Is Oakland Park, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Oakland Park was a Seller's Market.
Housing Prices in Oakland Park, FL
How much do homes in Oakland Park, FL cost?
Median Sold Price
$393,000
$310/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Oakland Park was $393,000 in May 2024, up 3.4% from last year, and the median price per square foot was $310.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $166.5K | $180K | +8.1% |
2 Bedrooms | $256K | $262K | +2.3% |
3 Bedrooms | $477.5K | $480K | 0.5% |
4 Bedrooms | $650K | $605K | -6.9% |
5+ Bedrooms | $545K | $685.6K | +25.8% |
Summary: Oakland Park housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 8.1%, 2 bedroom homes increased by 2.3%, 3 bedroom homes increased by 0.5%, 4 bedroom homes decreased by 6.9%, and 5+ bedroom homes increased by 25.8%.
Median Sold Price Compared To Nearby Cities
Lauderdale Lakes | $136.6K | $155.5K | +13.8% |
Fort Lauderdale | $440K | $475.1K | +8.0% |
Pompano Beach | $350.1K | $362.2K | +3.5% |
Oakland Park | $380K | $393K | +3.4% |
Wilton Manors | $600K | $575.5K | -4.1% |
Housing Supply in Oakland Park, FL
How many homes are available in Oakland Park, FL?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
219 | 250 | +14.2% |
Summary: The Oakland Park real estate market had 250 homes for sale in May 2024, a 14.2% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 27 | 34 | +25.9% |
2 Bedrooms | 84 | 96 | +14.3% |
3 Bedrooms | 83 | 87 | +4.8% |
4 Bedrooms | 23 | 29 | +26.1% |
5+ Bedrooms | 2 | 4 | +100.0% |
Summary: The Oakland Park housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 25.9%, 2 bedroom homes increased by 14.3%, 3 bedroom homes increased by 4.8%, 4 bedroom homes increased by 26.1%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
24 | 20 | -16.7% |
Asking Price vs. Sold Price
12 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Summary: A total of 20 homes were sold or pending in Oakland Park in May 2024, down by 16.7% month-over-month. Of the 20 sold homes, 60% were sold under asking, 20% were sold at asking, and 20% 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
May 2023 | May 2024 | CHANGE |
---|---|---|
35 Days | 45 Days | +28.2% |
Summary: Homes in Oakland Park had an average of 45 days on market in May 2024, up by 28.2% compared to last year.
Breakdown of Home Sale Times
10 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During May 2024, 20 homes were sold in Oakland Park; 50% of homes were sold within 30 days, 35% of homes were sold within 30 to 90 days, and 15% of homes were sold over 90 days.