Is Oak Grove, WI a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Oak Grove is a seller's market

Buyer's
Market

Difference Since Last Month

Last month, Oak Grove was a Buyer'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, WI

How much do homes in Oak Grove, WI cost?

Median Sold Price

$650,000

$262/sqft

Based on all homes sold in October 2024.

Difference Since Last Month

+$50,000(+8.3%)

Key Takeaway

Homes in Oak Grove have sold for 8.3% more than they did a month ago.

Summary: The median home sold price in Oak Grove was $650,000 in October 2024, up 8.3% from last month, and the median price per square foot was $262.

Median Sold Price By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 --
N/A
2 -$650K
N/A
3 -$462.5K
N/A
4 $600K$888K
+48.0%
5+ --
N/A

Summary: Oak Grove housing prices by bedroom type for October 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes did not change, 4 bedroom homes increased by 48%, and 5+ bedroom homes did not change.

Housing Supply in Oak Grove, WI

How many homes are available in Oak Grove, WI?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
2124+14.3%

Summary: The Oak Grove real estate market had 24 homes for sale in October 2024, a 14.3% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 46
+50.0%
3 57
+40.0%
4 1110
-9.1%
5+ 11
0.0%

Summary: The Oak 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 50%, 3 bedroom homes increased by 40%, 4 bedroom homes decreased by 9.1%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
15+400.0%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Oak Grove, you may be able to get a good deal. 80% of homes here sold below asking price last month.

Summary: A total of 5 homes were sold or pending in Oak Grove in October 2024, up by 400.0% month-over-month. Of the 5 sold homes, 80% were sold under asking, 20% were sold at asking, and 0% were sold over asking.

Days on Market for Oak Grove, WI

How long does it take to sell a home in Oak Grove, WI?

Average Sale Time

Sep 2024Oct 2024CHANGE
96 Days59 Days-37.8%

Summary: Homes in Oak Grove had an average of 59 days on market in Oct 2024, down by 37.8% compared to last month.

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 Oak Grove are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 5 homes were sold in Oak Grove; 20% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 20% 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 16 Days Ago

Newest Listings in Oak Grove, WI

Nearby Markets to Oak Grove, WI

What housing markets are near Oak Grove, WI?