Is Ravenel, SC 29470 a buyer’s or seller’s market?

The Ravenel housing market right now

In the three months ending August 31, 2026, 6% of homes in Ravenel, SC 29470 sold above their list price, the typical home went under contract in 80 days and there were 3.5 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 82 home sales.

Compared with the same period a year earlier, the share selling over asking fell from 13%, homes sold more slowly (54 days then) and the median sale price fell 6% to $398,028. Overall, Ravenel is less competitive than a year ago, which gives buyers more room.

Within Charleston County, homes here sell more slowly than in 67% of the county’s ZIP codes, and sell less often over asking than in 67%. On our competition score, Ravenel ranks #88 of 191 SC ZIP codes with enough sales (score 30 out of 100).

Nearby, buyers who want less competition could look at Wadmalaw Island 29487 (0% sold over asking) or Sullivans Island 29482 (0% sold over asking), while Charleston 29407 (17% sold over asking) and Awendaw 29429 (17% sold over asking) are even more competitive.