$1,150,000
0.27 Acres
Land
Ronald Sadaka, Listing Office: Keller Williams Eagle Realty
Is Opa-locka, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, Opa-locka was a Buyer's Market.
Key Takeaway
Opa-locka is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Opa-locka, FL
How much do homes in Opa-locka, FL cost?
Median Sold Price
$400,000
$342/sqft
Based on all homes sold in the last 12 months.
Difference Since November 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 November 2024, up 14% from last year, and the median price per square foot was $342.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $163.5K | - | N/A |
| 2 Bedrooms | $300K | $326.3K | +8.8% |
| 3 Bedrooms | $390K | $430K | +10.3% |
| 4 Bedrooms | $472.5K | $457.5K | -3.2% |
| 5+ Bedrooms | $476.2K | $506K | +6.2% |
Summary: Opa-locka housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 8.8%, 3 bedroom homes increased by 10.3%, 4 bedroom homes decreased by 3.2%, and 5+ bedroom homes increased by 6.2%.
Median Sold Price Compared To Nearby Cities
| North Miami | $378.6K | $433.5K | +14.5% |
| Opa-locka | $351K | $400K | +14.0% |
| Miami Gardens | $445.2K | $479.7K | +7.7% |
| Hialeah | $435.1K | $465.4K | +7.0% |
Housing Supply in Opa-locka, FL
How many homes are available in Opa-locka, FL?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 42 | 40 | -4.8% |
Summary: The Opa-locka real estate market had 40 homes for sale in November 2024, a 4.8% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 2 | +100.0% |
| 2 Bedrooms | 9 | 13 | +44.4% |
| 3 Bedrooms | 27 | 21 | -22.2% |
| 4 Bedrooms | 3 | 2 | -33.3% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Opa-locka housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 44.4%, 3 bedroom homes decreased by 22.2%, 4 bedroom homes decreased by 33.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 9 | 6 | -33.3% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Opa-locka, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.
Summary: A total of 6 homes were sold or pending in Opa-locka in November 2024, down by 33.3% month-over-month. Of the 6 sold homes, 67% were sold under asking, 17% were sold at asking, and 17% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 26 Days | 53 Days | +104.4% |
Summary: Homes in Opa-locka had an average of 53 days on market in Nov 2024, up by 104.4% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
2 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 November 2024, 6 homes were sold in Opa-locka; 67% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.
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