$272,000
11.03 Acres
Land
Michele Shinedling, Listing Office: Heritage Real Estate
Is Oxford, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 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, MI
How much do homes in Oxford, MI cost?
Median Sold Price
$425,000
$162/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$41,822(+10.9%)
Key Takeaway
Homes in Oxford have sold for 10.9% more than they did a year ago.
Summary: The median home sold price in Oxford was $425,000 in November 2024, up 10.9% from last year, and the median price per square foot was $162.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $111K | $122.2K | +10.1% |
| 2 Bedrooms | $241K | $216.9K | -10.0% |
| 3 Bedrooms | $334.9K | $375K | +12.0% |
| 4 Bedrooms | $472.2K | $492.5K | +4.3% |
| 5+ Bedrooms | $564K | $642.5K | +13.9% |
Summary: Oxford housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 10.1%, 2 bedroom homes decreased by 10%, 3 bedroom homes increased by 12%, 4 bedroom homes increased by 4.3%, and 5+ bedroom homes increased by 13.9%.
Median Sold Price Compared To Nearby Cities
| Oxford | $383.1K | $425K | +10.9% |
| Oxford Charter Township | $383.5K | $425K | +10.8% |
Housing Supply in Oxford, MI
How many homes are available in Oxford, MI?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 93 | 87 | -6.5% |
Summary: The Oxford real estate market had 87 homes for sale in November 2024, a 6.5% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 2 | +100.0% |
| 2 Bedrooms | 5 | 7 | +40.0% |
| 3 Bedrooms | 45 | 41 | -8.9% |
| 4 Bedrooms | 33 | 28 | -15.2% |
| 5+ Bedrooms | 9 | 9 | 0.0% |
Summary: The Oxford housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 40%, 3 bedroom homes decreased by 8.9%, 4 bedroom homes decreased by 15.2%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 28 | 16 | -42.9% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
9 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Oxford, you could pay more than the asking price. 56.3% of homes here sold above asking price last month.
Summary: A total of 16 homes were sold or pending in Oxford in November 2024, down by 42.9% month-over-month. Of the 16 sold homes, 25% were sold under asking, 19% were sold at asking, and 56% were sold over asking.
Days on Market for Oxford, MI
How long does it take to sell a home in Oxford, MI?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 22 Days | 31 Days | +40.6% |
Summary: Homes in Oxford had an average of 31 days on market in Nov 2024, up by 40.6% compared to last year.
Breakdown of Home Sale Times
12 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
2 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 November 2024, 16 homes were sold in Oxford; 75% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 13% 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.