Opa Locka, FL Home Values & Market Trends

Real estate market trends reflect that there have been 148 transactions over the past year in Opa Locka. The median value for residential home transactions that occurred over the previous year is $387,030.26. The number of current listings in Opa Locka is 13, and the percentage of properties for sale in the city is 13.00%. Opa Locka, FL currently has 47 properties in foreclosure, 0 bank owned properties, 3 properties headed for auction, and 13 properties for sale.

Opa Locka, FL Real Estate Market Overview

ZipMedian Est. ValueZipMedian Est. Value
33054

$ 427,050

$ 351/sqft

33055

$ 529,000

$ 365/sqft

Housing Market Summary for Opa Locka, FL

Apr 2023March 2024Change
Median Listing Price$459K$360.3K-21.51%
Median Sold Price$340K$360.3K5.97%
Homes For Sale515200.00%
Homes Sold7877-1.28%
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Price Per Square Foot

On an average, Single Family homes cost $33 more per sqft than Condos. In comparison with sales price/sqft last week, list price/sqft of Single Family homes increased by 1.93% whereas, list price/sqft of Condos increased by 9.38%.

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Browse Homes in Opa Locka, FL

Opa Locka home values range from $53,908 to $1,870,000. The median estimated value of a home in Opa Locka is $387,030.26. The median list price of a home is 450,000, and the total count of properties in the city is 3,040.

Foreclosure
There are 2 zips within Opa Locka, FL; within these zips, the median estimated home value for homes in foreclosure ranges from $1,294,912 in 33055 to the lowest value of $223,353 in 33055. Foreclosure homes account for 1.00% of properties in Opa Locka, FL with 33055 containing 148 foreclosures, the highest number of foreclosure properties in a single zip.
  • Pre-Foreclosure
    Pre-foreclosure homes account for 1.45% of all residential properties in Opa Locka, FL with 33055 containing 141 pre-foreclosures, the highest number of pre-foreclosure properties in a single zip. There are 2 zips within Opa Locka, FL; of those zips, the estimated home value for pre-foreclosure homes ranges from $831,861 in 33054 to the lowest home value of $223,353 in 33055.
  • Bank Owned
    The median estimated home value of bank owned homes (REO properties) in Opa Locka, FL ranges from the highest value of $0 in N/A to the lowest value of $0 in N/A. Bank owned homes and properties account for 0% of properties in Opa Locka, FL. There are 2 zips within Opa Locka, FL; N/A containing 0 REO properties, has the highest number of bank owned properties in a single zip.
  • Auctions
    33055 has 6 auction properties, the highest number of properties going to auction in a single zip in the state of Opa Locka, FL. Auction homes and other auction properties account for 0.10% of all properties in Opa Locka, FL. There are 2 zips within Opa Locka, FL; of those zips, the median estimated home value for homes going to auction ranges from $679,084 in 33055 to the lowest value of $271,690 in 33055.
Homes for Sale
Homes and properties that are actively listed for sale account for 0.43% of residential properties in Opa Locka, FL with 33054 containing 22 homes for sale, the highest number of listed properties in a single zip. There are 2 zips within Opa Locka, FL; homes for sale in those zips, have a range of median values from $662,305 in 33055 to the lowest value of $213,508 in 33054.
    Sold Homes
    The median value for recently sold homes ranges from $691,023 in 33055 to the lowest price of $53,908 in 33055. There are 2 zips within Opa Locka, FL. 33055 has 270 recently sold homes, the highest number of recently sold properties in a single zip. Recently sold homes and properties account for 2.73% of properties in Opa Locka, FL.

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      Guide for Opa Locka, FL

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      Montgomery Housing Market Sees 8% Dip in Property Values: A Comparative Analysis with Surrounding Cities”
      Market Reports|posted 10 April 2024

      The blog post discusses the fluctuating real estate market in Montgomery, Alabama, comparing its property values, cost per square foot, and market activity with neighboring cities, revealing the dynamic nature of regional real estate.

      Tallahassee’s Real Estate Market A in Review 2023-2024
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      Hialeah’s Real Estate Market Shows Growth; Property Values Surge from 2023-2024
      Fix and Flip|posted 13 March 2024

      The Hialeah real estate market has displayed a significant upward trajectory from March 2023 to February 2024. This growth, accompanied by a strong demand and investor interest, highlights Hialeah’s economic stability and the persistent appeal of its real estate market, making it favorable for both homebuyers and investors.

      Jacksonville, FL: Real Estate Market Trends 2023
      Fix and Flip|posted 8 February 2024

      This blog post provides an in-depth analysis of the real estate market trends in Jacksonville, Florida and nearby areas based on key metrics such as average property values, sold prices per square foot, and property counts. The data reveals a dynamic marketplace with fluctuating property values and varying sold prices per square foot.