Is Oakland Park, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2022
At the same time last year, Oakland Park was a Neutral 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
$385,583
$301/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2022
Key Takeaway
Homes in Oakland Park have sold for 9.3% more than they did a year ago.
Summary: The median home sold price in Oakland Park was $385,583 in November 2023, up 9.3% from last year, and the median price per square foot was $301.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2022 | Nov 2023 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $150K | $180K | +20.0% |
| 2 Bedrooms | $230K | $260K | +13.0% |
| 3 Bedrooms | $445K | $480K | +7.9% |
| 4 Bedrooms | $515K | $560K | +8.7% |
| 5+ Bedrooms | $748.5K | $465K | -37.9% |
Summary: Oakland Park housing prices by bedroom type for November 2023 compared to the previous year: The home price of 1 bedroom homes increased by 20%, 2 bedroom homes increased by 13%, 3 bedroom homes increased by 7.9%, 4 bedroom homes increased by 8.7%, and 5+ bedroom homes decreased by 37.9%.
Median Sold Price Compared To Nearby Cities
| Lauderdale Lakes | $125K | $142.5K | +14.0% |
| Oakland Park | $352.8K | $385.5K | +9.3% |
| Wilton Manors | $555K | $600K | +8.1% |
| Fort Lauderdale | $447.1K | $454.4K | +1.6% |
| Pompano Beach | $349.9K | $355.2K | +1.5% |
Housing Supply in Oakland Park, FL
How many homes are available in Oakland Park, FL?
Number of Homes For Sale
| Oct 2023 | Nov 2023 | CHANGE |
|---|---|---|
| 155 | 158 | +1.9% |
Summary: The Oakland Park real estate market had 158 homes for sale in November 2023, a 1.9% increase compared to October 2023.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Nov 2023 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 15 | 9 | -40.0% |
| 2 Bedrooms | 62 | 67 | +8.1% |
| 3 Bedrooms | 57 | 62 | +8.8% |
| 4 Bedrooms | 16 | 14 | -12.5% |
| 5+ Bedrooms | 5 | 6 | +20.0% |
Summary: The Oakland Park housing inventory by bedroom type for November 2023 compared to the previous month: The inventory of 1 bedroom homes decreased by 40%, 2 bedroom homes increased by 8.1%, 3 bedroom homes increased by 8.8%, 4 bedroom homes decreased by 12.5%, and 5+ bedroom homes increased by 20%.
Number of Homes Sold
| Oct 2023 | Nov 2023 | CHANGE |
|---|---|---|
| 31 | 17 | -45.2% |
Asking Price vs. Sold Price
11 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
4 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. 64.7% of homes here sold below asking price last month.
Summary: A total of 17 homes were sold or pending in Oakland Park in November 2023, down by 45.2% month-over-month. Of the 17 sold homes, 65% were sold under asking, 12% were sold at asking, and 24% 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
| Nov 2022 | Nov 2023 | CHANGE |
|---|---|---|
| 52 Days | 48 Days | -7.5% |
Summary: Homes in Oakland Park had an average of 48 days on market in Nov 2023, down by 7.5% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Oakland Park are selling fast, if you're buying plan to act quickly.
Summary: During November 2023, 17 homes were sold in Oakland Park; 47% of homes were sold within 30 days, 35% of homes were sold within 30 to 90 days, and 18% of homes were sold over 90 days.
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