$3,432 Closing Credit*
$289,000
1,122 SqFt
2 Beds
•2 Full Baths, 1 Partial
Listing Office: Parkside Realty
Is Oak Grove, TN 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 Buyer's Market.
Key Takeaway
Oak Grove is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Oak Grove, TN
How much do homes in Oak Grove, TN cost?
Median Sold Price
$327,040
$254/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$187,040(+133.6%)
Key Takeaway
Homes in Oak Grove have sold for 133.6% more than they did a year ago.
Summary: The median home sold price in Oak Grove was $327,040 in November 2024, up 133.6% from last year, and the median price per square foot was $254.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $127K | $299.7K | +136.0% |
| 3 Bedrooms | $140K | $354.9K | +153.6% |
| 4 Bedrooms | $373.7K | $458.9K | +22.8% |
| 5+ Bedrooms | - | - | N/A |
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 increased by 136%, 3 bedroom homes increased by 153.6%, 4 bedroom homes increased by 22.8%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Neighborhoods
| Oak Grove | $140K | $327K | +133.6% |
| Highland Park | $359.9K | $385K | +7.0% |
| Ridgedale / Oak Grove / Clifton Hills | $278K | $295.6K | +6.4% |
| Bushtown / Highland Park | $255K | $260K | +2.0% |
| Ridgedale | $334K | $299K | -10.5% |
Housing Supply in Oak Grove, TN
How many homes are available in Oak Grove, TN?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 15 | 29 | +93.3% |
Summary: The Oak Grove real estate market had 29 homes for sale in November 2024, a 93.3% increase 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 | 0 | 10 | +100.0% |
| 3 Bedrooms | 13 | 18 | +38.5% |
| 4 Bedrooms | 2 | 1 | -50.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
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 increased by 100%, 3 bedroom homes increased by 38.5%, 4 bedroom homes decreased by 50%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 4 | 1 | -75.0% |
Asking Price vs. Sold Price
0 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 Oak Grove, expect to pay close to the asking price. 100% of homes here sold near the asking price last month.
Summary: A total of 1 homes were sold or pending in Oak Grove in November 2024, down by 75.0% month-over-month. Of the 1 sold homes, 0% were sold under asking, 100% were sold at asking, and 0% were sold over asking.
Days on Market for Oak Grove, TN
We’re sorry, we don't have information for this market at the moment
Listings courtesy of RealTracs Middle Tennessee Regional MLS as distributed by MLS GRID.
© 2024 of the REALTRACS MLS. All rights Reserved.