$2,672 Closing Credit*
$225,000
1,386 SqFt
2 Beds
•1 Full Bath, 1 Partial
Moriah Simmons, Listing Office: Ryon & Associates, Inc.
Is Grove, OK a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, Grove was a Seller's Market.
Key Takeaway
Grove is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Grove, OK
How much do homes in Grove, OK cost?
Median Sold Price
$285,000
$167/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$32,500(-10.2%)
Key Takeaway
Homes in Grove have sold for 10.2% less than they did a year ago.
Summary: The median home sold price in Grove was $285,000 in October 2024, down 10.2% from last year, and the median price per square foot was $167.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $146K | $250K | +71.2% |
| 2 Bedrooms | $291K | $209.7K | -27.9% |
| 3 Bedrooms | $293.7K | $270K | -8.1% |
| 4 Bedrooms | $347.5K | $675K | +94.2% |
| 5+ Bedrooms | $855.5K | $779K | -8.9% |
Summary: Grove housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 71.2%, 2 bedroom homes decreased by 27.9%, 3 bedroom homes decreased by 8.1%, 4 bedroom homes increased by 94.2%, and 5+ bedroom homes decreased by 8.9%.
Housing Supply in Grove, OK
How many homes are available in Grove, OK?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 33 | 47 | +42.4% |
Summary: The Grove real estate market had 47 homes for sale in October 2024, a 42.4% increase 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 | 8 | 10 | +25.0% |
| 3 Bedrooms | 17 | 28 | +64.7% |
| 4 Bedrooms | 5 | 7 | +40.0% |
| 5+ Bedrooms | 3 | 2 | -33.3% |
Summary: The 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 increased by 25%, 3 bedroom homes increased by 64.7%, 4 bedroom homes increased by 40%, and 5+ bedroom homes decreased by 33.3%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 3 | 4 | +33.3% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Grove, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 4 homes were sold or pending in Grove in October 2024, up by 33.3% month-over-month. Of the 4 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Grove, OK
How long does it take to sell a home in Grove, OK?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 29 Days | 26 Days | -9.5% |
Summary: Homes in Grove had an average of 26 days on market in Oct 2024, down by 9.5% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Grove are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 4 homes were sold in Grove; 50% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
Listings courtesy of Heartland Multiple Listing Service Inc. as distributed by MLS GRID.
The data relating to real estate for sale on this web page comes in part from the Internet Data Exchange (IDX) of the Southern Missouri Regional MLS, LLC, Inc. Real estate listings held by Brokerage firms other than this broker are marked with the IDX logo and detailed information about them includes the name of the listing Brokers. The information being provided is for consumers’ personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The information being provided is not guaranteed, and all information should be verified by the consumer. Any representation that a web site contains all listings shall only mean that the website contains all listing available to the public through the IDX data feed. There may be other properties offered through a REALTOR® that have not been displayed on this site. © 2024 Southern Missouri Regional MLS, LLC. All rights reserved. 
Disclaimer: IDX information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the MLS. Copyright © 2024 Northwest Arkansas Board of Realtors All rights reserved.