Is Oxon Hill, MD a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Oxon Hill has remained a Seller's Market.
Housing Prices in Oxon Hill, MD
How much do homes in Oxon Hill, MD cost?
Median Sold Price
$315,000
$210/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Oxon Hill was $315,000 in April 2024, down 2.6% from last year, and the median price per square foot was $210.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $93.5K | $117K | +25.1% |
2 Bedrooms | $175K | $173K | -1.1% |
3 Bedrooms | $322K | $329K | +2.2% |
4 Bedrooms | $395K | $400K | +1.3% |
5+ Bedrooms | $405K | $404.5K | -0.1% |
Summary: Oxon Hill housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 25.1%, 2 bedroom homes decreased by 1.1%, 3 bedroom homes increased by 2.2%, 4 bedroom homes increased by 1.3%, and 5+ bedroom homes decreased by 0.1%.
Housing Supply in Oxon Hill, MD
How many homes are available in Oxon Hill, MD?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
47 | 42 | -10.6% |
Summary: The Oxon Hill real estate market had 42 homes for sale in April 2024, a 10.6% decrease compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 0 | -100.0% |
2 Bedrooms | 16 | 14 | -12.5% |
3 Bedrooms | 19 | 19 | 0.0% |
4 Bedrooms | 8 | 8 | 0.0% |
5+ Bedrooms | 3 | 1 | -66.7% |
Summary: The Oxon Hill housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes decreased by 12.5%, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 66.7%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
17 | 11 | -35.3% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Summary: A total of 11 homes were sold or pending in Oxon Hill in April 2024, down by 35.3% month-over-month. Of the 11 sold homes, 45% were sold under asking, 18% were sold at asking, and 36% were sold over asking.
Days on Market for Oxon Hill, MD
How long does it take to sell a home in Oxon Hill, MD?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
18 Days | 28 Days | +48.6% |
Summary: Homes in Oxon Hill had an average of 28 days on market in Apr 2024, up by 48.6% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During April 2024, 11 homes were sold in Oxon Hill; 73% of homes were sold within 30 days, 18% of homes were sold within 30 to 90 days, and 9% of homes were sold over 90 days.