Is Grove, OK a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Grove is a seller's market

Buyer's
Market

Difference Since March 2023

Since last year, Grove has remained a Seller's Market.

Key Takeaway

Grove is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

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

+$5,250(+1.8%)

Key Takeaway

Homes in Grove have sold for 1.8% more than they did a year ago.

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

# BEDSMar 2023Mar 2024CHANGE
1 $146K$275K
+88.4%
2 $356.4K$239.5K
-32.8%
3 $198K$293.7K
+48.4%
4 $482.5K$315K
-34.7%
5+ $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 2024Mar 2024CHANGE
2422-8.3%

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

# BEDSFeb 2024Mar 2024CHANGE
1 21
-50.0%
2 56
+20.0%
3 109
-10.0%
4 44
0.0%
5+ 32
-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 2024Mar 2024CHANGE
15+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

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Grove, you may be able to get a good deal. 80% of homes here sold below asking price last month.

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 2023Mar 2024CHANGE
122 Days39 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

Breakdown of Home Sale Times

Key Takeaway

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

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.

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

Report Updated 28 Days Ago

Newest Listings in Grove, OK

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