Oakland Park Real Estate Market Update – June 2025

The May 2025 housing market report is in, and if you own or are considering buying or selling in Oakland Park, it’s time to pay close attention. The numbers reveal a story of shifting momentum, rising inventory, and the growing importance of strategic pricing and positioning. Whether you’re dealing in single-family homes or townhouses and condos, the landscape is evolving—and fast.

Let’s break down the trends across both market segments—single-family homes and townhouses/condos—so you can make informed decisions about your next move in Oakland Park real estate.

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Single-Family Homes: A Market in Transition

Closed Sales & Inventory
In May 2025, Oakland Park recorded 38 closed sales for single-family homes—an increase of 5.6% year-over-year. On the surface, this might seem like a sign of strength, but dig deeper and you’ll find that buyers have more options and more time to make decisions.

That’s because active inventory has surged 37% compared to last year, now sitting at 212 homes on the market. The months’ supply of inventory (MSI) has also risen significantly, climbing to 6.9 months from 4.9 months a year ago. In real estate, a balanced market typically ranges from 5 to 6 months of supply. Anything above that favors buyers. This indicates a buyer’s market has taken hold. Given that the statistics are published one month behind, it is likely that by next month there will be even more inventory available pushing us deeper into a buyer’s market.

Prices: Average vs. Median
The average sale price for a single-family home was $611,253, which is down 6.5% from last year. Even more telling is the median sale price, which dropped a full 10% to $502,500. This suggests that while some higher-end sales may still be occurring, the core of the market is feeling downward pressure.

Increased inventory and longer selling times are forcing sellers to become more competitive with pricing, especially in neighborhoods that previously saw multiple offers.

List-to-Sale Dynamics
Sellers are receiving 94.1% of their original list price, down from 95.3% last year. That drop may not seem drastic, but in real dollars, it’s significant—on a $600,000 listing, that’s a difference of over $7,000. In other words, overpricing in this market is a costly mistake.

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Townhouses and Condos: More Inventory, Fewer Buyers

Closed Sales and Active Listings
The townhouse and condo sector in Oakland Park is experiencing a more dramatic slowdown. Only 13 units sold in May—a staggering 54% drop from a year ago. Meanwhile, active inventory jumped 40%, with 296 units now on the market.

This disparity is driving the months’ supply of inventory for condos and townhomes to 13.1 months, nearly double the threshold for a buyer’s market and almost twice what it was a year ago (6.8 months).

Prices Under Pressure
The average condo/townhouse sale price is now $229,877, down 12% from a year ago. The median price fell to $185,900, a 9.2% decrease. These drops suggest that buyers are not only more selective but are successfully negotiating deeper discounts.

List-to-Sale Price Ratio
Sellers in this segment are now receiving just 90.3% of original list price, compared to 95.3% last year. That’s a 5-point drop in seller leverage—one of the most telling signs that this market segment is under real pressure.

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Timing: Homes Are Taking Longer to Sell Across the Board

Single-Family Homes:

• Median time to contract: 33 days (up from 25 days last year)
• Median time from list to sale: 86 days (up from 62 days)

Townhouses/Condos:

• Median time to contract: 63 days (up from 57 days)
• Median time from list to sale: 105 days (up from 95 days)

Across both market segments, it’s taking longer for homes to go under contract and close. This is due to increased buyer caution, more available options, and, in some cases, inflated initial asking prices.

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What This Means for Homeowners: It’s Time to Get Strategic

If you’re a homeowner thinking about selling in Oakland Park, the message is clear: this is no longer the market of 2021–2022. Listing your home isn’t enough—it must be priced right, marketed expertly, and staged or prepared to stand out from rising competition.

Here are five key takeaways for sellers:

1. Price it Right—From the Start
   Overpriced homes sit. Buyers now have more options and data at their fingertips, and they can spot unrealistic pricing a mile away. The first two weeks on the market are crucial—if you don’t capture attention early, your listing may linger and go stale.
2. Condition Matters More Than Ever
   With more inventory to choose from, buyers are gravitating toward homes that are move-in ready or that show well online. If you’re selling a home that needs work, you must either price aggressively or market to investors looking for value-add opportunities.
3. Expect Longer Days on Market
   Be prepared for a longer wait. The average time to contract and closing has increased substantially. Strategic pricing and strong marketing can shorten that time, but patience is increasingly part of the process.
4. Flexibility Wins Offers
   Buyers are negotiating harder. Be open to concessions, such as closing cost credits, flexible closing dates, or including home warranties to sweeten the deal.
5. Work with a Hyperlocal Expert
   Oakland Park is a unique, evolving market with pockets of high demand and others that require a different approach. A local expert (like myself!) can guide you through the right strategy to position your home competitively based on your specific location and property features.

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Advice for Buyers: Your Window of Opportunity is Open

For buyers, this is a rare window of opportunity:

• More choices: Inventory is rising in both segments, giving you more room to compare and find the right fit.
• Negotiation leverage: You can now negotiate pricing, repairs, and closing terms—something nearly impossible just a couple of years ago.
• Less pressure: With homes taking longer to sell, you have more time to think, visit, and make confident decisions.

However, don’t let this slower pace lull you into inaction. While inventory is up, well-priced homes in desirable neighborhoods still move quickly—and when interest rates shift again, competition may return swiftly.

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A Final Word: Oakland Park is Still a Gem—But Sellers Must Adjust

Despite these cooling market conditions, Oakland Park remains one of the most desirable and well-positioned communities in Greater Fort Lauderdale. With continued development, proximity to Wilton Manors and downtown Fort Lauderdale, and a growing reputation for charm and character, the long-term value proposition remains strong.

However, market timing matters. If you plan to sell in the next 6–12 months, you’ll need to be smarter, savvier, and more flexible than ever. Homes are still selling—but only those that are priced and marketed to reflect the reality of today’s buyer-driven environment.

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📲 Thinking of Selling? Let’s Talk Strategy
If you’re unsure how your home stacks up in this shifting market, I offer a no-obligation pricing consultation to walk you through your options. Whether your home is turnkey or needs a little love, I’ll help you understand what it will take to sell successfully in today’s Oakland Park market.

Reach out to me directly at (954) 280-4636 or book a consultation with me.
Let’s get your home sold—with no pressure, just smart strategy.

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