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 March 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
$213,500
$180/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Oak Grove-Pembroke was $213,500 in March 2024, up 15.5% from last year, and the median price per square foot was $180.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $130K | $155K | +19.2% |
3 Bedrooms | $183.6K | $215K | +17.1% |
4 Bedrooms | $242.5K | $314.5K | +29.7% |
5+ Bedrooms | - | - | N/A |
Summary: Oak Grove-Pembroke housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 19.2%, 3 bedroom homes increased by 17.1%, 4 bedroom homes increased by 29.7%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
Pembroke | $235K | $317K | +34.9% |
Oak Grove | $185K | $218K | +17.8% |
Oak Grove-Pembroke | $184.9K | $213.5K | +15.5% |
Hopkinsville | $189.9K | $214.5K | +13.0% |
Housing Supply in Oak Grove-Pembroke, KY
How many homes are available in Oak Grove-Pembroke, KY?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
51 | 51 | 0.0% |
Summary: The Oak Grove-Pembroke real estate market had 51 homes for sale in March 2024, the same as February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 2 | 2 | 0.0% |
3 Bedrooms | 46 | 45 | -2.2% |
4 Bedrooms | 2 | 3 | +50.0% |
5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Oak Grove-Pembroke housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 2.2%, 4 bedroom homes increased by 50%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
12 | 16 | +33.3% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 16 homes were sold or pending in Oak Grove-Pembroke in March 2024, up by 33.3% month-over-month. Of the 16 sold homes, 38% were sold under asking, 44% were sold at asking, and 19% 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
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
9 Days | 58 Days | +518.5% |
Summary: Homes in Oak Grove-Pembroke had an average of 58 days on market in Mar 2024, up by 518.5% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
6 Homes Were Sold
Over 90 Days
Summary: During March 2024, 16 homes were sold in Oak Grove-Pembroke; 44% of homes were sold within 30 days, 6% of homes were sold within 30 to 90 days, and 38% of homes were sold over 90 days.