Is Oakland Park, FL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Oakland Park is a seller's market

Buyer's
Market

Difference Since June 2021

Since last year, Oakland Park has remained a Seller's Market.

Key Takeaway

Oakland Park is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

How much do homes in Oakland Park, FL cost?

Median Sold Price

$335,000

$264/sqft

Based on all homes sold in the last 12 months.

Difference Since June 2021

+$52,500(+18.6%)

Key Takeaway

Homes in Oakland Park have sold for 18.6% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSJun 2021Jun 2022%
1 $125K$148.9K
+19.2%
2 $171K$215K
+25.7%
3 $353.6K$418K
+18.2%
4 $360K$472.5K
+31.3%
5+ -$820K
N/A

Median Sold Price Compared To Nearby Cities

Wilton Manors
+27.8%
Pompano Beach
+25.9%
Lauderdale Lakes
+20.1%
Fort Lauderdale
+19.9%
Oakland Park
+18.6%

How many homes are available in Oakland Park, FL?

Number of Homes For Sale

May 2022Jun 2022%
106100-5.7%

Homes For Sale By Bedroom Count

# BEDSMay 2022Jun 2022%
1 67
+16.7%
2 5244
-15.4%
3 3736
-2.7%
4 1113
+18.2%
5+ 00
0.0%

Number of Homes Sold

May 2022Jun 2022%
3324-27.3%

Asking Price vs. Sold Price

10 Homes Were Sold
Under Asking

5 Homes Were Sold
At Asking

9 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Oakland Park, you may be able to get a good deal. 41.7% of homes here sold below asking price last month.

Average Sale Time

Jun 2021Jun 2022%
21 Days20 Days-5.0%

Breakdown of Home Sale Times

19 Homes Were Sold
Under 30 Days

4 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Oakland Park are selling fast, if you're buying plan to act quickly.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

About Oakland Park, FL

Homes for sale in Oakland Park, FL have reached 100. Between May 2022 and June 2022, Oakland Park, FL real estate market has seen decrease in the number of listings by 5.7%. While the average time on the market in June 2022 was 20 days, the median list price was $335,000. This housing market listing prices have changed between May 2022 and June 2022: the cost of 1 bedroom properties went up by 19.2%, 2 bedrooms properties became 25.7% more expensive, prices of 3 bedrooms properties increased by 18.2%, 4 bedrooms properties became 31.3% more expensive, prices of 5 bedrooms properties increased by 0%. Volume of homes for sale changed: 1 bedroom homes became 16.7% more available, 2 bedrooms homes inventory decreased by 15.4%, number of 3 bedrooms homes decreased by 2.7%, number of 4 bedrooms homes increased by 18.2%, number of 5 bedrooms homes remained the same. Oakland Park, FL housing market in June 2022 saw over 9 listings sold above listed price, more than 5 sold at listed price and over 10 sold below.

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