Is Oakland Park, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Oakland Park was a Seller's 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
$390,000
$307/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Oakland Park have sold for 7.2% more than they did a year ago.
Summary: The median home sold price in Oakland Park was $390,000 in April 2024, up 7.2% from last year, and the median price per square foot was $307.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $156K | $177.5K | +13.8% |
| 2 Bedrooms | $245K | $260K | +6.1% |
| 3 Bedrooms | $461K | $485K | +5.2% |
| 4 Bedrooms | $650K | $590K | -9.2% |
| 5+ Bedrooms | $466K | $650K | +39.5% |
Summary: Oakland Park housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 13.8%, 2 bedroom homes increased by 6.1%, 3 bedroom homes increased by 5.2%, 4 bedroom homes decreased by 9.2%, and 5+ bedroom homes increased by 39.5%.
Median Sold Price Compared To Nearby Cities
| Lauderdale Lakes | $136.6K | $153.5K | +12.4% |
| Fort Lauderdale | $440.2K | $473.6K | +7.6% |
| Oakland Park | $363.7K | $390K | +7.2% |
| Pompano Beach | $353.1K | $357.6K | +1.3% |
| Wilton Manors | $588.8K | $565K | -4.1% |
Housing Supply in Oakland Park, FL
How many homes are available in Oakland Park, FL?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 200 | 226 | +13.0% |
Summary: The Oakland Park real estate market had 226 homes for sale in April 2024, a 13.0% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 23 | 28 | +21.7% |
| 2 Bedrooms | 85 | 88 | +3.5% |
| 3 Bedrooms | 70 | 84 | +20.0% |
| 4 Bedrooms | 20 | 24 | +20.0% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Oakland Park housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 21.7%, 2 bedroom homes increased by 3.5%, 3 bedroom homes increased by 20%, 4 bedroom homes increased by 20%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 30 | 20 | -33.3% |
Asking Price vs. Sold Price
12 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Oakland Park, you may be able to get a good deal. 60% of homes here sold below asking price last month.
Summary: A total of 20 homes were sold or pending in Oakland Park in April 2024, down by 33.3% month-over-month. Of the 20 sold homes, 60% were sold under asking, 30% were sold at asking, and 10% 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
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 69 Days | 37 Days | -46.4% |
Summary: Homes in Oakland Park had an average of 37 days on market in Apr 2024, down by 46.4% compared to last year.
Breakdown of Home Sale Times
11 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Oakland Park are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 20 homes were sold in Oakland Park; 55% of homes were sold within 30 days, 35% of homes were sold within 30 to 90 days, and 10% of homes were sold over 90 days.
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