Oxford’s housing market has cooled from its red-hot pandemic-era pace, but it’s far from weak. Prices are still climbing on a year-over-year basis, even as the market shifts toward more balance between buyers and sellers.

The Numbers at a Glance

• Median sale price: $459,000–$501,000, depending on the data source (up roughly 6–13% year-over-year)
• Median list price: $489,900, essentially flat month-over-month
• Average home value: $400,674, up 10.8% year-over-year (Zillow)
• Median days on market: 34 days, up about 10% from a year ago
• Sellers are getting: about 96.6% of their asking price
• Active listings: 300+, against roughly 60–130 sales a month
• Months of inventory: about 4 — the textbook definition of a “balanced” market

(Price figures vary by source because Zillow, Redfin, and the local MLS measure slightly different things — averages vs. medians, listings vs. closed sales. Together they paint a consistent picture: prices up, pace slower.)

Prices: Still Up, But Leveling Off

Home values in Oxford are up more than 25% over the past two to three years. That run isn’t over, but it is slowing. Sold prices dipped about 9% over the last three months and list prices are down roughly 10% year-over-year — a sign sellers are pricing more realistically instead of chasing bidding wars.

The Market Has More Breathing Room

A year ago, homes in Oxford were selling in about three weeks with multiple offers common. Now, with over 300 active listings and only 60–130 monthly sales, buyers have real choices for the first time in years. Some homes still go under contract in as little as 3 days; others sit for 47+ days, depending on price and condition.

What This Means

For buyers: More inventory means more leverage. You can negotiate, take your time, and avoid the panic-offer culture of 2021–2022.

For sellers: Pricing and presentation matter again. Overpriced listings sit; well-priced, well-presented homes still move fast.

The Bottom Line

Oxford’s market — driven heavily by the University of Mississippi, steady in-migration, and limited new construction — remains fundamentally healthy. It’s just no longer a seller’s free-for-all. Expect steady, single-digit price growth through the rest of 2026 rather than another sharp run-up.

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This post is for general information only and isn’t financial or legal advice. Talk to a local real estate professional before making a buying or selling decision.

Sources: Zillow, Redfin, and Kiamie Real Estate’s 2026 Oxford, MS market update.