Is Oxford, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Oxford has remained a Seller's Market.
Housing Prices in Oxford, MI
How much do homes in Oxford, MI cost?
Median Sold Price
$400,000
$201/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Oxford was $400,000 in March 2024, up 12.7% from last year, and the median price per square foot was $201.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $110K | $115K | +4.5% |
2 Bedrooms | $182K | $239K | +31.3% |
3 Bedrooms | $305K | $338K | +10.8% |
4 Bedrooms | $414.9K | $471.7K | +13.7% |
5+ Bedrooms | $588K | $540K | -8.2% |
Summary: Oxford housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 4.5%, 2 bedroom homes increased by 31.3%, 3 bedroom homes increased by 10.8%, 4 bedroom homes increased by 13.7%, and 5+ bedroom homes decreased by 8.2%.
Median Sold Price Compared To Nearby Cities
Oxford | $354.9K | $400K | +12.7% |
Oxford Charter Township | $365.6K | $400K | +9.4% |
Housing Supply in Oxford, MI
How many homes are available in Oxford, MI?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
65 | 74 | +13.8% |
Summary: The Oxford real estate market had 74 homes for sale in March 2024, a 13.8% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 5 | 6 | +20.0% |
3 Bedrooms | 24 | 29 | +20.8% |
4 Bedrooms | 29 | 28 | -3.4% |
5+ Bedrooms | 6 | 10 | +66.7% |
Summary: The Oxford housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 20%, 3 bedroom homes increased by 20.8%, 4 bedroom homes decreased by 3.4%, and 5+ bedroom homes increased by 66.7%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
18 | 15 | -16.7% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Summary: A total of 15 homes were sold or pending in Oxford in March 2024, down by 16.7% month-over-month. Of the 15 sold homes, 53% were sold under asking, 13% were sold at asking, and 33% were sold over asking.
Days on Market for Oxford, MI
How long does it take to sell a home in Oxford, MI?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
1 Days | 41 Days | +2691.1% |
Summary: Homes in Oxford had an average of 41 days on market in Mar 2024, up by 2691.1% compared to last year.
Breakdown of Home Sale Times
12 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During March 2024, 15 homes were sold in Oxford; 80% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.