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Ravenna Housing Market Report June 2025•Portage County, Ohio

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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?

Housing Market Conditions

This is the supply and demand for houses in an area based on home prices and trends.

Buyer’s Market

A buyer’s market occurs when the number of available properties for sale exceeds the number of buyers looking to purchase. In a buyer’s market, the supply exceeds the demand.

Neutral Market

A neutral market occurs when the number of buyers looking to purchase properties meets the number of available properties for sale. In a balanced market, there are enough homes to meet the demand.

Seller’s Market

A seller’s market occurs when there are more buyers looking to purchase properties than there are available homes on the market. In a seller’s market, the demand exceeds the supply.

Seller'sMarket

Buyer'sMarket

Ravenna is a Seller's Market

Difference Since June 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

Median Sold Price
This is the middle price for which all homes in the area were sold. Half of all the homes sold were below this price, and half were above.
$215,500$129/SqFt
+$29,500
+15.9%

Based on all homes sold in the last 12 months

Insight

Homes in Ravenna have sold for 15.9% more than they did a year ago.

Summary: The median home sold price in Ravenna was $215,500 in June 2025, up 15.9% from last year, and the median price per square foot was $129.

Median Sold Price By Cities

Median Sold Price By Cities
This is the middle price for which all homes in the area were sold compared to surrounding cities. Half of all the homes sold were below this price, and half were above.
CityChange YoY
Ravenna Township
+15.9%
Ravenna
+15.9%

Median Sold Price By Bedrooms

Median Sold Price By Bedrooms
This is the middle price for all homes actively listed in an area broken out by the number of bedrooms. Half of the homes are listed below this price, and half are above.
BedsJun 2024Jun 2025Change YoY
1$104.3K-
N/A
2$123K$131K
+6.5%
3$191K$215.5K
+12.8%
4$239.9K$290K
+20.9%
5$180K$243K
+35.0%

Summary: Ravenna housing price by bedroom type for June 2025, compared to the previous year. The home price for 1 bedroom homes did not change. The home price for 2 bedroom homes increased by +6.5%. The home price for 3 bedroom homes increased by +12.8%. The home price for 4 bedroom homes increased by +20.9%. The home price for 5 bedroom homes increased by +35.0%.

How does Ravenna, OH compare with other places?

Market comparison tool

Data and numbers shown are subject to change and may vary based on different timeframes.

Ravenna, OH

Housing supply in Ravenna, OH

How many homes are available in Ravenna, OH?

Number of Homes For Sale

Number of Homes For Sale
This is the total number of homes actively listed in an area.
Last Month2 months agoChange MoM
102Last MonthJun 2025
922 months agoMay 2025
+10.9 %
Change MoMMay – Jun

Summary: The Ravenna real estate market had 102 homes for sale in Jun 2025, a 10.9 % increase compared to May 2025.

Number of Homes Sold

Number of Homes Sold
This is the total number of both homes sold and pending in an area.
Last Month2 months agoChange MoM
28Last MonthJun 2025
242 months agoMay 2025
+16.7 %
Change MoMMay – Jun

Homes For Sale By Bedroom Count

Homes For Sale By Bedroom Count
This is the total number of homes actively listed in an area by number of bedrooms.
BedsMay 2025Jun 2025Change MoM
100
0.0%
21415
+7.1%
35762
+8.8%
41517
+13.3%
568
+33.3%

Summary: Ravenna housing inventory by bedroom type for June 2025, compared to the previous month. The inventory for 1 bedroom homes remained the same. The inventory for 2 bedroom homes increased by +7.1%. The inventory for 3 bedroom homes increased by +8.8%. The inventory for 4 bedroom homes increased by +13.3%. The inventory for 5 bedroom homes increased by +33.3%.

Asking Price vs. Sold Price

How much do homes in Ravenna, OH cost?

Asking Price vs. Sold Price

The asking price is how much a home is listed for. The selling price is how much the home actually sold for.

Under Asking

Homes that sold for less than the asking price

At Asking

Homes that sold at their asking price

Over Asking

Homes that sold above the asking price

Over Asking Price16 Homes

At Asking Price5 Homes

Under Asking Price7 Homes

Insight

If you're buying a home in Ravenna, you could pay more than the asking price. 57.1% of homes here sold above asking price last month.

Summary: A total of 28 homes were sold or pending in Ravenna in June 2025, up by 16.7% month-over-month. Of the 28 sold homes, 25% were sold under asking, 18% were sold at asking, and and 57% 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 Days19 Homes

30 – 90 Days8 Homes

Over 90 Days1 Home

Insight

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

Summary: During June 2025, 28 homes were sold in Ravenna; 68% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 4% of homes were sold over 90 days.

Average Sale Time

Average Sale Time
This is the average number of days homes take to sell in an area.
This Year1 year agoChange YoY
23 DaysThis YearJun 2025
27 Days1 year agoJun 2024
-13.5 %
Change YoYJun 2024 – Jun 2025

Summary: Homes in Ravenna had an average listing age of 23 days in Jun 2025, down by 13.5% compared to the previous year.

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Newest Listings in Ravenna, OH

What homes are available in Ravenna, OH?

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Nearby markets

Popular Cities with Homes for Sale in Ohio

MLS Disclaimers and Copyright

Based on information from MLS Now, for the period 07/01/2023 - 07/01/2025

IDXCopyright 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: 7/7/2025, 7:45:31 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.