Is Oxford, NC a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Oxford is a seller's market

Buyer's
Market

Difference Since May 2023

Since last year, Oxford has remained a Seller's Market.

Key Takeaway

Oxford is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Oxford, NC

How much do homes in Oxford, NC cost?

Median Sold Price

$300,000

$177/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

+$15,000(+5.3%)

Key Takeaway

Homes in Oxford have sold for 5.3% more than they did a year ago.

Summary: The median home sold price in Oxford was $300,000 in May 2024, up 5.3% from last year, and the median price per square foot was $177.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 $50K-
N/A
2 $181K$153K
-15.5%
3 $272K$292.9K
+7.7%
4 $422.4K$380K
-10.0%
5+ $372K$557.5K
+49.9%

Summary: Oxford 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 decreased by 15.5%, 3 bedroom homes increased by 7.7%, 4 bedroom homes decreased by 10%, and 5+ bedroom homes increased by 49.9%.

Median Sold Price Compared To Nearby Cities

Fishing Creek Township
+6.5%
Salem Township
+5.7%
Oxford
+5.3%
Oxford Township
+5.3%

Housing Supply in Oxford, NC

How many homes are available in Oxford, NC?

Number of Homes For Sale

Apr 2024May 2024CHANGE
3744+18.9%

Summary: The Oxford real estate market had 44 homes for sale in May 2024, a 18.9% increase compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 11
0.0%
2 34
+33.3%
3 2426
+8.3%
4 710
+42.9%
5+ 23
+50.0%

Summary: The Oxford 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 33.3%, 3 bedroom homes increased by 8.3%, 4 bedroom homes increased by 42.9%, and 5+ bedroom homes increased by 50%.

Number of Homes Sold

Apr 2024May 2024CHANGE
712+71.4%

Asking Price vs. Sold Price

5 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

4 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Oxford, you may be able to get a good deal. 41.7% of homes here sold below asking price last month.

Summary: A total of 12 homes were sold or pending in Oxford in May 2024, up by 71.4% month-over-month. Of the 12 sold homes, 42% were sold under asking, 25% were sold at asking, and 33% were sold over asking.

Days on Market for Oxford, NC

How long does it take to sell a home in Oxford, NC?

Average Sale Time

May 2023May 2024CHANGE
74 Days20 Days-73.2%

Summary: Homes in Oxford had an average of 20 days on market in May 2024, down by 73.2% compared to last year.

Breakdown of Home Sale Times

8 Homes Were Sold
Under 30 Days

4 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Oxford are selling fast, if you're buying plan to act quickly.

Summary: During May 2024, 12 homes were sold in Oxford; 67% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 0% 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 1 Day Ago

Newest Listings in Oxford, NC

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