Is Oak Grove, KY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Oak Grove has remained a Seller'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, KY
How much do homes in Oak Grove, KY cost?
Median Sold Price
$218,000
$183/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Oak Grove have sold for 14.7% more than they did a year ago.
Summary: The median home sold price in Oak Grove was $218,000 in May 2024, up 14.7% from last year, and the median price per square foot was $183.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $137.2K | $155K | +13.0% |
| 3 Bedrooms | $190K | $217K | +14.2% |
| 4 Bedrooms | $275K | $265K | -3.6% |
| 5+ Bedrooms | - | $267.4K | N/A |
Summary: Oak Grove housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 13%, 3 bedroom homes increased by 14.2%, 4 bedroom homes decreased by 3.6%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Oak Grove | $190K | $218K | +14.7% |
| Oak Grove-Pembroke | $189.9K | $212K | +11.6% |
| Hopkinsville | $199.7K | $215K | +7.7% |
Housing Supply in Oak Grove, KY
How many homes are available in Oak Grove, KY?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 50 | 59 | +18.0% |
Summary: The Oak Grove real estate market had 59 homes for sale in May 2024, a 18.0% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 3 | 5 | +66.7% |
| 3 Bedrooms | 42 | 49 | +16.7% |
| 4 Bedrooms | 5 | 5 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Oak Grove housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 66.7%, 3 bedroom homes increased by 16.7%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 14 | 12 | -14.3% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
6 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Oak Grove, expect to pay close to the asking price. 54.5% of homes here sold near the asking price last month.
Summary: A total of 12 homes were sold or pending in Oak Grove in May 2024, down by 14.3% month-over-month. Of the 11 sold homes, 9% were sold under asking, 55% were sold at asking, and 36% were sold over asking.
Days on Market for Oak Grove, KY
How long does it take to sell a home in Oak Grove, KY?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 3 Days | 13 Days | +317.7% |
Summary: Homes in Oak Grove had an average of 13 days on market in May 2024, up by 317.7% compared to last year.
Breakdown of Home Sale Times
9 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 Oak Grove are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 12 homes were sold in Oak Grove; 75% of homes were sold within 30 days, 8% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
Listings courtesy of RealTracs Middle Tennessee Regional MLS as distributed by MLS GRID.
© 2024 of the REALTRACS MLS. All rights Reserved. 
Disclaimer: All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Listings displayed are the property of the Western Kentucky Regional MLS (WKMLS) and provided here for consumer's personal, non-commercial use, and may not be used for any purposes other than to identify prospective properties consumers may be interested in purchasing. Each potential buyer is responsible for conducting his or her own independent inspections,investigations, measurements, inquiries and due diligence concerning the property. Although all information contained herein is believed to be accurate, the Real Estate Broker and the Seller of the property make no warranty or guarantee, actual or implied. Copyright 2024 Western Kentucky Regional MLS, Inc.