Is Oak Grove-Pembroke, 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-Pembroke has remained a Seller's Market.
Key Takeaway
Oak Grove-Pembroke is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Oak Grove-Pembroke, KY
How much do homes in Oak Grove-Pembroke, KY cost?
Median Sold Price
$214,250
$181/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Oak Grove-Pembroke have sold for 15.4% more than they did a year ago.
Summary: The median home sold price in Oak Grove-Pembroke was $214,250 in April 2024, up 15.4% from last year, and the median price per square foot was $181.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $59.4K | N/A |
| 2 Bedrooms | $137.2K | $155K | +13.0% |
| 3 Bedrooms | $185.7K | $215K | +15.8% |
| 4 Bedrooms | $275K | $269K | -2.2% |
| 5+ Bedrooms | - | - | N/A |
Summary: Oak Grove-Pembroke 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 13%, 3 bedroom homes increased by 15.8%, 4 bedroom homes decreased by 2.2%, 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-Pembroke, KY
How many homes are available in Oak Grove-Pembroke, KY?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 55 | 46 | -16.4% |
Summary: The Oak Grove-Pembroke real estate market had 46 homes for sale in April 2024, a 16.4% decrease compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 2 | 3 | +50.0% |
| 3 Bedrooms | 49 | 38 | -22.4% |
| 4 Bedrooms | 3 | 4 | +33.3% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Oak Grove-Pembroke 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 22.4%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 18 | 13 | -27.8% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
6 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Oak Grove-Pembroke, you could pay more than the asking price. 50% of homes here sold above asking price last month.
Summary: A total of 13 homes were sold or pending in Oak Grove-Pembroke in April 2024, down by 27.8% 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-Pembroke, KY
How long does it take to sell a home in Oak Grove-Pembroke, KY?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 28 Days | 34 Days | +24.7% |
Summary: Homes in Oak Grove-Pembroke had an average of 34 days on market in Apr 2024, up by 24.7% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Oak Grove-Pembroke are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 13 homes were sold in Oak Grove-Pembroke; 69% of homes were sold within 30 days, 8% of homes were sold within 30 to 90 days, and 23% of homes were sold over 90 days.
Listings courtesy of RealTracs Middle Tennessee Regional MLS as distributed by MLS GRID.
© 2024 of the REALTRACS MLS. All rights Reserved. 
Disclaimer: All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Listings displayed are the property of the Western Kentucky Regional MLS (WKMLS) and provided here for consumer's personal, non-commercial use, and may not be used for any purposes other than to identify prospective properties consumers may be interested in purchasing. Each potential buyer is responsible for conducting his or her own independent inspections,investigations, measurements, inquiries and due diligence concerning the property. Although all information contained herein is believed to be accurate, the Real Estate Broker and the Seller of the property make no warranty or guarantee, actual or implied. Copyright 2024 Western Kentucky Regional MLS, Inc.