Is Grove, OK a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Grove is a buyer's market

Buyer's
Market

Difference Since November 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

$280,000

$171/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

-$37,000(-11.7%)

Key Takeaway

Homes in Grove have sold for 11.7% less than they did a year ago.

Summary: The median home sold price in Grove was $280,000 in November 2024, down 11.7% from last year, and the median price per square foot was $171.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $146K$250K
+71.2%
2 $244.7K$180K
-26.5%
3 $295K$269.5K
-8.6%
4 $347.5K$675K
+94.2%
5+ $855.5K$563K
-34.2%

Summary: Grove housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 71.2%, 2 bedroom homes decreased by 26.5%, 3 bedroom homes decreased by 8.6%, 4 bedroom homes increased by 94.2%, and 5+ bedroom homes decreased by 34.2%.

Housing Supply in Grove, OK

How many homes are available in Grove, OK?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
4453+20.5%

Summary: The Grove real estate market had 53 homes for sale in November 2024, a 20.5% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 02
+100.0%
2 1012
+20.0%
3 2526
+4.0%
4 710
+42.9%
5+ 23
+50.0%

Summary: The Grove housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 20%, 3 bedroom homes increased by 4%, 4 bedroom homes increased by 42.9%, and 5+ bedroom homes increased by 50%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
440.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

2 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Grove, expect to pay close to the asking price. 66.7% of homes here sold near the asking price last month.

Summary: A total of 4 homes were sold or pending in Grove in November 2024, the same as the previous month. Of the 3 sold homes, 33% were sold under asking, 67% 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

Nov 2023Nov 2024CHANGE
33 Days81 Days+142.8%

Summary: Homes in Grove had an average of 81 days on market in Nov 2024, up by 142.8% compared to last year.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Grove are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 4 homes were sold in Grove; 25% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 17 Days Ago

Newest Listings in Grove, OK

Nearby Markets to Grove, OK