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Banbury market report OX16 2
The OX16 2 (Banbury) house price history in full, 1995 to 2026, in cash and in today's money. The raw material for this page is 2,411 HM Land Registry entries for OX16 2 (Banbury), going back to 1995: each an actual purchase at an actual price. Rents come from the ONS. Valuations, estimates and asking prices appear nowhere in it.
Covers registered sales to 2026 and ONS rents for May 2026. Refreshed monthly as new sales reach the register.
In short: 31 registered 2026 sales put the OX16 2 (Banbury) median at £277,000, down 4% on five years earlier, with a mean of £285,400, and by floor area homes here have averaged about £3,270 per square metre over the last five years. Everything rests on 2,411 completed HM Land Registry sales since 1995, refreshed monthly; valuations and asking prices play no part.
OX16 2 is one sector of OX16 (Banbury): a handful of streets, and the most local view the sold record can give. The price of that locality is lumpier charts, because each year's median rests on fewer sales.
Where OX16 2 sits
Shaded by median price on the same scale as the average prices map. Click any shape to open it on the live map with every sale plotted at its address, or zoom in past street level to see the sold homes right here.
The going rate for a home in OX16 2
Take the 31 registered 2026 sales in OX16 2 and the middle price, the median, is £277,000. The mean lands at £285,400, almost on top of it, so sales bunch tightly around the typical price.
What a square metre costs in OX16 2
Measured by floor area, the last five years of OX16 2 sales average about £3,270 per square metre. Price per square metre is the fair way to compare a one-bed flat with a four-bed house, and it comes from the Energy Performance Certificate on each sold home.
England and Wales as a whole trade at a £285,000 median, leaving OX16 2 3% below the national figure.
A typical OX16 2 home, priced year by year (1995 to 2026)
Two lines: the median in the money of its day, and the same years restated by ONS CPIH into today's money, which is the truer test of getting dearer. Hover for exact figures; click a legend entry to isolate a series.
See this chart as a table
| Year | Median (cash) | Median (today's £) | Sales |
|---|---|---|---|
| 2026 | £277,000 | £277,000 | 31 |
| 2025 | £255,000 | £261,098 | 86 |
| 2024 | £270,000 | £287,065 | 63 |
| 2023 | £250,000 | £274,689 | 64 |
| 2022 | £276,500 | £324,228 | 136 |
| 2021 | £287,500 | £364,012 | 112 |
| 2020 | £277,000 | £359,413 | 75 |
| 2019 | £280,000 | £367,013 | 108 |
| 2018 | £290,000 | £386,575 | 107 |
| 2017 | £295,000 | £402,350 | 112 |
| 2016 | £229,500 | £321,073 | 75 |
| 2015 | £190,000 | £268,470 | 63 |
| 2014 | £178,000 | £252,524 | 50 |
| 2013 | £175,000 | £251,808 | 55 |
| 2012 | £146,000 | £214,894 | 35 |
| 2011 | £155,500 | £234,745 | 50 |
| 2010 | £160,000 | £250,921 | 35 |
| 2009 | £152,500 | £245,145 | 52 |
| 2008 | £169,000 | £277,027 | 29 |
| 2007 | £170,000 | £288,367 | 69 |
| 2006 | £168,500 | £292,494 | 82 |
| 2005 | £162,800 | £289,718 | 94 |
| 2004 | £135,000 | £245,186 | 72 |
| 2003 | £124,000 | £228,438 | 64 |
| 2002 | £104,000 | £195,675 | 70 |
| 2001 | £93,500 | £179,749 | 95 |
| 2000 | £87,500 | £171,719 | 75 |
| 1999 | £73,000 | £145,485 | 73 |
| 1998 | £59,000 | £119,096 | 100 |
| 1997 | £59,500 | £122,022 | 122 |
| 1996 | £55,000 | £115,993 | 85 |
| 1995 | £47,500 | £103,258 | 72 |
In cash terms the typical OX16 2 home went from £47,500 in 1995 to £277,000 in 2026, roughly 6 times the price. Adjusted for inflation it still comes to a real rise of roughly 168%, so homes here got dearer in substance, not only in cash. In inflation-adjusted terms the high-water mark was 2017. The market now sits about 31% below it, so a peak-time purchase has yet to recover its real value.
Year-on-year change in the OX16 2 median
Each bar is the change on the year before, in cash. The zero line is the boundary between rising and falling.
The strongest year on record here is 2017 (+28.5% on the year before); the weakest, 2009 (−9.8%). Single-year swings like these are why the annualised table below matters more than any one year's headline.
Annualised returns
| Period | Cash, per year | Real terms, per year |
|---|---|---|
| 1 years (since 2025) | +8.6% | +6.1% |
| 5 years (since 2021) | −0.7% | −5.3% |
| 10 years (since 2016) | +1.9% | −1.5% |
| 20 years (since 2006) | +2.5% | −0.3% |
The table annualises median growth over each period, with the real column deflated by ONS CPIH. Smoothing hides the cycle (see the chart above for it), and none of this forecasts: it is the record.
The turnover behind the prices
The year-by-year sales count
Annual recorded sales. The post-2008 trough is the financial crisis; treat the final bar as provisional while registrations catch up.
