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House Prices in OX16 House Prices in OX16 (Banbury)

The average house price in OX16 (Banbury) is £277,804 using HM Land Registry data.

The average property price increased by £34,703 (25.46%) over the last 5 years and increased by £6,937 (3.86%) over the last 12 months.

Over the last year, there were 509 residential property sales – a decrease of 447 transactions (-87.82%) relative to the previous year. The majority of house sales (129) were in the £208,000 - £266,000 range. Then came properties in the £266,000 - £324,000 range, where 109 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 66 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-7,931 (-2%).

In June 2024, there were 110 new estate agency instructions, 65 agreed home sales and 57 property price reductions.

Nearby Postcodes: CV35, CV36, CV47, NN11, NN12, NN13, OX15, OX17, OX25, OX27, OX7

5-Year Average Property Prices in OX16 (Banbury)

25.46%

Property prices in Banbury increased by 25.46% in last 5 years.

The trend shows the general price tendency over the last 5 years, ignoring all month-to-month fluctuations where anomalies - typically over or underpriced property sales - can skew results. These monthly variations typically do not have any long-term relevance.

We have used linear regression method. The volume of sales in a month is used to put more weight on months with a larger number of properties sold. Additionally, weighting decreases the impact of months with low sales volumes as well as the most recent month - which may consist of incomplete data. Such months have a higher variation of average sale values which may conceal the underlying trend.

From a statistical perspective, we use the least squares method to fit the trend line and weights are equal to the volume of sales squared. The volume of sales is not shown explicitly in the above plot. Also note the time lag for HM Land Registry data to appear (typically 2 to 3 months).

Average Property Prices in OX16 (Banbury) Over the Last Year

3.86%

Property prices in Banbury increased by 3.86% in last 12 months.

The trend shows the general price tendency over the last 12 months, ignoring all month-to-month fluctuations where anomalies - typically over or underpriced property sales - can skew results. These monthly variations typically do not have any long-term relevance.

We have used linear regression method. The volume of sales in a month is used to put more weight on months with a larger number of properties sold. Additionally, weighting decreases the impact of months with low sales volumes as well as the most recent month - which may consist of incomplete data. Such months have a higher variation of average sale values which may conceal the underlying trend.

From a statistical perspective, we use the least squares method to fit the trend line and weights are equal to the volume of sales squared. The volume of sales is not shown explicitly in the above plot. Also note the time lag for HM Land Registry data to appear (typically 2 to 3 months).

Property Market Heat Gauge for OX16 (Banbury) - June 2024

Our Property Market Heat Gauge looks at how long properties in your postcode district have been on the open market before being changed to sold 'Subject to Contract' ('STC') or 'Under Offer' on Rightmove (the UK's leading property portal).

At 61 to 80 days, the broad evidence suggests a slow moving market. This can often be due to estate agency over-valuations out of sync with the realities, a market slowdown or a combination of both. In such scenarios, some vendors may either choose to wait for the market to pick up (which may result in some relisting the property at a later date). Others simply reduce the price to a level that will entice more buyer interest or approach a sell house fast or auction company like Property Solvers.

Please note that this is not an indicator of how quickly property sales are taking to complete (i.e. to go through the whole conveyancing process). This measurement also does not take into account the risk of home sales falling through.

No. of New Instructions Over the Last 12 Months in OX16 (Banbury)

Using local estate agency reported data, this chart illustrates the number of properties that have come on to the market.

No. of Agreed Home Sales Over the Last 12 Months in OX16 (Banbury)

Using local estate agency reported data, this chart illustrates the number of property sales agreed. Note that these figures are not fully reflective of properties completed (sold and registered as such at HM Land Registry).

No. of Properties with Price Reductions in OX16 (Banbury)

Using local estate agency reported data, this chart illustrates the number of properties which have been seen their prices dropped (typically due to a lack of buyer interest).

Average Annual House Prices in the OX16 (Banbury) Postcode since 1995

Using HM Land Registry data, this chart displays average annual house prices in the OX16 postcode area since 1995.

