Is Oxford, MI 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 August 2021

At the same time last year, Oxford was a Neutral Market.

Key Takeaway

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

How much do homes in Oxford, MI cost?

Median Sold Price

$300,123

$168/sqft

Based on all homes sold in the last 12 months.

Difference Since August 2021

+$32,623(+12.2%)

Key Takeaway

Homes in Oxford have sold for 12.2% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSAug 2021Aug 2022%
1 $105K-
N/A
2 $110K$200K
+81.8%
3 $235K$300.1K
+27.7%
4 $355K$400K
+12.7%
5+ $661.2K-
N/A

Median Sold Price Compared To Nearby Cities

Oxford
+12.2%
Oxford Charter Township
+2.7%

How many homes are available in Oxford, MI?

Number of Homes For Sale

Jul 2022Aug 2022%
1926+36.8%

Homes For Sale By Bedroom Count

# BEDSJul 2022Aug 2022%
1 11
0.0%
2 23
+50.0%
3 1014
+40.0%
4 67
+16.7%
5+ 01
+100.0%

Number of Homes Sold

Jul 2022Aug 2022%
27+250.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

4 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Oxford, expect to pay close to the asking price. 57.1% of homes here sold near the asking price last month.

Average Sale Time

Aug 2021Aug 2022%
10 Days62 Days+522.9%

Breakdown of Home Sale Times

4 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

1 Home Was 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.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

About Oxford, MI

Oxford, MI has 26 homes on the market. In August 2022 in Oxford, MI there were 36.8% more homes for sale than in July 2022. While the average time on the market in August 2022 was 62 days, the median list price was $300,123. Real estate listing prices changed between July 2022 and August 2022: 1 bedroom properties prices increased by 0%, prices of 2 bedrooms properties went up by 81.8%, 3 bedrooms properties prices increased by 27.7%, prices of 4 bedrooms properties increased by 12.7%, the cost of 5 bedrooms properties went up by 0%. Volume of homes for sale changed: 1 bedroom homes inventory did not change, 2 bedrooms homes inventory increased by 50%, the quantity of 3 bedrooms homes went up by 40%, volume of 4 bedrooms homes went up by 16.7%, volume of 5 bedrooms homes went up by 100%. Over 2 listings were sold over their listed price in August 2022 in Oxford, MI. In the same period over 1 listings were sold below the listed price and 4 listings were sold for the listed price.

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