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House Prices in OX15

The average house price in OX15 (Banbury) is £326,400 using HM Land Registry data.

The average property price increased by £208,182 (27.16%) over the last 5 years and increased by £41,618 (4.07%) over the last 12 months.

Over the last year, there were 170 residential property sales – a decrease of 144 transactions (-84.71%) relative to the previous year. The majority of house sales (47) were in the £360,000 - £480,000 range. Then came properties in the £240,000 - £360,000 range, where 44 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 46 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-21,747 (-3%).

In June 2024, there were 84 new estate agency instructions, 45 agreed home sales and 42 property price reductions.

5-Year Average Property Prices in OX15 (Banbury)

27.16%

Property prices in Banbury increased by 27.16% 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 OX15 (Banbury) Over the Last Year

4.07%

Property prices in Banbury increased by 4.07% 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.

Property Market Heat Gauge for OX15 (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 41 to 60 days, the broad evidence suggests that the market is reasonably slow moving. Although some sellers in your postcode may be willing to wait up to 9 weeks, this data would suggest that estate agents may be overvaluing properties. In such scenarios, some vendors may either choose to wait for the market to pick up (which may result in 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 OX15 (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 OX15 (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 OX15 (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 OX15 (Banbury) Postcode since 1995

Using HM Land Registry data, this chart displays average annual house prices in the OX15 postcode area since 1995.

Recent Sales in OX15 (Banbury)

Address	Initial Price	Sold Price	Price Change	First Listed Date	Sold Date	Days to Sell
3 Colegrave Road, Bloxham, Banbury, Oxfordshire, OX15 4NT	£535,000	£507,000	-£28,000	17 Mar 2023	03 May 2024	413 Days
Flat 3, Grove Court, The Grove, Deddington, Banbury, Oxfordshire, OX15 0TZ	£100,000	£95,000	-£5,000	14 Sep 2023	17 Apr 2024	216 Days
16 Sideleigh Road, Bodicote, Banbury, Oxfordshire, OX15 4AY	£260,000	£250,000	-£10,000	22 Dec 2023	16 Apr 2024	116 Days
1 Strawberry Hill, Bloxham, Banbury, Oxfordshire, OX15 4NN	£350,000	£342,500	-£7,500	06 Dec 2023	04 Apr 2024	120 Days
10 Church Street, Bodicote, Banbury, Oxfordshire, OX15 4DW	£250,000	£235,000	-£15,000	05 Dec 2023	02 Apr 2024	119 Days
52 Danvers Road, Broughton, Banbury, Oxfordshire, OX15 5DU	£380,000	£359,500	-£20,500	31 Aug 2023	22 Mar 2024	204 Days
26 Well Bank, Hook Norton, Banbury, Oxfordshire, OX15 5LN	£350,000	£342,000	-£8,000	15 Aug 2023	29 Feb 2024	198 Days
12 Blackwood Place, Bodicote, Banbury, Oxfordshire, OX15 4BE	£425,000	£410,000	-£15,000	25 Jul 2023	26 Feb 2024	216 Days
9 Colegrave Road, Bloxham, Banbury, Oxfordshire, OX15 4NT	£325,000	£325,000	£00	23 Oct 2023	31 Jan 2024	100 Days
Hillside, Ivy Lane, Shutford, Banbury, Oxfordshire, OX15 6PD	£750,000	£750,000	£00	20 Oct 2023	17 Jan 2024	89 Days
20 Hollybush Road, Hook Norton, Banbury, Oxfordshire, OX15 5LY	£450,000	£415,000	-£35,000	13 Sep 2023	05 Jan 2024	114 Days
8 New Road, Milcombe, Banbury, Oxfordshire, OX15 4RJ	£230,000	£220,000	-£10,000	24 Aug 2023	20 Dec 2023	118 Days
West Winds, West Street, Shutford, Banbury, Oxfordshire, OX15 6PH	£295,000	£265,000	-£30,000	16 Jun 2023	19 Dec 2023	186 Days
14 Old Road, Ratley, Banbury, Warwickshire, OX15 6DL	£265,000	£245,000	-£20,000	22 Nov 2023	18 Dec 2023	26 Days
Briar Cottage, High Street, Shutford, Banbury, Oxfordshire, OX15 6PQ	£400,000	£390,000	-£10,000	25 Jul 2023	12 Dec 2023	140 Days
Orchard End, Bells Lane, Hook Norton, Banbury, Oxfordshire, OX15 5LJ	£425,000	£420,000	-£5,000	20 Sep 2023	08 Dec 2023	79 Days
Orchardways, Main Street, North Newington, Banbury, Oxfordshire, OX15 6AE	£700,000	£678,500	-£21,500	03 May 2023	06 Dec 2023	217 Days
Hollyberries, The Bourne, Hook Norton, Banbury, Oxfordshire, OX15 5PB	£395,000	£385,000	-£10,000	17 May 2023	22 Nov 2023	189 Days
19 Crab Tree Close, Bloxham, Banbury, Oxfordshire, OX15 4SE	£525,000	£510,000	-£15,000	28 Feb 2023	08 Nov 2023	253 Days
66 Winters Way, Bloxham, Banbury, Oxfordshire, OX15 4QS	£220,000	£200,000	-£20,000	24 Jul 2023	06 Nov 2023	105 Days

Most Expensive Streets in OX15 (Banbury)

Postcode	Street	Area	Average	No. of Sales
OX15 4JE	South Newington	Banbury	£1,936,666	3
OX15 5TB	Upper Tadmarton	Banbury	£1,186,000	5
OX15 5BE	Sutton Under Brailes	Banbury	£999,000	5
OX15 4JX	School Lane, Wigginton	Banbury	£970,000	8
OX15 6AQ	School Lane, North Newington	Banbury	£921,875	4
OX15 0PA	Clifton	Banbury	£913,333	3
OX15 4LD	Wigginton	Banbury	£905,000	3
OX15 6BJ	Horley	Banbury	£858,125	4
OX15 0TH	Earls Lane, Deddington	Banbury	£831,666	3
OX15 4BT	Paddock Farm Lane, Bodicote	Banbury	£817,525	4

Least Expensive Streets in OX15 (Banbury)

Postcode	Street	Area	Average	No. of Sales
OX15 6BA	Friars Hill, Wroxton	Banbury	£88,750	4
OX15 0TZ	The Grove, Deddington	Banbury	£175,918	8
OX15 4AN	Keyser Road, Bodicote	Banbury	£197,400	5
OX15 4HA	Quarry Close, Bloxham	Banbury	£202,937	8
OX15 4QS	Winters Way, Bloxham	Banbury	£219,928	14
OX15 4RJ	New Road, Milcombe	Banbury	£231,500	4
OX15 4RX	The Green, Milcombe	Banbury	£232,741	6
OX15 4GD	Robins Way, Bodicote	Banbury	£237,664	7
OX15 4RN	Newcombe Close, Milcombe	Banbury	£249,481	6
OX15 4SB	Barlow Close, Milcombe	Banbury	£250,000	3