Is Opa-locka, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, 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
$378,500
$345/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Opa-locka have sold for 14.7% more than they did a year ago.
Summary: The median home sold price in Opa-locka was $378,500 in April 2024, up 14.7% from last year, and the median price per square foot was $345.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $157K | $170K | +8.3% |
| 2 Bedrooms | $295K | $310K | +5.1% |
| 3 Bedrooms | $347.5K | $400K | +15.1% |
| 4 Bedrooms | $379.9K | $460K | +21.1% |
| 5+ Bedrooms | $472.5K | $550K | +16.4% |
Summary: Opa-locka housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 8.3%, 2 bedroom homes increased by 5.1%, 3 bedroom homes increased by 15.1%, 4 bedroom homes increased by 21.1%, and 5+ bedroom homes increased by 16.4%.
Median Sold Price Compared To Nearby Cities
| Opa-locka | $330K | $378.5K | +14.7% |
| North Miami | $349.7K | $400.6K | +14.5% |
| Hialeah | $401.4K | $451.4K | +12.5% |
| Miami Gardens | $412K | $455K | +10.4% |
Housing Supply in Opa-locka, FL
How many homes are available in Opa-locka, FL?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 35 | 32 | -8.6% |
Summary: The Opa-locka real estate market had 32 homes for sale in April 2024, a 8.6% decrease compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 11 | 12 | +9.1% |
| 3 Bedrooms | 15 | 13 | -13.3% |
| 4 Bedrooms | 6 | 3 | -50.0% |
| 5+ Bedrooms | 3 | 4 | +33.3% |
Summary: The Opa-locka housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 9.1%, 3 bedroom homes decreased by 13.3%, 4 bedroom homes decreased by 50%, and 5+ bedroom homes increased by 33.3%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 8 | 8 | 0.0% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Opa-locka, you may be able to get a good deal. 62.5% of homes here sold below asking price last month.
Summary: A total of 8 homes were sold or pending in Opa-locka in April 2024, the same as the previous month. Of the 8 sold homes, 63% were sold under asking, 0% were sold at asking, and 38% 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
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 65 Days | 45 Days | -30.6% |
Summary: Homes in Opa-locka had an average of 45 days on market in Apr 2024, down by 30.6% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Opa-locka are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 8 homes were sold in Opa-locka; 63% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.
© 2024 Miami Association of REALTORS®. All rights reserved. The data relating to real estate on this web site comes in part from the Internet Data Exchange program of the MLS of the Miami Association of REALTORS®. All information is deemed reliable but not guaranteed by the MLS and should be independently verified. The MLS, this broker and their affiliates provide all content therein “AS IS” and without any warranty, express or implied. The information included in this listing is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. This property is offered without respect to any protected classes in accordance with the law.