Real estate in Oxford is at a premium.
The University of Mississippi provides academic and cultural opportunities, as well as top-quality SEC sports for fans’ enjoyment.
With the added presence of excellent medical facilities and schools, Oxford is a place where everybody wants to live.
Ole Miss is admitting record numbers of students, perhaps as many as 6,500 freshmen next year.
The city’s overall population is growing at a rate of nearly 2 percent annually and the market is in a perpetual state of flux.
According to the most recent data, dwellings in Oxford are selling faster and at higher prices. For example, as of March, 119 residential homes were either for sale or being built in the Oxford School District.
The median cost was $695,000, and they stayed on the market an average of 99 days. That’s compared to 2024, when, among 479 listings, the median cost was $465,000, with 114 days on the market. As for condos, 76 were either ready to occupy or being built as of March, at a median cost of $482,475.
They have remained on the market an average of 63 days. Compare that to 2024, when, among 573 condo listings, the median cost was $439,000, with an average 114 days on the market. In terms of mid-range housing, as of March, the number of available residential homes, ranging from 1,500 to 2,450 square feet, was 22, with an average price of $656,000.
Census data shows that from 2019-2023, 43.6 percent of housing units were owner-occupied, indicating that while rental property is abundant, real estate ownership is a robust investment in Oxford. Indicators show that availability is struggling to keep up with demand.
Home values are expected to rise 2 percent by August, indicating strong demand and limited supply. This corresponds with a projected 7-12 percent increase in home values nationally.
