Is Oxford Charter Township, MI a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Oxford Charter Township is a seller's market

Buyer's
Market

Difference Since May 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

$398,633

$204/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

+$24,633(+6.6%)

Key Takeaway

Homes in Oxford Charter Township have sold for 6.6% more than they did a year ago.

Summary: The median home sold price in Oxford Charter Township was $398,633 in May 2024, up 6.6% from last year, and the median price per square foot was $204.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 $110K$119K
+8.2%
2 $197.5K$222.5K
+12.7%
3 $325K$350K
+7.7%
4 $442K$475K
+7.5%
5+ $650K$530K
-18.5%

Summary: Oxford Charter Township housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 8.2%, 2 bedroom homes increased by 12.7%, 3 bedroom homes increased by 7.7%, 4 bedroom homes increased by 7.5%, and 5+ bedroom homes decreased by 18.5%.

Median Sold Price Compared To Nearby Cities

Oxford
+7.7%
Oxford Charter Township
+6.6%
Addison Township
+2.7%
Orion Charter Township
-1.8%
Metamora Township
-8.1%

Housing Supply in Oxford Charter Township, MI

How many homes are available in Oxford Charter Township, MI?

Number of Homes For Sale

Apr 2024May 2024CHANGE
97107+10.3%

Summary: The Oxford Charter Township real estate market had 107 homes for sale in May 2024, a 10.3% increase compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 22
0.0%
2 77
0.0%
3 4443
-2.3%
4 3343
+30.3%
5+ 1112
+9.1%

Summary: The Oxford Charter Township 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 remained the same, 3 bedroom homes decreased by 2.3%, 4 bedroom homes increased by 30.3%, and 5+ bedroom homes increased by 9.1%.

Number of Homes Sold

Apr 2024May 2024CHANGE
2829+3.6%

Asking Price vs. Sold Price

12 Homes Were Sold
Under Asking

8 Homes Were Sold
At Asking

9 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Oxford Charter Township, you may be able to get a good deal. 41.4% of homes here sold below asking price last month.

Summary: A total of 29 homes were sold or pending in Oxford Charter Township in May 2024, up by 3.6% month-over-month. Of the 29 sold homes, 41% were sold under asking, 28% were sold at asking, and 31% 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

May 2023May 2024CHANGE
13 Days15 Days+11.8%

Summary: Homes in Oxford Charter Township had an average of 15 days on market in May 2024, up by 11.8% compared to last year.

Breakdown of Home Sale Times

25 Homes Were Sold
Under 30 Days

4 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Oxford Charter Township are selling fast, if you're buying plan to act quickly.

Summary: During May 2024, 29 homes were sold in Oxford Charter Township; 86% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.

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

Report Updated 16 Days Ago

Newest Listings in Oxford Charter Township, MI

Nearby Markets to Oxford Charter Township, MI

What housing markets are near Oxford Charter Township, MI?