Is Opa-locka, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since June 2023
At the same time last year, Opa-locka was a Neutral Market.
Housing Prices in Opa-locka, FL
How much do homes in Opa-locka, FL cost?
Median Sold Price
$375,000
$340/sqft
Based on all homes sold in the last 12 months.
Difference Since June 2023
Summary: The median home sold price in Opa-locka was $375,000 in June 2024, up 10.8% from last year, and the median price per square foot was $340.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Jun 2023 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $157K | $170K | +8.3% |
2 Bedrooms | $287.5K | $316K | +9.9% |
3 Bedrooms | $355K | $400K | +12.7% |
4 Bedrooms | $405.5K | $455K | +12.2% |
5+ Bedrooms | $476.2K | $535K | +12.3% |
Summary: Opa-locka housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes increased by 8.3%, 2 bedroom homes increased by 9.9%, 3 bedroom homes increased by 12.7%, 4 bedroom homes increased by 12.2%, and 5+ bedroom homes increased by 12.3%.
Median Sold Price Compared To Nearby Cities
North Miami | $360K | $416.2K | +15.6% |
Hialeah | $410.5K | $458.4K | +11.7% |
Opa-locka | $338.5K | $375K | +10.8% |
Miami Gardens | $420K | $460.2K | +9.6% |
Housing Supply in Opa-locka, FL
How many homes are available in Opa-locka, FL?
Number of Homes For Sale
May 2024 | Jun 2024 | CHANGE |
---|---|---|
36 | 27 | -25.0% |
Summary: The Opa-locka real estate market had 27 homes for sale in June 2024, a 25.0% decrease compared to May 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 9 | 7 | -22.2% |
3 Bedrooms | 17 | 12 | -29.4% |
4 Bedrooms | 5 | 3 | -40.0% |
5+ Bedrooms | 5 | 5 | 0.0% |
Summary: The Opa-locka housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 22.2%, 3 bedroom homes decreased by 29.4%, 4 bedroom homes decreased by 40%, and 5+ bedroom homes remained the same.
Number of Homes Sold
May 2024 | Jun 2024 | CHANGE |
---|---|---|
7 | 3 | -57.1% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 3 homes were sold or pending in Opa-locka in June 2024, down by 57.1% month-over-month. Of the 3 sold homes, 33% were sold under asking, 0% were sold at asking, and 67% were sold over asking.
Days on Market for Opa-locka, FL
How long does it take to sell a home in Opa-locka, FL?
Average Sale Time
Jun 2023 | Jun 2024 | CHANGE |
---|---|---|
25 Days | 49 Days | +96.1% |
Summary: Homes in Opa-locka had an average of 49 days on market in Jun 2024, up by 96.1% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During June 2024, 3 homes were sold in Opa-locka; 33% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.