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 buyer's market

Buyer's
Market

Difference Since September 2023

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

$395,000

$308/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2023

+$13,000(+3.4%)

Key Takeaway

Homes in Oakland Park have sold for 3.4% more than they did a year ago.

Summary: The median home sold price in Oakland Park was $395,000 in September 2024, up 3.4% from last year, and the median price per square foot was $308.

Median Sold Price By Bedroom Count

# BEDSSep 2023Sep 2024CHANGE
1 $175K$180K
+2.9%
2 $269K$245K
-8.9%
3 $467.5K$490K
+4.8%
4 $555K$625K
+12.6%
5+ $465K$685.6K
+47.5%

Summary: Oakland Park housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes increased by 2.9%, 2 bedroom homes decreased by 8.9%, 3 bedroom homes increased by 4.8%, 4 bedroom homes increased by 12.6%, and 5+ bedroom homes increased by 47.5%.

Median Sold Price Compared To Nearby Cities

Lauderdale Lakes
+26.8%
Fort Lauderdale
+6.8%
Pompano Beach
+4.6%
Oakland Park
+3.4%

Housing Supply in Oakland Park, FL

How many homes are available in Oakland Park, FL?

Number of Homes For Sale

Aug 2024Sep 2024CHANGE
222240+8.1%

Summary: The Oakland Park real estate market had 240 homes for sale in September 2024, a 8.1% increase compared to August 2024.

Homes For Sale By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 2228
+27.3%
2 9198
+7.7%
3 8087
+8.8%
4 2825
-10.7%
5+ 12
+100.0%

Summary: The Oakland Park housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 27.3%, 2 bedroom homes increased by 7.7%, 3 bedroom homes increased by 8.8%, 4 bedroom homes decreased by 10.7%, and 5+ bedroom homes increased by 100%.

Number of Homes Sold

Aug 2024Sep 2024CHANGE
2414-41.7%

Asking Price vs. Sold Price

11 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

0 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. 78.6% of homes here sold below asking price last month.

Summary: A total of 14 homes were sold or pending in Oakland Park in September 2024, down by 41.7% month-over-month. Of the 14 sold homes, 79% were sold under asking, 21% were sold at asking, and 0% 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

Sep 2023Sep 2024CHANGE
47 Days60 Days+27.3%

Summary: Homes in Oakland Park had an average of 60 days on market in Sep 2024, up by 27.3% compared to last year.

Breakdown of Home Sale Times

6 Homes Were Sold
Under 30 Days

5 Homes Were Sold
In 30 - 90 Days

3 Homes Were 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.

Summary: During September 2024, 14 homes were sold in Oakland Park; 43% of homes were sold within 30 days, 36% of homes were sold within 30 to 90 days, and 21% of homes were sold over 90 days.

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

Report Updated 9 Days Ago

Newest Listings in Oakland Park, FL

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