Is Oxford, GA 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 has remained a Seller's Market.
Key Takeaway
Oxford is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Oxford, GA
How much do homes in Oxford, GA cost?
Median Sold Price
$406,950
$170/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Oxford have sold for 10% more than they did a year ago.
Summary: The median home sold price in Oxford was $406,950 in May 2024, up 10% from last year, and the median price per square foot was $170.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $439.5K | N/A |
| 2 Bedrooms | $261K | $232.4K | -10.9% |
| 3 Bedrooms | $275K | $282.7K | +2.8% |
| 4 Bedrooms | $354.8K | $429K | +20.9% |
| 5+ Bedrooms | $539.9K | $541.9K | 0.4% |
Summary: Oxford 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 decreased by 10.9%, 3 bedroom homes increased by 2.8%, 4 bedroom homes increased by 20.9%, and 5+ bedroom homes increased by 0.4%.
Median Sold Price Compared To Nearby Cities
| Oxford | $370K | $406.9K | +10.0% |
| Covington | $300K | $306K | +2.0% |
| Covington-Porterdale | $298.8K | $303K | +1.4% |
Housing Supply in Oxford, GA
How many homes are available in Oxford, GA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 57 | 70 | +22.8% |
Summary: The Oxford real estate market had 70 homes for sale in May 2024, a 22.8% increase 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 | 3 | 6 | +100.0% |
| 3 Bedrooms | 20 | 19 | -5.0% |
| 4 Bedrooms | 21 | 27 | +28.6% |
| 5+ Bedrooms | 13 | 18 | +38.5% |
Summary: The Oxford 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 increased by 100%, 3 bedroom homes decreased by 5%, 4 bedroom homes increased by 28.6%, and 5+ bedroom homes increased by 38.5%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 9 | 14 | +55.6% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Oxford, expect to pay close to the asking price. 38.5% of homes here sold near the asking price last month.
Summary: A total of 14 homes were sold or pending in Oxford in May 2024, up by 55.6% month-over-month. Of the 13 sold homes, 23% were sold under asking, 38% were sold at asking, and 38% were sold over asking.
Days on Market for Oxford, GA
How long does it take to sell a home in Oxford, GA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 49 Days | 45 Days | -7.9% |
Summary: Homes in Oxford had an average of 45 days on market in May 2024, down by 7.9% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Oxford are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 14 homes were sold in Oxford; 64% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 21% of homes were sold over 90 days.
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