Brokers — List your Company Here
Featured local agent — Oak Grove, AL
Sarah Mitchell
Compass Real Estate · Oak Grove, AL
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
This spot is open. Be the only brokerage featured on this page — one slot, no auction.
Claim this spot* Example only — dummy agent for illustration. Your logo, name, tagline, link, and lead routing replace this content.
Oak Grove, AL Housing Market
The typical home in Oak Grove, AL is worth $152,697, rose 2.9% over the past year (Zillow Home Value Index, July 2026). The last median sale price Redfin published was $80,000 (through May 2026). With 1.0 months of supply and homes going under contract in about 32 days, Oak Grove is a seller's market. At today's 6.66% 30-year fixed rate, 20% down on a $152,697 home is about $785/mo in principal and interest.
Key numbers for Oak Grove, AL
Typical home value
$152,697
+2.9% in 12 months
Zillow, July 2026
Median sale price
$80,000
Last published period
Redfin, through May 2026
Days on market
32
Average pace
Redfin, through May 2026
Active listings
1
1.0 months of supply
Redfin, through May 2026
30-yr fixed rate
6.66%
Freddie Mac weekly average
Freddie Mac via FRED, August 2026
Median household income
$59,191
Home costs 2.6x income
U.S. Census ACS, 2023
Sale-to-list ratio
71.1%
Selling below asking
Redfin, through May 2026
Zillow figures are as of July 2026 and refresh monthly. Redfin figures are through May 2026 — Redfin stopped publishing its public market trackers in June 2026, so those numbers are final, not current. Mortgage rates come from Freddie Mac via FRED and update weekly.
Is Oak Grove a buyer's or seller's market?
Oak Grove, AL is a seller's market, based on 1.0 months of supply and homes selling in about 32 days. Under 2 months of supply is a severe shortage: expect competition on almost anything priced correctly, and little room to negotiate below asking.
Inputs are Redfin's final published period (May 2026). How we classify markets · Where the data comes from
What does the Oak Grove housing market data show?
Every row below is Redfin's final published month for Oak Grove, AL. Redfin, through May 2026
| Metric | Value |
|---|---|
| Median sale price | $80,000 |
| Median list price | $259,000 |
| Median price per sq ft | $100/sq ft |
| Median days on market | 32 days |
| Active inventory | 1 listings |
| Months of supply | 1.0 months |
| Sale-to-list price ratio | 71.1% |
| Homes sold (that month) | 1 |
| New listings (that month) | 1 |
| Market condition | Seller's market |
How to read these numbers
- Median sale price
- Half the homes that closed sold for more than this, half for less. It moves with what kind of home sold that month, so a quiet month with two big sales can swing it. Redfin's figure for Oak Grove is frozen at May 2026.
- Typical home value (ZHVI)
- Zillow's estimate of what a mid-market home in Oak Grove is worth right now, whether or not it sold. It is smoother than the median sale price and it still refreshes monthly, which is why this page leads with it.
- Months of supply
- How long it would take to sell every active listing at the current pace. Under 3 favors sellers, over 6 favors buyers, and 3 to 6 is the balanced band.
- Days on market
- Median time from listing to accepted offer. Short means you should have financing ready before you tour; long means there is room to negotiate on price and repairs.
- Sale-to-list ratio
- Sale price divided by the last asking price. Above 100% means bidding above asking is normal here; below 100% means the typical buyer got a discount.
- Price per square foot
- The size-adjusted price. Use it to compare a 1,400 sq ft house to a 2,600 sq ft house, not to value your own home — lot, condition and age move it a lot.
- Listings with a price cut
- Share of active listings that dropped their asking price in the month. A high share is the earliest visible sign that sellers are ahead of what buyers will pay.
- Typical asking rent (ZORI)
- Zillow's repeat-rent index for asking rents on new leases. Paired with the home value it gives the price-to-rent ratio in the rent-vs-buy section below.
How have Oak Grove home prices moved?
