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Is Ravenna, KY 40472 a buyer’s or seller’s market?

Seller’s market 3 months ending August 31, 2026 · Source: Redfin

Ravenna is a seller’s market. With about 3.2 months of supply and 33% of recent sales closing above the original list price, competing offers are common on well-priced homes. Buyers here often have a pre-approval in hand and a plan for the appraisal gap before touring.

Months of supply3.2Under 4 months = seller’s market
Sold above original list33.3%Share of sales, last 3 months
Median sale-to-list118%Sold price ÷ list price
Median days on market68Listing to accepted offer
Median price per sq ft$123▲ +0.1% vs. last year

The Ravenna housing market right now

In the three months ending August 31, 2026, 33% of homes in Ravenna, KY 40472 sold above their list price, the typical home went under contract in 68 days and there were 3.2 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. With only 3 sales, these figures can swing a lot from month to month.

Compared with the same period a year earlier, the share selling over asking fell from 50%, homes sold more slowly (15 days then) and the median sale price rose 14% to $192,417. Overall, Ravenna is less competitive than a year ago, which gives buyers more room.

Run the numbers for 40472

Prefilled for 40472Can I win this house?Multiple-offer likelihood for a listing Prefilled for 40472Over-asking calculatorTypical range over list ToolOffer strength scoreHow your offer looks to a seller ToolAppraisal gapCash needed if it appraises low

Nearby markets

Irvine 40336Balanced $125 /sq ft Browse all markets →

Towns like Ravenna nearby

Find towns like Ravenna in other states →
Frenchburg, KY40322 · 25 miles away76% similarpricier homes ($37K more) · larger Wellington, KY40387 · 33 miles away72% similarlarger · more homeowners Brodhead, KY40409 · 34 miles away66% similarlarger · younger residents Clay City, KY40312 · 11 miles away65% similarpricier homes ($43K more) · larger

Where Ravenna is

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Questions about Ravenna real estate

Is Ravenna a buyer’s or seller’s market?

A seller’s market: there were 3.2 months of supply in Ravenna, KY 40472 in the three months ending August 31, 2026. Under four months usually favors sellers, and more than six favors buyers.

How fast do homes sell in Ravenna?

The typical home went under contract in 68 days in the latest three months.

Do homes in Ravenna sell over asking?

33% of homes sold above their original list price, and the typical sale closed at 118.0% of the list price.

What are property taxes in Ravenna?

About 0.67% of a home’s value a year in Estill County, or roughly $2,680 on a $400,000 home.

What is the median home price in Ravenna?

The median sale price was $192,417 in the three months ending August 31, 2026, about $123 per square foot.

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Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology