Is Oxford Circle, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Oxford Circle has remained a Seller's Market.
Key Takeaway
Oxford Circle is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Oxford Circle, PA
How much do homes in Oxford Circle, PA cost?
Median Sold Price
$230,250
$179/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Oxford Circle have sold for 2.4% more than they did a year ago.
Summary: The median home sold price in Oxford Circle was $230,250 in May 2024, up 2.4% from last year, and the median price per square foot was $179.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $175K | $180.7K | +3.3% |
| 3 Bedrooms | $220K | $228K | +3.6% |
| 4 Bedrooms | $255K | $268K | +5.1% |
| 5+ Bedrooms | $380K | $409K | +7.6% |
Summary: Oxford Circle housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 3.3%, 3 bedroom homes increased by 3.6%, 4 bedroom homes increased by 5.1%, and 5+ bedroom homes increased by 7.6%.
Median Sold Price Compared To Nearby Neighborhoods
| Burholme | $269.9K | $301K | +11.5% |
| Oxford Circle | $224.9K | $230.2K | +2.4% |
| Mayfair | $240K | $245K | +2.1% |
| Near Northeast Philadelphia | $219.9K | $220K | 0.0% |
| Lawndale | $255K | $250K | -2.0% |
Housing Supply in Oxford Circle, PA
How many homes are available in Oxford Circle, PA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 104 | 103 | -1.0% |
Summary: The Oxford Circle real estate market had 103 homes for sale in May 2024, a 1.0% decrease compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 2 | 1 | -50.0% |
| 3 Bedrooms | 92 | 89 | -3.3% |
| 4 Bedrooms | 9 | 12 | +33.3% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Oxford Circle 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 decreased by 50%, 3 bedroom homes decreased by 3.3%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 22 | 19 | -13.6% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
11 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Oxford Circle, you could pay more than the asking price. 57.9% of homes here sold above asking price last month.
Summary: A total of 19 homes were sold or pending in Oxford Circle in May 2024, down by 13.6% month-over-month. Of the 19 sold homes, 37% were sold under asking, 5% were sold at asking, and 58% were sold over asking.
Days on Market for Oxford Circle, PA
How long does it take to sell a home in Oxford Circle, PA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 35 Days | 18 Days | -47.0% |
Summary: Homes in Oxford Circle had an average of 18 days on market in May 2024, down by 47% compared to last year.
Breakdown of Home Sale Times
15 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Oxford Circle are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 19 homes were sold in Oxford Circle; 79% of homes were sold within 30 days, 16% of homes were sold within 30 to 90 days, and 5% of homes were sold over 90 days.
