Is Oak Grove, KY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Oak Grove has remained a Seller's Market.
Housing Prices in Oak Grove, KY
How much do homes in Oak Grove, KY cost?
Median Sold Price
$219,500
$180/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Oak Grove was $219,500 in April 2024, up 17.5% from last year, and the median price per square foot was $180.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $130K | $155K | +19.2% |
3 Bedrooms | $188K | $219K | +16.5% |
4 Bedrooms | $237.5K | $265K | +11.6% |
5+ Bedrooms | - | $267.4K | N/A |
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 19.2%, 3 bedroom homes increased by 16.5%, 4 bedroom homes increased by 11.6%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
Oak Grove | $186.7K | $219.5K | +17.5% |
Oak Grove-Pembroke | $185.7K | $214.2K | +15.4% |
Hopkinsville | $195K | $215.7K | +10.6% |
Housing Supply in Oak Grove, KY
How many homes are available in Oak Grove, KY?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
55 | 45 | -18.2% |
Summary: The Oak Grove real estate market had 45 homes for sale in April 2024, a 18.2% decrease compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 2 | 3 | +50.0% |
3 Bedrooms | 50 | 38 | -24.0% |
4 Bedrooms | 3 | 4 | +33.3% |
5+ Bedrooms | 0 | 0 | 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 increased by 50%, 3 bedroom homes decreased by 24%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
18 | 12 | -33.3% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
6 Homes Were Sold
Over Asking
Summary: A total of 12 homes were sold or pending in Oak Grove in April 2024, down by 33.3% month-over-month. Of the 12 sold homes, 42% were sold under asking, 8% were sold at asking, and 50% were sold over asking.
Days on Market for Oak Grove, KY
How long does it take to sell a home in Oak Grove, KY?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
16 Days | 35 Days | +120.6% |
Summary: Homes in Oak Grove had an average of 35 days on market in Apr 2024, up by 120.6% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During April 2024, 12 homes were sold in Oak Grove; 67% of homes were sold within 30 days, 8% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.