Across the 23 months we hold for Oak Grove, AL, the median sale price rose 3.9%, from $77,000 in May 2021 to $80,000. The live Zillow value series has rose 2.9% in the last 12 months, which is the more current read now that Redfin's series has stopped. For prices to fall meaningfully from here, supply would have to keep building past 1.0 months while the sale-to-list ratio slips below its current 71.1%. Watch those two together — they move before the median does.
Redfin, through May 2026 — the chart ends at Redfin's final published month.
Get Oak Grove market alerts
Weekly updates on prices, inventory, and trends. Free forever.
What does it cost to buy a home in Oak Grove?
Priced off the typical home value of $152,697 at the current 6.66% 30-year fixed rate. These are principal and interest only — property taxes, homeowner's insurance, HOA dues and mortgage insurance are on top, and they vary enough by property that we will not guess them for you.
| Down payment | Cash at close | Loan amount | Monthly P&I |
|---|---|---|---|
| 20% | $30,539 | $122,157 | $785/mo |
| 5% | $7,635 | $145,062 | $932/mo |
Zillow, July 2026 for the price · Freddie Mac via FRED, August 2026 for the rate
What income do you need?
Lenders generally want housing costs under 28% of gross income. On the 20%-down payment of $785, that implies roughly $33,644 a year before you add taxes and insurance. The median household in Oak Grove earns $59,191, about $25,547 more than that threshold — the typical local household clears the payment on a typical local home with 20% down. That puts the price-to-income ratio at 2.6x — close to the historical 3x norm, which is unusual in 2026.
Run it with your own numbers: affordability calculator · mortgage calculator
Buying in Oak Grove in the next 12 months?
Tell us your timeline. We send the Oak Grove market brief: the price ranges that actually clear, how long homes sit, and what to fix on your credit before you apply.
Is it cheaper to rent or buy in Oak Grove?
Zillow does not publish a rent index (ZORI) for Oak Grove, AL, so we cannot compute a price-to-rent ratio here without borrowing a nearby market's rents and calling them local — which we will not do. The rent vs. buy calculator works with a rent figure you supply.
Is inventory rising or falling in Oak Grove?
Active listings in Oak Grove, AL went from 1 in June 2022 to 1 in May 2026, a +0.0% change. Inventory has been roughly flat, which usually keeps prices moving with rates rather than with local supply.
| Month | Active listings | New listings |
|---|---|---|
| December 2022 | 10 | 6 |
| February 2023 | 5 | 2 |
| March 2023 | 3 | not published |
| May 2023 | 6 | 1 |
| June 2023 | 6 | 1 |
| July 2023 | 3 | not published |
| November 2023 | 1 | not published |
| March 2024 | 1 | 1 |
| September 2024 | 1 | not published |
| February 2025 | 2 | 2 |
| July 2025 | 2 | not published |
| May 2026 | 1 | 1 |
Redfin, through May 2026
How does Oak Grove compare to Alabama and the U.S.?
Oak Grove homes sell for $80,000 — 74% below the Alabama median of $312,600. Against the national median of $410,700, Oak Grove runs 81% lower.
| Market | Median sale price | YoY | Days on market |
|---|---|---|---|
| Oak Grove, AL | $80,000 | not published | 32 days |
| Alabama statewide | $312,600 | +7.2% | 57 days |
| United States | $410,700 | not published | not published |
City and state rows: Redfin, through May 2026 · U.S. row: Freddie Mac via FRED, April 2026 (MSPUS, quarterly)
What to do next in Oak Grove
What buyers should watch
- Months of supply, currently 1.0. It turns before price does — when it climbs past 6, sellers start taking offers they would have rejected a quarter earlier.
- The gap between 5% and 20% down here is $147 a month in principal and interest alone, before mortgage insurance. That gap, not the price, is usually what decides your timeline.
- Rate moves. At 6.66%, every full point of rate change moves the payment on a $152,697 home more than a 5% price change does.
- Your credit tier before you shop, not after — it sets the rate you are quoted. Run your numbers first.
What sellers should know
- The median Oak Grove listing goes under contract in 32 days. If yours passes that mark, the market is telling you the price is wrong — not that you need more showings.
- Homes here close at 71.1% of asking. Price to that ratio from day one rather than chasing the market down in cuts.
