Oxford County is going through an intriguing phase. The Oxford housing market prices are soaring at a significant rate. The average price of a property has ballooned to $7,56,000 as per the Woodstock/Ingersoll and District real estate board. The Oxford Real estate market for sale continues to show promise as the demand for single-family homes, condos, and townhouses remain significant in this city.
Market Trend for Sale in Oxford
The housing market trend in Oxford has witnessed a 36.9% increase in the prices of properties from the last year. The properties in Oxford are being sold at a median price of $288K. This price increase is reflected in the days taken to conclude an Oxford Real Estate sale. However, this has not influenced the number of units sold in the region, as 114 homes were sold in the county in September. Single-Family homes continue to dominate the real estate listings in the region, as the average price per square foot is $174.
Oxford is a city that envelops a diverse set of culturally rich and diverse neighbourhoods. The neighbourhoods in the region, such as Burnsville, Norwich, Milldale, and Springfield, offer a rich life to its residents, surrounded by natural tranquillity and effortless serenity. These Oxford neighbourhoods provide all the modern-day amenities enriching the inhabitants' lives. The neighbourhood is strategically located at the epicentre of the county and is effortlessly connected through various modes of transport.
Real Estate MLS Listings in Oxford
The Real estate MLS listings and investment listings showcase an upward trend for single-home dwellings in the real estate market. The city also offers a diverse range of apartments and condo housing options with eclectic interiors. The Oxford suburbs also offers many farm-adjacent estates to cater to the housing requirements of individuals who possess a palette for the countryside. Oxford Housing Market Stats showcased that properties in the region spend 41 days on average in the market.
The real estate markets in Canada established MLS, a cutting-edge tool to evaluate housing market trends. Square Yards MLS offers a diverse assortment of properties in Oxford to cater to the varying needs of the residents. The website offers property and agent listings that the user can select at their discretion. Square Yards offers various services to assist you on every step in your home-selling journey.
Market Stats Report of Oxford
The Oxford housing market stats have exhibited a significant rise in the prices of properties. However, this year has witnessed a decrease in the number of units sold. The sales-to-listing ratio has decreased significantly over the year owing to the meteoric rise in the prices of the properties.
However, it is to be noted that the second half of the year witnessed a decrease in the average and median prices of the properties. The number of average listings has increased significantly this year, with the sellers aiming to capitalise on this upward market trend.
||Average Price (as of September)
Demographic & Population Ratio in Oxford
As per the 2016 census, the population of the Oxford county stood at 1,10,862. This population is accommodated in the total private dwellings is 45,350, out of which 44,266 are occupied by residents in the county. This charming county's land area is around 2,039.1 Kilometers with a per square population density of 54.5%. The population of Oxford comprises diverse and culturally vibrant residents that add their flavour to enrich the distinctive composition of the county. The median household income in Oxford county is $48,200.
Real Estate Brokerage Trend in Oxford
The real estate market in the region experienced a 35.5% drop in home sales from the five-year average and 32.2% less than the ten-year average. The total sales took a deep plunge by 22.3% as 1,152 units were sold in the first nine months of 2022. The experts have acknowledged that the soaring interest rates might have influenced this brokerage trend in Oxford. This real estate market would experience this decline until the interest rates stabilise. However, the number of listings in the market continues to solidify and provides enough home-buying options to buyers in Oxford. The MLS determined the HPI composite benchmark price at $6,57,600 for September 2022. That is 0.4% more than that of September 2021. The benchmark price of a single-family home was reduced by 0.6% and was valued at $6,75,600. On the other hand, the benchmark price for townhouses/condos rose by 19.2% to $5,14,300.
Price Trends for Sale in Oxford
The current average market price of the properties has experienced a rise of 36.9%. It has been accounted that 112 homes were sold this year. The properties have seen an overall increase in prices from last year.
||Average Price ($)
Frequently Asked Questions (FAQs)
How many homes for sale are available in Oxford?
Currently, 147 properties are listed on the Squareyards website for Oxford County.
How many residential properties are available in Oxford?
There is a diverse variety of Condos, apartments and single-home dwellings available in the Oxford region.
What is the median home price in Oxford?
The median home price in the Oxford region is $8,51,788.
What is the average price of a condo property in Oxford?
The average price of a condo property per the District real estate board is $8,04,600.
Can foreigners/ex-pats buy property in Oxford?
There are no restrictions on foreigners if they want to obtain property in Canada. However, the government would levy foreign buyer tax on property.
Which property is best to buy in Oxford?
The best property for you concerns your housing requirements. Oxford country offers a diverse range of housing options, which the buyer may select at their discretion.
Are detached or semi-detached properties for Sale available in Oxford?
There are 78 properties listed on the detached and semi-detached segment on the Squareyards website for Oxford.
Does Square Yards tells the Property's life in Oxford MLS?
Yes, Squareyards website provides cutting-edge features to assist users on every step of their home-buying process.
What amenities do I get on buying Oxford Property?
The amenities provided vary from property to property. Generally, a house owner in Oxford can soak in the serene view and enthralling ambience the countryside offers.
What is the minimum and maximum property price range in Oxford?
The prices of the property vary concerning the size and location. Real estate market trends also come into play to compute the property’s price.