Is Opa-locka, FL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Opa-locka is a seller's market

Buyer's
Market

Difference Since Last Month

Since last month, Opa-locka has remained a Seller's Market.

Key Takeaway

Opa-locka is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Opa-locka, FL

How much do homes in Opa-locka, FL cost?

Median Sold Price

$447,000

$352/sqft

Based on all homes sold in February 2024.

Difference Since Last Month

+$132,000(+41.9%)

Key Takeaway

Homes in Opa-locka have sold for 41.9% more than they did a month ago.

Summary: The median home sold price in Opa-locka was $447,000 in February 2024, up 41.9% from last month, and the median price per square foot was $352.

Median Sold Price By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 --
N/A
2 $315K$375K
+19.0%
3 $299.9K$435K
+45.0%
4 $410K$472.5K
+15.2%
5+ --
N/A

Summary: Opa-locka housing prices by bedroom type for February 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 19%, 3 bedroom homes increased by 45%, 4 bedroom homes increased by 15.2%, and 5+ bedroom homes did not change.

Housing Supply in Opa-locka, FL

How many homes are available in Opa-locka, FL?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
32320.0%

Summary: The Opa-locka real estate market had 32 homes for sale in February 2024, the same as January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 00
0.0%
2 98
-11.1%
3 1617
+6.3%
4 66
0.0%
5+ 11
0.0%

Summary: The Opa-locka housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 11.1%, 3 bedroom homes increased by 6.3%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Jan 2024Feb 2024CHANGE
78+14.3%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Opa-locka, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 8 homes were sold or pending in Opa-locka in February 2024, up by 14.3% month-over-month. Of the 8 sold homes, 50% were sold under asking, 25% were sold at asking, and 25% 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

Jan 2024Feb 2024CHANGE
18 Days39 Days+118.1%

Summary: Homes in Opa-locka had an average of 39 days on market in Feb 2024, up by 118.1% compared to last month.

Breakdown of Home Sale Times

4 Homes Were Sold
Under 30 Days

4 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Opa-locka are selling fast, if you're buying plan to act quickly.

Summary: During February 2024, 8 homes were sold in Opa-locka; 50% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 0% 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 1 Day Ago

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