- In the last published month Oak Grove added 1 new listings against 1 sales — more clearing than arriving, which is the better window to list.
- Your equity moved +2.9% in the last 12 months on the Zillow value series. That, not the price you paid, is what sets your net proceeds.
- Comparable ZIP-level pricing inside Oak Grove varies more than the citywide median suggests — check the ZIP pages below before you set a number.
Homes for sale in Oak Grove
There are currently 1 homes listed for sale in Oak Grove, Alabama. The median listing price is $259K.
Active listings
1
Homes on market
Median list price
$259K
Avg. days on market
32
Days until sale
New this week
1
Newly listed
How much do homes cost in Oak Grove by property type?
How the Oak Grove, AL market breaks down across single-family homes, condos and townhouses. Redfin, through May 2026
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $80,000 | $100/sq ft | 1 | 32 days |
Who lives in Oak Grove?
American Community Survey estimates for Oak Grove. U.S. Census ACS, 2023
Population
905
Households
370
Median income
$59,191/yr
Median age
48.9 years
Owner-occupied
77.3%
Median home value
$124,700
Median gross rent
$853/mo
Mean commute
17.6 min
77.3% of occupied homes in Oak Grove are owner-occupied, and the rest are rented — which is the share that decides how much of the local housing stock ever reaches the for-sale market. The Census self-reported median home value is $124,700 against Zillow's $152,697 typical value; the gap is normal — ACS asks owners what they think their home is worth, Zillow models transactions.
Which cities are near Oak Grove, AL?
Ordered by distance from Oak Grove, not by size. Compare Oak Grove side by side with any of them.
Oak Grove housing market FAQ
Is Oak Grove a buyer's or seller's market?
Oak Grove, AL is currently a seller's market. That read comes from 1.0 months of supply, homes going under contract in about 32 days, and sellers getting 71.1% of their asking price in the last month Redfin published (May 2026).
How much do homes cost in Oak Grove?
The typical home in Oak Grove, AL is worth $152,697 (Zillow Home Value Index, July 2026). The median sale price in the last month Redfin published was $80,000, about $100 per square foot.
Is Oak Grove cheaper than the rest of Alabama?
Oak Grove's median sale price of $80,000 is 74% lower than the Alabama statewide median of $312,600, and 81% below the U.S. median of $410,700. Both figures are for the same period.
How long do homes take to sell in Oak Grove?
Homes in Oak Grove, AL spent a median of 32 days on market before going under contract, versus 57 days statewide. That is a normal pace: enough time to see a home twice, not enough to wait a month. (Redfin, through May 2026.)
What income do you need to buy a home in Oak Grove?
At the current 30-year fixed rate of 6.66%, 20% down on a $152,697 home is about $785 a month in principal and interest. Lenders typically want that under 28% of gross income, which works out to roughly $33,644 a year before taxes, insurance, HOA dues or mortgage insurance. The local median household income is $59,191.
Are home prices rising in Oak Grove?
The typical home value in Oak Grove, AL rose 2.9% over the last 12 months, from $148,451 to $152,697 (Zillow, July 2026). This is the live series — it refreshes monthly.
What are the cheapest ZIP codes in Oak Grove?
Oak Grove ZIP-level sale prices are not all published for the same period, so ranking them would compare different months. The ZIP pages listed on this page show what we hold for each one individually.
Is now a good time to buy in Oak Grove?
That depends on your timeline, not on a headline. What the data says today: Oak Grove, AL is a seller's market with 1.0 months of supply, the 30-year fixed rate is 6.66%. Properties Incorporated publishes the data; it does not give financial advice.
Be the brokerage on this page
1 slot per pageGet featured on Oak Grove, AL
Your logo, brokerage name, and direct link to your site — featured at the top of this page in front of every visitor researching this whole city. One brokerage, no rotation, no bidding war.
- Goes live in 24 hours
- Cancel anytime
- Do-follow backlink to your site
Keep researching Oak Grove
Nearby markets
Get the Oak Grove market brief
Get the Oak Grove, AL market brief
One email: what homes are actually clearing at around $152,697, how long they sit, which ZIPs run cheaper, and what to fix on your credit before you apply.