Is Oakland Park, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, Oakland Park was a Seller's Market.
Key Takeaway
Oakland Park is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Oakland Park, FL
How much do homes in Oakland Park, FL cost?
Median Sold Price
$385,500
$303/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Oakland Park have sold for 5.6% more than they did a year ago.
Summary: The median home sold price in Oakland Park was $385,500 in March 2024, up 5.6% from last year, and the median price per square foot was $303.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $155K | $174K | +12.3% |
| 2 Bedrooms | $240K | $260K | +8.3% |
| 3 Bedrooms | $463.4K | $479K | +3.4% |
| 4 Bedrooms | $600K | $590K | -1.7% |
| 5+ Bedrooms | $748.5K | $650K | -13.2% |
Summary: Oakland Park housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 12.3%, 2 bedroom homes increased by 8.3%, 3 bedroom homes increased by 3.4%, 4 bedroom homes decreased by 1.7%, and 5+ bedroom homes decreased by 13.2%.
Median Sold Price Compared To Nearby Cities
| Lauderdale Lakes | $134K | $152.9K | +14.1% |
| Fort Lauderdale | $439.9K | $475K | +8.0% |
| Oakland Park | $365K | $385.5K | +5.6% |
| Pompano Beach | $355.4K | $356.9K | 0.4% |
| Wilton Manors | $587.7K | $527.5K | -10.2% |
Housing Supply in Oakland Park, FL
How many homes are available in Oakland Park, FL?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 183 | 214 | +16.9% |
Summary: The Oakland Park real estate market had 214 homes for sale in March 2024, a 16.9% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 21 | 25 | +19.0% |
| 2 Bedrooms | 87 | 95 | +9.2% |
| 3 Bedrooms | 56 | 72 | +28.6% |
| 4 Bedrooms | 16 | 20 | +25.0% |
| 5+ Bedrooms | 3 | 2 | -33.3% |
Summary: The Oakland Park housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 19%, 2 bedroom homes increased by 9.2%, 3 bedroom homes increased by 28.6%, 4 bedroom homes increased by 25%, and 5+ bedroom homes decreased by 33.3%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 21 | 27 | +28.6% |
Asking Price vs. Sold Price
19 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Oakland Park, you may be able to get a good deal. 70.4% of homes here sold below asking price last month.
Summary: A total of 27 homes were sold or pending in Oakland Park in March 2024, up by 28.6% month-over-month. Of the 27 sold homes, 70% were sold under asking, 19% were sold at asking, and 11% were sold over asking.
Days on Market for Oakland Park, FL
How long does it take to sell a home in Oakland Park, FL?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 52 Days | 64 Days | +21.9% |
Summary: Homes in Oakland Park had an average of 64 days on market in Mar 2024, up by 21.9% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
10 Homes Were Sold
In 30 - 90 Days
8 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Oakland Park has remained consistent over time.
Summary: During March 2024, 27 homes were sold in Oakland Park; 33% of homes were sold within 30 days, 37% of homes were sold within 30 to 90 days, and 30% of homes were sold over 90 days.
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