$2,553 Closing Credit*
$215,000
1,352 SqFt
3 Beds
•1 Full Bath
Greg Keirsey, Listing Office: Solid Rock REALTORS
Is Locust Grove, OK a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, Locust Grove was a Seller's Market.
Key Takeaway
Locust Grove is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Locust Grove, OK
How much do homes in Locust Grove, OK cost?
Median Sold Price
$198,600
$125/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$23,650(+13.5%)
Key Takeaway
Homes in Locust Grove have sold for 13.5% more than they did a year ago.
Summary: The median home sold price in Locust Grove was $198,600 in November 2024, up 13.5% from last year, and the median price per square foot was $125.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $313.5K | $110K | -64.9% |
| 2 Bedrooms | $100.5K | $127.5K | +26.9% |
| 3 Bedrooms | $174.9K | $206.2K | +17.9% |
| 4 Bedrooms | $234K | $207.5K | -11.3% |
| 5+ Bedrooms | $437K | $300K | -31.4% |
Summary: Locust Grove housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 64.9%, 2 bedroom homes increased by 26.9%, 3 bedroom homes increased by 17.9%, 4 bedroom homes decreased by 11.3%, and 5+ bedroom homes decreased by 31.4%.
Housing Supply in Locust Grove, OK
How many homes are available in Locust Grove, OK?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 21 | 21 | 0.0% |
Summary: The Locust Grove real estate market had 21 homes for sale in November 2024, the same as October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 1 | +100.0% |
| 2 Bedrooms | 3 | 3 | 0.0% |
| 3 Bedrooms | 16 | 16 | 0.0% |
| 4 Bedrooms | 1 | 1 | 0.0% |
| 5+ Bedrooms | 1 | 0 | -100.0% |
Summary: The Locust 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 remained the same, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 100%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 6 | 3 | -50.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Locust Grove, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.
Summary: A total of 3 homes were sold or pending in Locust Grove in November 2024, down by 50.0% month-over-month. Of the 3 sold homes, 67% were sold under asking, 33% were sold at asking, and 0% were sold over asking.
Days on Market for Locust Grove, OK
How long does it take to sell a home in Locust Grove, OK?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 88 Days | 27 Days | -69.2% |
Summary: Homes in Locust Grove had an average of 27 days on market in Nov 2024, down by 69.2% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Locust Grove are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 3 homes were sold in Locust Grove; 67% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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.