Is Oxford, NC 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, Oxford has remained a Seller's Market.
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
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
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $50K | - | N/A |
2 Bedrooms | $181K | $153K | -15.5% |
3 Bedrooms | $272K | $292.9K | +7.7% |
4 Bedrooms | $422.4K | $380K | -10.0% |
5+ Bedrooms | $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 | $253.5K | $270K | +6.5% |
Salem Township | $364K | $384.9K | +5.7% |
Oxford | $285K | $300K | +5.3% |
Oxford Township | $285K | $300K | +5.3% |
Housing Supply in Oxford, NC
How many homes are available in Oxford, NC?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
37 | 44 | +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
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 3 | 4 | +33.3% |
3 Bedrooms | 24 | 26 | +8.3% |
4 Bedrooms | 7 | 10 | +42.9% |
5+ Bedrooms | 2 | 3 | +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 2024 | May 2024 | CHANGE |
---|---|---|
7 | 12 | +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
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 2023 | May 2024 | CHANGE |
---|---|---|
74 Days | 20 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
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.