Is Opa-locka, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Opa-locka was a Seller's Market.
Housing Prices in Opa-locka, FL
How much do homes in Opa-locka, FL cost?
Median Sold Price
$387,500
$343/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Opa-locka was $387,500 in May 2024, up 16.5% from last year, and the median price per square foot was $343.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $157K | $170K | +8.3% |
2 Bedrooms | $290K | $315K | +8.6% |
3 Bedrooms | $351K | $402.5K | +14.7% |
4 Bedrooms | $380K | $455K | +19.7% |
5+ Bedrooms | $476.2K | $535K | +12.3% |
Summary: Opa-locka housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 8.3%, 2 bedroom homes increased by 8.6%, 3 bedroom homes increased by 14.7%, 4 bedroom homes increased by 19.7%, and 5+ bedroom homes increased by 12.3%.
Median Sold Price Compared To Nearby Cities
Opa-locka | $332.5K | $387.5K | +16.5% |
North Miami | $360K | $400K | +11.1% |
Hialeah | $409.3K | $450.7K | +10.1% |
Miami Gardens | $419.1K | $455.2K | +8.6% |
Housing Supply in Opa-locka, FL
How many homes are available in Opa-locka, FL?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
32 | 31 | -3.1% |
Summary: The Opa-locka real estate market had 31 homes for sale in May 2024, a 3.1% decrease compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 11 | 8 | -27.3% |
3 Bedrooms | 14 | 17 | +21.4% |
4 Bedrooms | 3 | 2 | -33.3% |
5+ Bedrooms | 4 | 4 | 0.0% |
Summary: The Opa-locka housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 27.3%, 3 bedroom homes increased by 21.4%, 4 bedroom homes decreased by 33.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
8 | 5 | -37.5% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 5 homes were sold or pending in Opa-locka in May 2024, down by 37.5% month-over-month. Of the 5 sold homes, 40% were sold under asking, 20% were sold at asking, and 40% were sold over asking.
Days on Market for Opa-locka, FL
How long does it take to sell a home in Opa-locka, FL?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
20 Days | 30 Days | +50.8% |
Summary: Homes in Opa-locka had an average of 30 days on market in May 2024, up by 50.8% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During May 2024, 5 homes were sold in Opa-locka; 60% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.