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 April 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
$214,250
$181/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Oak Grove-Pembroke was $214,250 in April 2024, up 15.4% from last year, and the median price per square foot was $181.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $59.4K | N/A |
2 Bedrooms | $137.2K | $155K | +13.0% |
3 Bedrooms | $185.7K | $215K | +15.8% |
4 Bedrooms | $275K | $269K | -2.2% |
5+ Bedrooms | - | - | N/A |
Summary: Oak Grove-Pembroke housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 13%, 3 bedroom homes increased by 15.8%, 4 bedroom homes decreased by 2.2%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
Oak Grove | $186.7K | $219.5K | +17.5% |
Oak Grove-Pembroke | $185.7K | $214.2K | +15.4% |
Hopkinsville | $195K | $215.7K | +10.6% |
Housing Supply in Oak Grove-Pembroke, KY
How many homes are available in Oak Grove-Pembroke, KY?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
55 | 46 | -16.4% |
Summary: The Oak Grove-Pembroke real estate market had 46 homes for sale in April 2024, a 16.4% decrease compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 2 | 3 | +50.0% |
3 Bedrooms | 49 | 38 | -22.4% |
4 Bedrooms | 3 | 4 | +33.3% |
5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Oak Grove-Pembroke housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 50%, 3 bedroom homes decreased by 22.4%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
18 | 13 | -27.8% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
6 Homes Were Sold
Over Asking
Summary: A total of 13 homes were sold or pending in Oak Grove-Pembroke in April 2024, down by 27.8% month-over-month. Of the 12 sold homes, 42% were sold under asking, 8% were sold at asking, and 50% 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
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
28 Days | 34 Days | +24.7% |
Summary: Homes in Oak Grove-Pembroke had an average of 34 days on market in Apr 2024, up by 24.7% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During April 2024, 13 homes were sold in Oak Grove-Pembroke; 69% of homes were sold within 30 days, 8% of homes were sold within 30 to 90 days, and 23% of homes were sold over 90 days.