Is Lone 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, Lone Grove has remained a Seller's Market.
Key Takeaway
Lone Grove is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Lone Grove, OK
How much do homes in Lone Grove, OK cost?
Median Sold Price
$275,000
$150/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Lone Grove have sold for 34.1% more than they did a year ago.
Summary: The median home sold price in Lone Grove was $275,000 in March 2024, up 34.1% from last year, and the median price per square foot was $150.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $140K | $229K | +63.6% |
| 3 Bedrooms | $200.5K | $277.5K | +38.4% |
| 4 Bedrooms | $294.9K | $237.5K | -19.5% |
| 5+ Bedrooms | $1.2M | $375K | -68.8% |
Summary: Lone Grove 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 63.6%, 3 bedroom homes increased by 38.4%, 4 bedroom homes decreased by 19.5%, and 5+ bedroom homes decreased by 68.8%.
Median Sold Price Compared To Nearby Cities
| Lone Grove | $205K | $275K | +34.1% |
| Ardmore | $156.3K | $191K | +22.2% |
Housing Supply in Lone Grove, OK
How many homes are available in Lone Grove, OK?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 29 | 26 | -10.3% |
Summary: The Lone Grove real estate market had 26 homes for sale in March 2024, a 10.3% decrease compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 1 | 2 | +100.0% |
| 3 Bedrooms | 20 | 14 | -30.0% |
| 4 Bedrooms | 6 | 8 | +33.3% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Lone Grove 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 increased by 100%, 3 bedroom homes decreased by 30%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 6 | 6 | 0.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Lone Grove, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.
Summary: A total of 6 homes were sold or pending in Lone Grove in March 2024, the same as the previous month. Of the 6 sold homes, 67% were sold under asking, 17% were sold at asking, and 17% were sold over asking.
Days on Market for Lone Grove, OK
How long does it take to sell a home in Lone Grove, OK?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 78 Days | 39 Days | -49.5% |
Summary: Homes in Lone Grove had an average of 39 days on market in Mar 2024, down by 49.5% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Lone Grove are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 6 homes were sold in Lone Grove; 67% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.
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