$1,781 Closing Credit*
$150,000
776 SqFt
2 Beds
•1 Full Bath
Debra Butts, Listing Office: Keller Williams Realty dba Debra Butts & Associate
Is Oak Grove, KY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, Oak Grove has remained a Seller's Market.
Key Takeaway
Oak Grove is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Oak Grove, KY
How much do homes in Oak Grove, KY cost?
Median Sold Price
$221,500
$188/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$16,500(+8.0%)
Key Takeaway
Homes in Oak Grove have sold for 8% more than they did a year ago.
Summary: The median home sold price in Oak Grove was $221,500 in October 2024, up 8% from last year, and the median price per square foot was $188.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $147.5K | $164.5K | +11.5% |
| 3 Bedrooms | $205K | $220K | +7.3% |
| 4 Bedrooms | $265K | $269K | +1.5% |
| 5+ Bedrooms | $210K | $324.9K | +54.7% |
Summary: Oak Grove housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 11.5%, 3 bedroom homes increased by 7.3%, 4 bedroom homes increased by 1.5%, and 5+ bedroom homes increased by 54.7%.
Median Sold Price Compared To Nearby Cities
| Hopkinsville | $189.9K | $225K | +18.5% |
| Oak Grove-Pembroke | $200K | $220K | +10.0% |
| Oak Grove | $205K | $221.5K | +8.0% |
Housing Supply in Oak Grove, KY
How many homes are available in Oak Grove, KY?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 67 | 49 | -26.9% |
Summary: The Oak Grove real estate market had 49 homes for sale in October 2024, a 26.9% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 4 | 4 | 0.0% |
| 3 Bedrooms | 57 | 39 | -31.6% |
| 4 Bedrooms | 5 | 4 | -20.0% |
| 5+ Bedrooms | 1 | 2 | +100.0% |
Summary: The Oak Grove housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 31.6%, 4 bedroom homes decreased by 20%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 23 | 13 | -43.5% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Oak Grove, you may be able to get a good deal. 46.2% of homes here sold below asking price last month.
Summary: A total of 13 homes were sold or pending in Oak Grove in October 2024, down by 43.5% month-over-month. Of the 13 sold homes, 46% were sold under asking, 31% were sold at asking, and 23% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 13 Days | 29 Days | +115.4% |
Summary: Homes in Oak Grove had an average of 29 days on market in Oct 2024, up by 115.4% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Oak Grove are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 13 homes were sold in Oak Grove; 69% of homes were sold within 30 days, 15% of homes were sold within 30 to 90 days, and 15% 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.