Oxford Michigan, homes for sale and homes sold in the Oxford school district, market report for September 2014.
Real estate market data for Oxford MI, provided by Donald Horne of Coldwell Banker Shooltz Realty and Realcomp LTD.
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Market overview in the 48371-48370 area.
In the last 45 days there have been 47 homes sold with an average price of $218,100. This price includes residential and condos in the 48370 / 48371 zip code area. The average days on market until sold is at 50 days, which is about 5 days longer than last year at this time. As of today (09/22/14) there are 62 active homes and condos for sale, giving us 1.2 months of inventory .
As I have said before, anything below 5 months of inventory is a sellers market and anything above 6 months of inventory is a buyers market. With only 1.2 months of homes on the market, this is clearly a sellers market in the Oxford area.
Examples of recent sales.
Keble Ln, sold in 201 days for $126,112 with 3 bedrooms, 1537 sq.ft, basement and garage
Nippigon St, sold in 12 days for $152,500 with 3 bedrooms, 1466 sq.ft, garage
Gill St, sold in 10 days for $162,000 with 3 bedrooms, 1076 sq.ft, basement and garage
Queens St, sold for $167,000 in 16 days
Chesapeake Ct, sold in 11 days for $197,500 with 3 bedrooms, 1402 sq.ft, basement and garage
Woodbriar Dr, sold in 120 days for $203,500 with 3 bedrooms, 2000 sq.ft, basement and garage
Thornehill Trl, sold in 43 days for $209,000 with 3 bedrooms, 1823 sq.ft, colonial with basement and garage
Mortgage information for Oxford
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Donald Horne, Team Success Listing – video
Associate Broker for Coldwell Banker Shooltz Realty