Is Oak Grove, MO 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 April 2023

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.

Housing Prices in Oak Grove, MO

How much do homes in Oak Grove, MO cost?

Median Sold Price

$199,000

$161/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2023

+$19,000(+10.6%)

Key Takeaway

Homes in Oak Grove have sold for 10.6% more than they did a year ago.

Summary: The median home sold price in Oak Grove was $199,000 in April 2024, up 10.6% from last year, and the median price per square foot was $161.

Median Sold Price By Bedroom Count

# BEDSApr 2023Apr 2024CHANGE
1 --
N/A
2 $149K$165K
+10.7%
3 $189K$200.2K
+6.0%
4 $200K$249.5K
+24.8%
5+ $246.5K$272.5K
+10.5%

Summary: Oak Grove 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 10.7%, 3 bedroom homes increased by 6%, 4 bedroom homes increased by 24.8%, and 5+ bedroom homes increased by 10.5%.

Median Sold Price Compared To Nearby Neighborhoods

Oak Grove
+10.6%
Southeast Springfield / Brentwood
+2.2%
Bingham
0.0%
Delaware
-4.4%

Housing Supply in Oak Grove, MO

How many homes are available in Oak Grove, MO?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
1518+20.0%

Summary: The Oak Grove real estate market had 18 homes for sale in April 2024, a 20.0% increase compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 00
0.0%
2 22
0.0%
3 1015
+50.0%
4 31
-66.7%
5+ 00
0.0%

Summary: The Oak Grove 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 remained the same, 3 bedroom homes increased by 50%, 4 bedroom homes decreased by 66.7%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
52-60.0%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Oak Grove, expect to pay close to the asking price. 100% of homes here sold near the asking price last month.

Summary: A total of 2 homes were sold or pending in Oak Grove in April 2024, down by 60.0% month-over-month. Of the 2 sold homes, 0% were sold under asking, 100% were sold at asking, and 0% were sold over asking.

Days on Market for Oak Grove, MO

How long does it take to sell a home in Oak Grove, MO?

Average Sale Time

Apr 2023Apr 2024CHANGE
34 Days0 Days-98.5%

Summary: Homes in Oak Grove had an average of 0 days on market in Apr 2024, down by 98.5% compared to last year.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were 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.

Summary: During April 2024, 2 homes were sold in Oak Grove; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.

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

Report Updated 1 Day Ago

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