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Featured local agent — Ravenna, MI
Sarah Mitchell
Compass Real Estate · Ravenna, MI
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Ravenna, MI Housing Market & Real Estate
Housing market overview · Updated monthly ·
$262,500median sale price
How is the Ravenna, MI housing market right now?
The median home sale price in Ravenna, MI is $262,500, down 22.8% year-over-year. Homes sell in an average of 8 days with 3 active listings. The market is currently a strong seller's market. (Source: Redfin monthly MLS data, as of May 2026 — the most recent Redfin release; Redfin publishes each month's data on a ~6-week lag.)
Is Ravenna a buyer's or seller's market?
Ravenna, MI is currently a strong seller's market, based on 1.5 months of supply and homes selling in about 8 days. How we determine this →
Homes sold
2
Last 12 weeks
Days on market
8
Fast-moving
Active listings
3
1.5 months supply
Sale-to-list
103.5%
Above asking
What does the Ravenna housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $262,500 |
| Median list price | $314,900 |
| Year-over-year price change | -22.8% |
| Average days on market | 8 days |
| Active inventory | 3 listings |
| Months of supply | 1.5 months |
| Sale-to-list price ratio | 103.5% |
| Median price per sq ft | $224/sq ft |
| Homes sold (latest month) | 2 |
| New listings (latest month) | 5 |
| Listings with a price cut | 66.7% |
| Market condition | Strong seller's market |
Source: Redfin · Updated monthly
How much do homes cost in Ravenna by property type?
How the Ravenna, MI market breaks down across single-family homes, condos, and townhouses.
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $262,500 | $224/sq ft | 2 | 8 days |
Source: Redfin · Updated monthly
The Ravenna housing market is currently classified as a strong seller's market with a median sale price of $262,500. Prices have fallen 22.8% compared to last year, with homes spending an average of 8 days on market, indicating 1.5 months of inventory.With limited inventory, homes sell quickly and buyers should be prepared to act decisively and competitively to secure a property.The price-to-income ratio of 4.2x provides context for how home values compare to local earning capacity.
Homes for sale in Ravenna
There are currently 3 homes listed for sale in Ravenna, Michigan. The median listing price is $315K.
Active listings
3
Homes on market
Median list price
$315K
Avg. days on market
8
Days until sale
New this week
5
Newly listed
Who lives in Ravenna?
Population
1,472
Median income
$73,233/yr
Median age
34.5 years
Owner-occupied
81.6%
College grads
26.0%
Avg commute
28.9 min
Source: U.S. Census Bureau ACS
What are homes worth in Ravenna?
Zillow home value
$307,639
Price-to-income
4.2x
Source: Zillow Research
What is it like to live in Ravenna?
Ravenna is a community of approximately 1K residents with a median age of 34.5 years.The median household income is $73,233, which represents a working-class community with solid middle-income opportunities. 26.0% of residents hold a bachelor's degree or higher, showing a mixed educational demographic.
Homeownership rates are at 81.6%, reflecting strong community stability and long-term resident commitment. The average commute time is 28.9 minutes, which makes this an excellent choice for those seeking short commutes to employment centers.Overall, Ravenna offers a balanced lifestyle with accessible home values relative to local income levels.
Which public schools serve Ravenna?
3 schools tracked · 1,031 students
The largest public schools serving Ravenna, MI by enrollment, drawn from the National Center for Education Statistics. School quality is a commonly cited factor in home-buying decisions — these are the campuses families in this area are most likely to encounter.
Beechnau Elementary School
Grades PK-4 · 398 students
Ravenna High School
Grades 9-12 · 320 students
Ravenna Middle School
Grades 5-8 · 313 students
Source: National Center for Education Statistics, Common Core of Data directory. Updated annually. Ratings and test scores are not currently displayed.
Which cities are near Ravenna, MI?
Want a head-to-head view? Compare Ravenna side-by-side with any other U.S. city using our market-comparison tool.
Frequently asked questions
What is the average home price in Ravenna?
The median home sale price in Ravenna is $262,500, down 22.8% from last year.
How long do homes stay on market in Ravenna?
Homes typically spend 8 days on market before going under contract.
What is the median income in Ravenna?
The median household income is $73,233 per year.
Is Ravenna a buyer's or seller's market?
With 1.5 months of supply, Ravenna is currently a strong seller's market.
What is the Zillow home value estimate for Ravenna?
The Zillow Home Value Index (ZHVI) for Ravenna is $307,639, representing the typical home value in the area.
How much does a single-family home cost in Ravenna?
The median single-family home price in Ravenna, MI is $262,500 (about $224 per square foot).
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