$7,599 Closing Credit*
$639,900
2,344 SqFt
4 Beds
•1 Full Bath, 1 Partial
Listing Office: Keller Williams Classic Realty
Is Oak Grove, MN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 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, MN
How much do homes in Oak Grove, MN cost?
Median Sold Price
$475,000
$215/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$25,000(+5.6%)
Key Takeaway
Homes in Oak Grove have sold for 5.6% more than they did a year ago.
Summary: The median home sold price in Oak Grove was $475,000 in November 2024, up 5.6% from last year, and the median price per square foot was $215.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $332K | $260K | -21.7% |
| 3 Bedrooms | $408.5K | $404.2K | -1.0% |
| 4 Bedrooms | $509.2K | $514.9K | +1.1% |
| 5+ Bedrooms | $495K | $500K | +1.0% |
Summary: Oak Grove housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 21.7%, 3 bedroom homes decreased by 1%, 4 bedroom homes increased by 1.1%, and 5+ bedroom homes increased by 1%.
Median Sold Price Compared To Nearby Cities
| East Bethel | $383K | $418.7K | +9.3% |
| Oak Grove | $450K | $475K | +5.6% |
| Saint Francis | $339.8K | $358K | +5.3% |
| Andover | $439.7K | $450.8K | +2.5% |
| Cedar | $435K | $440.5K | +1.3% |
Housing Supply in Oak Grove, MN
How many homes are available in Oak Grove, MN?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 44 | 43 | -2.3% |
Summary: The Oak Grove real estate market had 43 homes for sale in November 2024, a 2.3% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 5 | 3 | -40.0% |
| 3 Bedrooms | 13 | 16 | +23.1% |
| 4 Bedrooms | 22 | 21 | -4.5% |
| 5+ Bedrooms | 4 | 3 | -25.0% |
Summary: The Oak Grove housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 40%, 3 bedroom homes increased by 23.1%, 4 bedroom homes decreased by 4.5%, and 5+ bedroom homes decreased by 25%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 8 | 12 | +50.0% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
2 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. 50% of homes here sold below asking price last month.
Summary: A total of 12 homes were sold or pending in Oak Grove in November 2024, up by 50.0% month-over-month. Of the 12 sold homes, 50% were sold under asking, 33% were sold at asking, and 17% were sold over asking.
Days on Market for Oak Grove, MN
How long does it take to sell a home in Oak Grove, MN?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 19 Days | 72 Days | +276.6% |
Summary: Homes in Oak Grove had an average of 72 days on market in Nov 2024, up by 276.6% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
4 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 November 2024, 12 homes were sold in Oak Grove; 50% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.
