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Banbury House Prices Banbury House Prices

The average house price in Banbury is £256,664 using HM Land Registry data.

The average property price increased by £27,672 (10.26%) over the last 5 years and increased by £5,531 (1.9%) over the last 12 months.

Over the last year, there were 515 residential property sales – a decrease of 444 transactions (-86.21%) relative to the previous year. The majority of house sales (128) were in the £198,000 - £256,000 range. Then came properties in the £256,000 - £314,000 range, where 115 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 84 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-11,709 (-2%).

In April 2024, there were 125 new estate agency instructions, 57 agreed home sales and 42 property price reductions.

Neighbouring Areas: Bodicote

Postcodes Covered: OX15, OX16, OX17

5-Year Average Property Prices in Banbury

10.26%

Property prices in Banbury increased by 10.26% 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 Banbury Over the Last Year

1.9%

Property prices in Banbury increased by 1.9% 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 Banbury - April 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 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 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 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 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 Banbury since 1995

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

Recent Property Sales in Banbury

AddressInitial PriceSold PricePrice ChangeFirst Listed DateSold DateDays to Sell
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
5 Dorchester Grove, Banbury, Oxfordshire, OX16 0BD£420,000£415,000-£5,00013 Sep 202323 Feb 2024163 Days
49 Wellington Avenue, Banbury, Oxfordshire, OX16 3QL£297,000£289,000-£8,00017 Aug 202323 Feb 2024190 Days
47 Waltham Gardens, Banbury, Oxfordshire, OX16 4FB£235,000£225,000-£10,00031 Jul 202323 Feb 2024207 Days
70 Withycombe Drive, Banbury, Oxfordshire, OX16 0SJ£260,000£250,000-£10,00007 Nov 202323 Feb 2024108 Days
19 Farmfield Road, Banbury, Oxfordshire, OX16 9AP£450,000£441,000-£9,00018 Sep 202320 Feb 2024155 Days
7 Laurel Close, Banbury, Oxfordshire, OX16 9HB£360,000£356,000-£4,00020 Oct 202320 Feb 2024123 Days
21 Lapsley Drive, Banbury, Oxfordshire, OX16 1EL£250,000£250,000£0004 Aug 202309 Feb 2024189 Days
8 Chepstow Gardens, Banbury, Oxfordshire, OX16 0JT£249,950£245,000-£4,95017 Nov 202308 Feb 202483 Days
16 Guernsey Way, Banbury, Oxfordshire, OX16 1UE£199,950£193,500-£6,45004 Sep 202307 Feb 2024156 Days
36 Foscote Rise, Banbury, Oxfordshire, OX16 9XN£450,000£432,500-£17,50021 Aug 202306 Feb 2024169 Days
48 Stroud Close, Banbury, Oxfordshire, OX16 3ZN£425,000£425,000£0018 Aug 202302 Feb 2024168 Days
13 Mewburn Road, Banbury, Oxfordshire, OX16 9PQ£250,000£235,000-£15,00011 Sep 202302 Feb 2024144 Days
76 Beaconsfield Road, Banbury, Oxfordshire, OX16 9EP£260,000£230,000-£30,00005 Oct 202331 Jan 2024118 Days
22 Queens Road, Banbury, Oxfordshire, OX16 0EB£299,950£295,000-£4,95024 Oct 202331 Jan 202499 Days

Most Expensive Streets in Banbury

PostcodeStreetAreaAverageNo. of Sales
OX16 9SBRobinswoodBroughton Road£779,1683
OX16 9TZHightown PlaceBanbury£631,6663
OX16 9LGBloxham RoadBanbury£593,6005
OX16 9QHBroughton RoadBanbury£567,5004
OX16 9NSWaller DriveBanbury£530,0006
OX16 9GQParsons PieceBanbury£529,6669
OX16 9ANOxford RoadBanbury£524,7504
OX16 9JXBrowning RoadBanbury£521,2504
OX16 1JSFirtree CloseBanbury£490,2504
OX16 2DEBanbury ViewBanbury£480,5539

Least Expensive Streets in Banbury

PostcodeStreetAreaAverageNo. of Sales
OX16 9XTHightown RoadBanbury£93,35010
OX16 4QSMarshall RoadBanbury£98,6669
OX16 5DTBarclays HouseChristchurch Court£101,3333
OX16 5EZSpencer CourtBritannia Road£102,5836
OX16 3LDSetler HouseSouth Street, Banbury£112,8463
OX16 2PAChamberlaine CourtSpiceball Park Road£113,19021
OX16 5DZHigh StreetBanbury£114,1254
OX16 4RPMerton StreetBanbury£118,6663
OX16 5EYSpencer CourtBritannia Road£120,10010
OX16 2AUFoxhall CourtSchool Lane£121,69021

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