Oak Grove, AL Foreclosures
Current Market Conditions in in Oak Grove, AL As of March 2026?
Over the past month, Oak Grove’s real estate market has seen a slight increase in activity. The average home price has risen by approximately 3%, reflecting the continued demand in the area. Sellers are encouraged by rising sales prices and are eager to list their homes, leading to an increase in new listings, which ultimately provides buyers with more options. In general, the number of active listings remains below historical levels, meaning that buyers must act quickly before properties are snatched up by others.
How much do homes sell for in Oak Grove, AL?
The average home price is currently $146,007.
What’s the average rental cost in Oak Grove, AL?
The average rental price in Oak Grove is $887.
What is the most expensive home in Oak Grove?
The most expensive home sold in Oak Grove had a price of $675,786.
What is currently the cheapest priced home in Oak Grove, AL?
The cheapest home for sale in Oak Grove is priced at $16,763.
Living in Oak Grove, AL
Oak Grove, located in Alabama, is a charming small town characterized by its friendly community and tranquil atmosphere. Residents enjoy a blend of rural and suburban living, with access to various outdoor activities and local amenities. The area is known for its scenic landscapes and tight-knit neighborhoods, making it an ideal place for families and individuals seeking a peaceful lifestyle.
Buyer vs Seller Market in Oak Grove, AL
The real estate market in Oak Grove has been experiencing stable growth over the past year. The demand for homes has picked up, particularly among families looking for spacious houses in a quiet setting. Average home prices have risen moderately, driven by a combination of increased interest from buyers and limited inventory.
Currently, homes in Oak Grove are remaining on the market for an average of 45 days before being sold, which indicates a competitive environment. Many listings are receiving multiple offers, suggesting that buyers are motivated to secure properties as they become available.
Home Value Estimator For Oak Grove, AL
There are currently 317 real estate properties
in Oak Grove, AL,
with a median automated valuation model (AVM) price
of $129,562.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Oak Grove, AL, based on current market
trends, comparable real
estate sales nearby, historical data and, of course, property features, among other
variables. These automated home estimates are often very helpful, providing buyers
and
sellers with a better idea of a home’s value ahead of the negotiation process. For
example,
the average home price in Oak Grove, AL,
is $146,007.00, with the most expensive house
in Oak Grove, AL, topping out
at $675,786.00 and the cheapest home
in Oak Grove, AL,
clocking in at $16,763.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Oak Grove, AL!
Rent Prices
In Oak Grove, AL
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Oak Grove, AL, is on
a rollercoaster ride. The
average rent price in Oak Grove, AL,
is $887.00. Indeed, when looking to rent in
Oak Grove, AL, you can expect to pay as little
as $540.00 or as much
as $1,840.00,
with the average rent median estimated to
be $830.00. The good news is that finding
an affordable and desirable property to rent in Oak Grove, AL
-- whether it’s apartments,
townhomes, condominiums or single-family homes -- is made easier with knowledge of
the
local market and, of course, a little patience.
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