Ravenswood is a residential neighborhood in Elizabethtown, situated near Bewley Hollow Road, Ravenswood Drive, and Mill Creek. Properties in the surrounding 42701 area feature a median estimated home value of around $299,000 to $300,370, alongside a median list price of $340,000, with single-family, 3-bedroom residences making up the primary housing stock and maintaining a 63% homeownership rate. Backed by strong community demographics—including a median household income of $67,508 and average commute times under 30 minutes for over 73% of local workers—residents enjoy stable economic conditions and convenient access to key regional employers across manufacturing, healthcare, and retail sectors.
Latest Market Update
As of August 2026, the real estate market in the Ravenswood neighborhood reflects a competitive seller’s market environment supported by a 4.28-month supply of inventory. Across the broader 42701 ZIP code, median estimated property values reached $300,370 (up 1.5% year-over-year) with a median list price of $339,900 and a median sold price of $319,900. Within the Ravenswood neighborhood specifically, recent high-end market activity was highlighted by the sale of a 5-bedroom, 6-bathroom estate at 224 Ravenswood Dr, which closed on July 2, 2026, for $1,000,000 ($127 per square foot) on a 9.58-acre lot.