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House Prices in OX16 House Prices in OX16 (Banbury)

The average house price in OX16 (Banbury) is £283,363 using HM Land Registry data.

The average property price increased by £26,013 (25.46%) over the last 5 years and increased by £5,212 (3.86%) over the last 12 months.

Over the last year, there were 471 residential property sales – a decrease of 275 transactions (-58.39%) relative to the previous year. The majority of house sales (115) were in the £206,000 - £262,000 range. Then came properties in the £262,000 - £318,000 range, where 98 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 88 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-7,931 (-2%).

In Oct 24, there were 110 new estate agency instructions, 92 agreed home sales and 84 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) - Oct 24

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 81 to 100 days, the broad evidence suggests a very slow moving market. This can often be due to estate agency over-valuations out of sync with the realities, a notable market slowdown or a combination of both. In such scenarios, vendors may either choose to wait for the market to pick up (which may result in relisting the property at a later date). Those committed to selling will often need to drop the price to a level that will entice genuine homebuyer 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
179 Bloxham Road, Banbury, Oxfordshire, OX16 9JU£500,000£500,000£0006 Mar 202427 Aug 2024174 Days
52 Queens Road, Banbury, Oxfordshire, OX16 0ED£245,000£245,000£0015 Apr 202422 Aug 2024129 Days
15 Easington Road, Banbury, Oxfordshire, OX16 9HH£289,500£289,000-£50002 Feb 202420 Aug 2024200 Days
6 Keats Road, Banbury, Oxfordshire, OX16 9QY£310,000£295,000-£15,00017 May 202414 Aug 202489 Days
77 Bloxham Road, Banbury, Oxfordshire, OX16 9JS£410,000£410,000£0012 Apr 202413 Aug 2024123 Days
40 Britannia Road, Banbury, Oxfordshire, OX16 5DW£265,000£255,000-£10,00026 Jan 202412 Aug 2024199 Days
25 Western Crescent, Banbury, Oxfordshire, OX16 9BX£270,000£255,000-£15,00012 Mar 202412 Aug 2024153 Days
13 Ribston Close, Banbury, Oxfordshire, OX16 1AW£320,000£315,000-£5,00002 Feb 202409 Aug 2024189 Days
29 Frensham Close, Banbury, Oxfordshire, OX16 1FQ£250,000£240,000-£10,00020 Apr 202305 Aug 2024473 Days
123 Bretch Hill, Banbury, Oxfordshire, OX16 0LB£260,000£260,000£0023 Jan 202402 Aug 2024192 Days
Flat 24, Greenhill Court, Lodge Close, Banbury, Oxfordshire, OX16 9DF£182,500£175,000-£7,50003 Aug 202331 Jul 2024363 Days
4 Frensham Close, Banbury, Oxfordshire, OX16 1FQ£245,000£243,000-£2,00001 May 202430 Jul 202490 Days
5 Usher Drive, Banbury, Oxfordshire, OX16 1AG£299,995£285,000-£14,99516 Apr 202429 Jul 2024104 Days
63 Waltham Gardens, Banbury, Oxfordshire, OX16 4FB£247,500£243,000-£4,50029 Feb 202429 Jul 2024151 Days
128 Coopers Gate, Banbury, Oxfordshire, OX16 2WD£400,000£380,000-£20,00018 Jan 202426 Jul 2024190 Days
17 Powys Grove, Banbury, Oxfordshire, OX16 0UG£450,000£440,000-£10,00015 Feb 202426 Jul 2024162 Days
19 West Street, Banbury, Oxfordshire, OX16 3HA£340,000£335,000-£5,00007 May 202425 Jul 202479 Days
30 North Street, Banbury, Oxfordshire, OX16 3LH£239,950£235,000-£4,95003 Oct 202323 Jul 2024294 Days
12 Austin Drive, Banbury, Oxfordshire, OX16 1DJ£295,000£285,000-£10,00011 May 202319 Jul 2024435 Days
30 Cope Road, Banbury, Oxfordshire, OX16 2EH£375,000£366,000-£9,00014 Feb 202419 Jul 2024156 Days

Most Expensive Streets in OX16 (Banbury)

PostcodeStreetAreaAverageNo. of Sales
OX16 9SBRobinswood, Broughton RoadBanbury£779,1683
OX16 9XFUmpires RoadBanbury£669,1254
OX16 9LHLansdown CloseBanbury£582,3333
OX16 9LGBloxham RoadBanbury£579,5004
OX16 9QHBroughton RoadBanbury£567,5004
OX16 9NSWaller DriveBanbury£538,5717
OX16 9ANOxford RoadBanbury£524,7504
OX16 9JXBrowning RoadBanbury£521,2504
OX16 9GQParsons PieceBanbury£515,20010
OX16 9TWHomestead RoadBanbury£495,0003

Least Expensive Streets in OX16 (Banbury)

PostcodeStreetAreaAverageNo. of Sales
OX16 4QSMarshall RoadBanbury£91,9647
OX16 9XTHightown RoadBanbury£93,1669
OX16 5EZSpencer Court, Britannia RoadBanbury£95,5008
OX16 5DTBarclays House, Christchurch CourtBanbury£98,5004
OX16 2PAChamberlaine Court, Spiceball Park RoadBanbury£110,65719
OX16 2AUFoxhall Court, School LaneBanbury£111,65719
OX16 3LDSetler House, South Street, BanburyBanbury£112,8463
OX16 5EYSpencer Court, Britannia RoadBanbury£115,7508
OX16 4RPMerton StreetBanbury£118,6663
OX16 4NJDuke StreetBanbury£120,5628

Explore OX16 (Banbury) using map

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