Realty
$653 Closing Credit¹
#5097592, Tyson T Hartzler, Listing Office: Keller Williams Chervenic Rlty
$3,918 Closing Credit¹
#5100808, Abe M Abdulla, Listing Office: Realty Express
$3,858 Closing Credit¹
#5100587, Leslie Huffman, Listing Office: Coldwell Banker Schmidt Realty
Backup offers
$3,918 Closing Credit¹
#5100168, Nick Polichena, Listing Office: Berkshire Hathaway HomeServices Stouffer Realty
$7,124 Closing Credit¹
#5100032, Roxanne R Simon, Listing Office: Jack Kohl Realty
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MLS Disclaimers and Copyright
Based on information from MLS Now, for the period 03/01/2023 - 03/01/2025
Copyright 2025 MLS Now. IDX information is provided exclusively for consumers’ personal, non-commercial use and that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed to be accurate. Buyer to verify all information. The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the name of the listing broker(s). The photos may be altered, edited, enhanced or virtually staged.Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 3/4/2025, 11:20:55 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.