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.
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
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
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
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.