The median sale price of a home in Ravenswood was $542K last month, up 3.1% since last year. The median sale price per square foot in Ravenswood is $307, down 7.8% since last year.
What is the housing market like in Ravenswood today?
In May 2024, Ravenswood home prices were up 3.1% compared to last year, selling for a median price of $542K. On average, homes in Ravenswood sell after 36 days on the market compared to 44 days last year. There were 109 homes sold in May this year, down from 133 last year.
All Home Types
Median Sale PriceAll Home Types
Median Sale Price
(All Home Types)
$541,500
+3.1% YoY | May 2024
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
May 2024
Growth
% YoY
Ravenswood, IL
$541,500
+3.1%
United States
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How hot is the Ravenswood housing market?
Learn what it takes to have a winning offer
All Home Types
Sale-to-List PriceAll Home Types
Sale-to-List Price
(All Home Types)
103.2%
+2.4 pt YoY | May 2024
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
May 2024
Growth
% YoY
Ravenswood, IL
103.2%
+2.4 pt
United States
Home offer insights for Ravenswood
Explore recent offers and recently sold homes in Ravenswood
Recent offers
Offer Not Accepted|
9 Weeks Ago
~$325K Offer
Sold for $375K
2bd | 1ba | —sqft
Over List Price
5%
Days on Market
29
Competing Offers
20
Down Payment
<10%
Marzena Frausto
Ravenswood Redfin Agent
We submitted 17,500 over asking with 5% earnest money, As-Is (no credit for repairs/inspection items) and sellers preferred closing date. Buyer had 5% down, conventional loan.
# of offers was not disclosed until after they selected an offer. They received 20 offers total!!! No parking with this unit. List price was under market for the area, but over other sold units in the building. Unit was fully finished. No escalation clause were allowed. …
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Climate's impact on Ravenswood housing
Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that
could impact homes in Ravenswood.
Risk Factor
Flood Factor - Minor
30% of properties are at risk of severe flooding over the next 30 years
Flood Factor
Ravenswood has a minor risk of flooding. 350 properties in Ravenswood are likely to be
severely affected
by flooding over the next 30 years. This represents 30% of all properties in Ravenswood. Flood risk is increasing faster than the national average.