Is Oxford Charter Township, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since June 2023
Since last year, Oxford Charter Township has remained a Seller's Market.
Key Takeaway
Oxford Charter Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Oxford Charter Township, MI
How much do homes in Oxford Charter Township, MI cost?
Median Sold Price
$396,000
$204/sqft
Based on all homes sold in the last 12 months.
Difference Since June 2023
Key Takeaway
Homes in Oxford Charter Township have sold for 5.6% more than they did a year ago.
Summary: The median home sold price in Oxford Charter Township was $396,000 in June 2024, up 5.6% from last year, and the median price per square foot was $204.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Jun 2023 | Jun 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $110K | $119.2K | +8.4% |
| 2 Bedrooms | $200K | $218.4K | +9.2% |
| 3 Bedrooms | $325K | $345K | +6.2% |
| 4 Bedrooms | $445K | $482K | +8.3% |
| 5+ Bedrooms | $606.5K | $587.5K | -3.1% |
Summary: Oxford Charter Township housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes increased by 8.4%, 2 bedroom homes increased by 9.2%, 3 bedroom homes increased by 6.2%, 4 bedroom homes increased by 8.3%, and 5+ bedroom homes decreased by 3.1%.
Median Sold Price Compared To Nearby Cities
| Oxford Charter Township | $375K | $396K | +5.6% |
| Oxford | $375K | $396K | +5.6% |
| Orion Charter Township | $375K | $390K | +4.0% |
| Addison Township | $355K | $350K | -1.4% |
| Metamora Township | $389.9K | $381.5K | -2.2% |
Housing Supply in Oxford Charter Township, MI
How many homes are available in Oxford Charter Township, MI?
Number of Homes For Sale
| May 2024 | Jun 2024 | CHANGE |
|---|---|---|
| 101 | 90 | -10.9% |
Summary: The Oxford Charter Township real estate market had 90 homes for sale in June 2024, a 10.9% decrease compared to May 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 1 | -50.0% |
| 2 Bedrooms | 6 | 7 | +16.7% |
| 3 Bedrooms | 37 | 37 | 0.0% |
| 4 Bedrooms | 43 | 39 | -9.3% |
| 5+ Bedrooms | 13 | 6 | -53.8% |
Summary: The Oxford Charter Township housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes increased by 16.7%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 9.3%, and 5+ bedroom homes decreased by 53.8%.
Number of Homes Sold
| May 2024 | Jun 2024 | CHANGE |
|---|---|---|
| 33 | 30 | -9.1% |
Asking Price vs. Sold Price
14 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
11 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Oxford Charter Township, you may be able to get a good deal. 46.7% of homes here sold below asking price last month.
Summary: A total of 30 homes were sold or pending in Oxford Charter Township in June 2024, down by 9.1% month-over-month. Of the 30 sold homes, 47% were sold under asking, 17% were sold at asking, and 37% were sold over asking.
Days on Market for Oxford Charter Township, MI
How long does it take to sell a home in Oxford Charter Township, MI?
Average Sale Time
| Jun 2023 | Jun 2024 | CHANGE |
|---|---|---|
| 17 Days | 20 Days | +17.8% |
Summary: Homes in Oxford Charter Township had an average of 20 days on market in Jun 2024, up by 17.8% compared to last year.
Breakdown of Home Sale Times
25 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Oxford Charter Township are selling fast, if you're buying plan to act quickly.
Summary: During June 2024, 30 homes were sold in Oxford Charter Township; 83% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 3% of homes were sold over 90 days.
Provided through IDX via MiRealSource, as the “Source MLS”, courtesy of the Originating MLS shown on the property listing, as the Originating MLS. Copyright MiRealSource.