Is Oak Grove, MN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Oak Grove is a buyer's market

Buyer's
Market

Difference Since November 2021

At the same time last year, Oak Grove was a Seller's Market.

Key Takeaway

Oak Grove is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

How much do homes in Oak Grove, MN cost?

Median Sold Price

$490,000

$209/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2021

+$40,000(+8.9%)

Key Takeaway

Homes in Oak Grove have sold for 8.9% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSNov 2021Nov 2022%
1 --
N/A
2 $458.8K$536.9K
+17.0%
3 $410K$455.5K
+11.1%
4 $437.5K$490K
+12.0%
5+ $525K$623.5K
+18.8%

Median Sold Price Compared To Nearby Cities

Cedar
+11.5%
Saint Francis
+10.0%
Oak Grove
+8.9%
Andover
+7.3%
East Bethel
+2.7%

How many homes are available in Oak Grove, MN?

Number of Homes For Sale

Oct 2022Nov 2022%
3536+2.9%

Homes For Sale By Bedroom Count

# BEDSOct 2022Nov 2022%
1 00
0.0%
2 23
+50.0%
3 1515
0.0%
4 1414
0.0%
5+ 44
0.0%

Number of Homes Sold

Oct 2022Nov 2022%
83-62.5%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Oak Grove, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.

Average Sale Time

Nov 2021Nov 2022%
15 Days62 Days+310.1%

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Oak Grove are selling fast, if you're buying plan to act quickly.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

About Oak Grove, MN

Oak Grove, MN has 36 homes for sale to choose from. In November 2022 in Oak Grove, MN there were 2.9% more homes for sale than in October 2022. Listings spent 62 days on the market in November 2022, and had a median list price of $490,000 during the same period. This housing market listing prices have changed between October 2022 and November 2022: 1 bedroom properties prices increased by 0%, the cost of 2 bedrooms properties went up by 17%, 3 bedrooms properties prices increased by 11.1%, the cost of 4 bedrooms properties went up by 12%, 5 bedrooms properties prices increased by 18.8%. Housing inventory have changed in this real estate market: number of 1 bedroom homes remained the same, number of 2 bedrooms homes increased by 50%, volume of 3 bedrooms homes stayed the same, number of 4 bedrooms homes remained the same, the quantity of 5 bedrooms homes have not changed. Over 0 listings were sold over their listed price in November 2022 in Oak Grove, MN. In the same period over 2 listings were sold below the listed price and 1 listings were sold for the listed price.

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