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 April 2023
Since last year, Oxford Charter Township has remained a Seller's Market.
Housing Prices in Oxford Charter Township, MI
How much do homes in Oxford Charter Township, MI cost?
Median Sold Price
$400,000
$204/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Oxford Charter Township was $400,000 in April 2024, up 8.9% from last year, and the median price per square foot was $204.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $110K | $115K | +4.5% |
2 Bedrooms | $195K | $235.7K | +20.9% |
3 Bedrooms | $325K | $347.5K | +6.9% |
4 Bedrooms | $440.5K | $475K | +7.8% |
5+ Bedrooms | $650K | $535K | -17.7% |
Summary: Oxford Charter Township housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 4.5%, 2 bedroom homes increased by 20.9%, 3 bedroom homes increased by 6.9%, 4 bedroom homes increased by 7.8%, and 5+ bedroom homes decreased by 17.7%.
Median Sold Price Compared To Nearby Cities
Oxford | $355K | $400K | +12.7% |
Oxford Charter Township | $367.2K | $400K | +8.9% |
Orion Charter Township | $376.5K | $373.1K | -0.9% |
Addison Township | $412K | $394.5K | -4.2% |
Metamora Township | $389.9K | $367.5K | -5.7% |
Housing Supply in Oxford Charter Township, MI
How many homes are available in Oxford Charter Township, MI?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
71 | 96 | +35.2% |
Summary: The Oxford Charter Township real estate market had 96 homes for sale in April 2024, a 35.2% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 2 | +100.0% |
2 Bedrooms | 6 | 7 | +16.7% |
3 Bedrooms | 29 | 43 | +48.3% |
4 Bedrooms | 25 | 33 | +32.0% |
5+ Bedrooms | 10 | 11 | +10.0% |
Summary: The Oxford Charter Township housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 16.7%, 3 bedroom homes increased by 48.3%, 4 bedroom homes increased by 32%, and 5+ bedroom homes increased by 10%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
15 | 25 | +66.7% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
13 Homes Were Sold
Over Asking
Summary: A total of 25 homes were sold or pending in Oxford Charter Township in April 2024, up by 66.7% month-over-month. Of the 25 sold homes, 40% were sold under asking, 8% were sold at asking, and 52% 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
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
38 Days | 18 Days | -52.3% |
Summary: Homes in Oxford Charter Township had an average of 18 days on market in Apr 2024, down by 52.3% compared to last year.
Breakdown of Home Sale Times
21 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During April 2024, 25 homes were sold in Oxford Charter Township; 84% of homes were sold within 30 days, 8% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.