Property prices for sale in Oxford (Alabama)
The prices in real estate in Oxford, in the Alabama region have had a strong rise in the last couple of months. The real estate prices for second hand homes have gone through a strong increase in this city.
The price per sq.feet in Oxford has increased strongly during the last 6 months. In October, the average price per sq.feet was $132. In November this price pretty much remained the same at a value of $128 per sq.feet. In the following two months the price per sq.feet has increased 110 %, going from $130 to $142.5 per sq.feet. The price per sq.feet has had a considerable increase of 318 % in the last two months compared to the average price for the previous four months. This was obtained by comparing the first four months of the period going from a price per sq.feet of $136.25 to $433.5 during February, and March.
Based upon to the price in Oxford (cities), this has gone up in the last 6 months. In our first sample month during October, the average price is $233,901. In November This price remains at $224,882. During the following two months (December, January) the price has had an average incrementation from $229,391.5 to $252,312.5. Based on an analysis of the first four prices and the last two months the average price has risen strongly 118 % during the last two months.
The graph displaying the average price for bedrooms illustrates that those properties with 2 bedrooms are the cheapest ones. At a price of $271,831 they are 61 % more affordable than the average price for Oxford. The properties with the highest average price have 1 bedroom, Their price is 62 % more costly than the average. After that we have properties with 4 bedrooms priced at $299,825.
With regard to the average price per sq.feet , those properties with 2 bedrooms are the cheapest ones at a cost of $68 / sq.feet, with an average $546 / sq.feet price in Oxford. The properties with the highest average prices have 1 bedroom. They are 29 % more expensive than the average followed by properties with 3 bedrooms with a price at $130 / sq.feet.
The graph displaying the average prices displays the property type "Condo" as the most affordable one. At an cost of $271,831 it is 96 % cheaper than the average price in Oxford. "Land" is seen as the second most affordable property type. The cheapest type property is "House" followed by "Detached House". At a price of $230,941 it is 6 % more affordable than the average price.
According to the average cost per sq.feet, the cheapest property type is "Condo" at an average cost of $11 / sq.feet followed by "Detached House" priced at $123 / sq.feet. "Land" is the most costly type of property with a $17,634 / sq.feet cost followed by "House" with an average price of $132 / sq.feet.
