Is Oak Grove-Pembroke, KY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Oak Grove-Pembroke has remained a Seller's Market.
Housing Prices in Oak Grove-Pembroke, KY
How much do homes in Oak Grove-Pembroke, KY cost?
Median Sold Price
$212,000
$185/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Oak Grove-Pembroke was $212,000 in May 2024, up 11.6% from last year, and the median price per square foot was $185.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $59.4K | N/A |
2 Bedrooms | $144.4K | $155K | +7.3% |
3 Bedrooms | $189.9K | $215K | +13.2% |
4 Bedrooms | $337K | $262K | -22.3% |
5+ Bedrooms | - | - | N/A |
Summary: Oak Grove-Pembroke housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 7.3%, 3 bedroom homes increased by 13.2%, 4 bedroom homes decreased by 22.3%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
Oak Grove | $190K | $218K | +14.7% |
Oak Grove-Pembroke | $189.9K | $212K | +11.6% |
Hopkinsville | $199.7K | $215K | +7.7% |
Housing Supply in Oak Grove-Pembroke, KY
How many homes are available in Oak Grove-Pembroke, KY?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
49 | 56 | +14.3% |
Summary: The Oak Grove-Pembroke real estate market had 56 homes for sale in May 2024, a 14.3% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 0 | -100.0% |
2 Bedrooms | 3 | 5 | +66.7% |
3 Bedrooms | 41 | 48 | +17.1% |
4 Bedrooms | 4 | 3 | -25.0% |
5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Oak Grove-Pembroke housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes increased by 66.7%, 3 bedroom homes increased by 17.1%, 4 bedroom homes decreased by 25%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
15 | 10 | -33.3% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
6 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 10 homes were sold or pending in Oak Grove-Pembroke in May 2024, down by 33.3% month-over-month. Of the 9 sold homes, 11% were sold under asking, 67% were sold at asking, and 22% were sold over asking.
Days on Market for Oak Grove-Pembroke, KY
How long does it take to sell a home in Oak Grove-Pembroke, KY?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
2 Days | 14 Days | +451.0% |
Summary: Homes in Oak Grove-Pembroke had an average of 14 days on market in May 2024, up by 451% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During May 2024, 10 homes were sold in Oak Grove-Pembroke; 70% of homes were sold within 30 days, 10% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.