The register shows 31 OX16 2 sales across the most recent twelve months of data. Turnover has held fairly steady across the cycle: about 76 sales a year recently, against 78 a year before 2008. Watch the volume as closely as the price. Thin years make jumpy medians, where one street's sales can move the figure, and the newest year is always incomplete because registrations trail completions by weeks or months.
How OX16 2 trades
Only 31 sales completed here in the last twelve months of data, which makes OX16 2 a thin market. Each figure rests on few transactions, so single streets can swing the median and the charts deserve a sceptical squint.
The rental side of OX16 2
The local authority for OX16 2 is Cherwell, and its ONS average private rent currently stands at £1,289 a month (May 2026 figures). The spread runs from £963 a month for a typical one-bed to £2,181 at four-plus bedrooms, which is size doing most of the pricing.
Average monthly rent by size, Cherwell
ONS Price Index of Private Rents, May 2026.
Set against the £277,000 median sold price, £1,289 a month is £15,468 a year, a gross yield of 5.6%: gross, before letting costs, voids, maintenance and tax, so a ceiling rather than a promise. Rents are published at local-authority level, so nearby districts in the same authority share these figures.
What people ask about OX16 2 (Banbury)
How much did a house sell for in OX16 2 (Banbury)?
Are property prices falling in OX16 2 (Banbury)?
Is OX16 2 (Banbury) a good place to buy a house?
Will OX16 2 prices rise from here?
Prediction is not this page's business. Its business is the record, which says: the median is down 4% over five years in cash but down 24% after inflation. Read the volume chart with the price chart before acting on either, remembering that registrations trail the deals themselves by weeks.
On the market in OX16 today
Turning to what is actually available: 462 homes on the market right now, from 8 agents publishing to HomesIndex.
These cover the whole OX16 district, not just OX16 2: live asking prices are collected per district.
Of everything listed here, 28% asks less than the sold record of comparable homes. Every listing is measured against recent recorded sales of similar nearby homes.
- Foscote Rise, Banbury, Oxfordshire, Banbury
- Lord Fielding Close, Banbury, Banbury
- Oxford Road, Banbury
"Under comparable sales" compares each asking price with what similar homes nearby actually sold for. It is a starting point for a conversation, not a valuation. Always look at the home itself.
See every OX16 home for sale on the map →
Refreshed every Monday and Thursday from agents' own feeds to HomesIndex, so a sample of the market rather than all of it. An asking price remains an ask, not a sale.
Moving up a bedroom in OX: the cost
The Land Registry record, split by size: what each kind of home actually sold for across the OX area. The jump between sizes is local: in some areas a third bedroom adds a quarter to the price, in others nearly four fifths, so a national rule of thumb will mislead you here.
| Type | 1 bed | 2 bed | 3 bed | 4 bed | 5 bed |
|---|---|---|---|---|---|
| Detached | — | £390,000 | £512,000 (+31%) | £750,000 (+46%) | £1,175,000 (+57%) |
| Semi-detached | £285,000 | £350,000 (+23%) | £413,375 (+18%) | £550,000 (+33%) | £848,750 (+54%) |
| Terraced | £275,000 | £322,500 (+17%) | £385,000 (+19%) | £506,000 (+31%) | £848,725 (+68%) |
| Flat | £200,000 | £255,000 (+27%) | £475,000 (+86%) | £625,500 (+32%) | — |
Built from the last four years of recorded sales by form and bedroom count. Bedroom counts are estimated from EPC records (the register carries none), so expect a small number of homes one size adrift. Sizes with too few homes to be meaningful are left blank.
The risers and the fallers
The spread across the OX area is the point: the same five years treated these districts very differently.
Winners and losers across the OX area, five years
The biggest risers and fallers in cash terms; every row links to that district's report.
Other sectors in OX16
Sector boundaries hide real price steps. The rest of OX16, one report each:
| Sector | Median (latest) | Sales that year |
|---|---|---|
| OX16 0 | £268,000 | 21 |
| OX16 1 | £287,000 | 57 |
| OX16 3 | £260,000 | 23 |
| OX16 4 | £237,500 | 24 |
| OX16 5 | £191,200 | 12 |
| OX16 9 | £352,500 | 75 |
Zoom out to the full OX16 district report for the type split, monthly volumes and how OX16 compares with its neighbours.
Thinking of selling in OX16 2? Get a rough value first
Start from what homes here actually sold for, not an estimate. Before booking a house valuation or flat valuation in OX16 2, use the average prices map for a rough value: zoom from OX16 2's shading down to the sold homes on your own street. The figures above are every recorded OX16 2 sale; agents price with this same Land Registry record, and now you have it too.
For local estate agents: each district report carries one featured-agent spot, free while founding places last. Claim OX16 2.
Take it further
The AI answers from the same Land Registry data this report is built on, already scoped to OX16 2. Free after a one click sign in.
See every individual OX16 2 sale on the live map, mapped to the exact address, or zoom the average prices map from neighbourhood shading down to single homes. The report tool writes a custom answer to a specific question, and the mortgage and rent calculator on any sale runs the numbers on a real purchase.
Method, briefly: HM Land Registry Price Paid Data (Crown copyright, OGL v3.0) supplies every sale, geocoded to address level; CPIH from the ONS restates prices in today's money; ONS local-authority figures supply the rents. Medians of real sales, not valuations. No part of this page is financial advice.