Oak Grove's real estate market is experiencing a price correction, with values down 5.6% from last year. Home prices have decreased 11.1% in the past month. At the current pace, all available homes in Oak Grove would sell out in just 1.8 months, indicating a continued supply shortage. Homes are now taking an average of 38 days to sell, significantly longer than the 16 days typical for this market. Only 12.5% of properties sold above asking price, giving buyers more negotiating power. Affordability remains a significant challenge in the Oak Grove market with the affordability index at 155.0. Looking ahead, the Oak Grove market is expected to maintain its current trajectory with relatively stable conditions.