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 buyer's market

Buyer's
Market

Difference Since June 2021

At the same time last year, Opa-locka was a Seller's Market.

Key Takeaway

Opa-locka is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

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

Median Sold Price

$295,000

$269/sqft

Based on all homes sold in the last 12 months.

Difference Since June 2021

+$46,050(+18.5%)

Key Takeaway

Homes in Opa-locka have sold for 18.5% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSJun 2021Jun 2022%
1 $115K-
N/A
2 $205K$260K
+26.8%
3 $266K$300K
+12.8%
4 $271.5K$350K
+28.9%
5+ $302K$360K
+19.2%

Median Sold Price Compared To Nearby Cities

Miami Gardens
+21.3%
Opa-locka
+18.5%
Hialeah
+17.7%
North Miami
+3.3%

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

Number of Homes For Sale

May 2022Jun 2022%
22220.0%

Homes For Sale By Bedroom Count

# BEDSMay 2022Jun 2022%
1 00
0.0%
2 107
-30.0%
3 811
+37.5%
4 44
0.0%
5+ 00
0.0%

Number of Homes Sold

May 2022Jun 2022%
63-50.0%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

0 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. 100% of homes here sold below asking price last month.

Average Sale Time

Jun 2021Jun 2022%
23 Days10 Days-57.2%

Breakdown of Home Sale Times

3 Homes Were Sold
Under 30 Days

0 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.

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

About Opa-locka, FL

Homes for sale in Opa-locka, FL have reached 22. Listings spent 10 days on the market in June 2022, and had a median list price of $295,000 during the same period. From May 2022 through June 2022, the following changes in listing prices were observed in this housing market: prices of 1 bedroom properties increased by 0%, prices of 2 bedrooms properties went up by 26.8%, 3 bedrooms properties prices increased by 12.8%, prices of 4 bedrooms properties went up by 28.9%, the cost of 5 bedrooms properties went up by 19.2%. Housing inventory have changed in this real estate market: the quantity of 1 bedroom homes have not changed, 2 bedrooms homes became 30% less available, volume of 3 bedrooms homes went up by 37.5%, 4 bedrooms homes inventory did not change, volume of 5 bedrooms homes stayed the same. Opa-locka, FL housing market in June 2022 saw over 0 listings sold above listed price, more than 0 sold at listed price and over 3 sold below.

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