Recent Sales in OX16 (Banbury)

AddressInitial PriceSold PricePrice ChangeFirst Listed DateSold DateDays to Sell
5 North Street, Banbury, Oxfordshire, OX16 3LH£242,000£237,500-£4,50018 Jan 202409 May 2024112 Days
51 Waller Drive, Banbury, Oxfordshire, OX16 9NS£599,950£590,000-£9,95002 Feb 202409 May 202497 Days
61 Cromwell Road, Banbury, Oxfordshire, OX16 0HE£210,000£205,000-£5,00018 Jan 202401 May 2024104 Days
1 Griffith Road, Banbury, Oxfordshire, OX16 1EF£329,950£318,000-£11,95011 Nov 202329 Apr 2024170 Days
Flat 27, Greenhill Court, Lodge Close, Banbury, Oxfordshire, OX16 9DF£182,500£178,000-£4,50014 Aug 202326 Apr 2024256 Days
31 Trinity Close, Banbury, Oxfordshire, OX16 0UA£325,000£325,000£0020 Sep 202323 Apr 2024216 Days
8 Frensham Close, Banbury, Oxfordshire, OX16 1FQ£239,950£235,000-£4,95005 Dec 202319 Apr 2024136 Days
70 Spencer Court, Britannia Road, Banbury, Oxfordshire, OX16 5EZ£169,950£88,000-£81,95007 Dec 201017 Apr 20244880 Days
52 West Bar Street, Banbury, Oxfordshire, OX16 9RZ£150,000£140,000-£10,00021 Apr 202315 Apr 2024360 Days
51 Austin Drive, Banbury, Oxfordshire, OX16 1DG£350,000£345,000-£5,00026 Dec 202305 Apr 2024101 Days
2 Lansdown Close, Banbury, Oxfordshire, OX16 9LH£550,000£510,000-£40,00004 Dec 202302 Apr 2024120 Days
147 Parklands, Banbury, Oxfordshire, OX16 2TD£199,950£187,500-£12,45028 Sep 202302 Apr 2024187 Days
34 Keats Road, Banbury, Oxfordshire, OX16 9QY£325,000£325,000£0001 Dec 202326 Mar 2024116 Days
81 Foscote Rise, Banbury, Oxfordshire, OX16 9XS£425,000£415,000-£10,00018 Oct 202322 Mar 2024156 Days
54 Sandford Green, Banbury, Oxfordshire, OX16 0SB£275,000£272,500-£2,50018 Oct 202313 Mar 2024147 Days
61 Waller Drive, Banbury, Oxfordshire, OX16 9NS£575,000£555,000-£20,00025 Jul 202312 Mar 2024231 Days
2 Devon Way, Banbury, Oxfordshire, OX16 1UJ£275,000£270,000-£5,00011 Oct 202308 Mar 2024149 Days
371 Bretch Hill, Banbury, Oxfordshire, OX16 0JB£259,950£250,000-£9,95018 Sep 202301 Mar 2024165 Days
24 Bramber Close, Banbury, Oxfordshire, OX16 0XF£260,000£260,000£0006 Apr 202329 Feb 2024329 Days
18 Queensway, Banbury, Oxfordshire, OX16 9LX£299,950£260,000-£39,95027 Jun 202326 Feb 2024244 Days

Most Expensive Streets in OX16 (Banbury)

PostcodeStreetAreaAverageNo. of Sales
OX16 9SBRobinswood, Broughton RoadBanbury£779,1683
OX16 9XFUmpires RoadBanbury£669,1254
OX16 9TZHightown PlaceBanbury£631,6663
OX16 9LGBloxham RoadBanbury£593,6005
OX16 9QHBroughton RoadBanbury£567,5004
OX16 9NSWaller DriveBanbury£538,5717
OX16 9GQParsons PieceBanbury£529,6669
OX16 9ANOxford RoadBanbury£524,7504
OX16 9JXBrowning RoadBanbury£521,2504
OX16 1JSFirtree CloseBanbury£490,2504

Least Expensive Streets in OX16 (Banbury)

PostcodeStreetAreaAverageNo. of Sales
OX16 4QSMarshall RoadBanbury£90,6258
OX16 9XTHightown RoadBanbury£93,1669
OX16 5EZSpencer Court, Britannia RoadBanbury£96,0007
OX16 5DTBarclays House, Christchurch CourtBanbury£98,5004
OX16 3LDSetler House, South Street, BanburyBanbury£112,8463
OX16 2PAChamberlaine Court, Spiceball Park RoadBanbury£113,19021
OX16 2AUFoxhall Court, School LaneBanbury£116,39419
OX16 4RPMerton StreetBanbury£118,6663
OX16 4NJDuke StreetBanbury£119,0559
OX16 5EYSpencer Court, Britannia RoadBanbury£120,6669

Explore OX16 (Banbury) using map

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