Is Grove, OK 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, Grove has remained a Seller's Market.
Housing Prices in Grove, OK
How much do homes in Grove, OK cost?
Median Sold Price
$300,000
$178/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Grove was $300,000 in March 2024, up 1.8% from last year, and the median price per square foot was $178.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $146K | $275K | +88.4% |
2 Bedrooms | $356.4K | $239.5K | -32.8% |
3 Bedrooms | $198K | $293.7K | +48.4% |
4 Bedrooms | $482.5K | $315K | -34.7% |
5+ Bedrooms | $449.9K | $997.5K | +121.7% |
Summary: Grove housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 88.4%, 2 bedroom homes decreased by 32.8%, 3 bedroom homes increased by 48.4%, 4 bedroom homes decreased by 34.7%, and 5+ bedroom homes increased by 121.7%.
Housing Supply in Grove, OK
How many homes are available in Grove, OK?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
24 | 22 | -8.3% |
Summary: The Grove real estate market had 22 homes for sale in March 2024, a 8.3% decrease compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 1 | -50.0% |
2 Bedrooms | 5 | 6 | +20.0% |
3 Bedrooms | 10 | 9 | -10.0% |
4 Bedrooms | 4 | 4 | 0.0% |
5+ Bedrooms | 3 | 2 | -33.3% |
Summary: The Grove housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes increased by 20%, 3 bedroom homes decreased by 10%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 33.3%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
1 | 5 | +400.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 5 homes were sold or pending in Grove in March 2024, up by 400.0% month-over-month. Of the 5 sold homes, 80% were sold under asking, 20% were sold at asking, and 0% were sold over asking.
Days on Market for Grove, OK
How long does it take to sell a home in Grove, OK?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
122 Days | 39 Days | -68.0% |
Summary: Homes in Grove had an average of 39 days on market in Mar 2024, down by 68% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During March 2024, 5 homes were sold in Grove; 60% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.