$6,519 Closing Credit*
$549,000
1,539 SqFt
4 Beds
•3 Full Baths
Josue Rodriguez, Listing Office: 5 Stars Realty Corp
Is Opa-locka, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, Opa-locka was a Buyer'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
$400,000
$341/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$49,000(+14.0%)
Key Takeaway
Homes in Opa-locka have sold for 14% more than they did a year ago.
Summary: The median home sold price in Opa-locka was $400,000 in October 2024, up 14% from last year, and the median price per square foot was $341.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $163.5K | - | N/A |
| 2 Bedrooms | $300K | $321.3K | +7.1% |
| 3 Bedrooms | $361K | $430K | +19.1% |
| 4 Bedrooms | $477.5K | $445K | -6.8% |
| 5+ Bedrooms | $476.2K | $506K | +6.2% |
Summary: Opa-locka housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 7.1%, 3 bedroom homes increased by 19.1%, 4 bedroom homes decreased by 6.8%, and 5+ bedroom homes increased by 6.2%.
Median Sold Price Compared To Nearby Cities
| Opa-locka | $351K | $400K | +14.0% |
| North Miami | $378.3K | $425K | +12.3% |
| Miami Gardens | $439.9K | $475K | +8.0% |
| Hialeah | $430.1K | $463.6K | +7.8% |
Housing Supply in Opa-locka, FL
How many homes are available in Opa-locka, FL?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 39 | 39 | 0.0% |
Summary: The Opa-locka real estate market had 39 homes for sale in October 2024, the same as September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 6 | 7 | +16.7% |
| 3 Bedrooms | 23 | 26 | +13.0% |
| 4 Bedrooms | 7 | 3 | -57.1% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Opa-locka housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 16.7%, 3 bedroom homes increased by 13%, 4 bedroom homes decreased by 57.1%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 6 | 8 | +33.3% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
2 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. 50% of homes here sold below asking price last month.
Summary: A total of 8 homes were sold or pending in Opa-locka in October 2024, up by 33.3% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 44 Days | 16 Days | -61.9% |
Summary: Homes in Opa-locka had an average of 16 days on market in Oct 2024, down by 61.9% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Opa-locka are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 8 homes were sold in Opa-locka; 88% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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