$272,000
11.03 Acres
Land
Michele Shinedling, Listing Office: Heritage Real Estate
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 November 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
$425,000
$162/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$41,490(+10.8%)
Key Takeaway
Homes in Oxford Charter Township have sold for 10.8% more than they did a year ago.
Summary: The median home sold price in Oxford Charter Township was $425,000 in November 2024, up 10.8% 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 | $495K | +4.8% |
| 5+ Bedrooms | $564K | $642.5K | +13.9% |
Summary: Oxford Charter Township 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 4.8%, and 5+ bedroom homes increased by 13.9%.
Median Sold Price Compared To Nearby Cities
| Addison Township | $320K | $424K | +32.5% |
| Metamora Township | $340K | $409.4K | +20.4% |
| Oxford | $383.1K | $425K | +10.9% |
| Oxford Charter Township | $383.5K | $425K | +10.8% |
| Orion Charter Township | $372.4K | $383K | +2.8% |
Housing Supply in Oxford Charter Township, MI
How many homes are available in Oxford Charter Township, MI?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 93 | 87 | -6.5% |
Summary: The Oxford Charter Township 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 Charter Township 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 Charter Township, 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 Charter Township 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 Charter Township, MI
How long does it take to sell a home in Oxford Charter Township, MI?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 22 Days | 31 Days | +40.6% |
Summary: Homes in Oxford Charter Township 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 Charter Township are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 16 homes were sold in Oxford Charter Township; 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.