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Friday, November 22, 2024

First half of 2022: Oakland Park experienced a 23.4% increase in median home prices

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The median sale price of a home sold in the first half of 2022 in Oakland Park rose by $58,500 while total sales increased by 1.4 percent, according to BlockShopper.com.

From January through June, there were 703 homes sold, with a median sale price of $308,500 - a 23.4 percent increase over the $250,000 median sale price for the same period of the previous year. There were 693 homes sold in Oakland Park in the first half of 2021.

The median sales tax in Oakland Park for the most recent year with available data, 2017, was $2,081, approximately 0.7 percent of the median home sale price for the first half of 2022.

The following table compares Oakland Park to other Broward County cities with similar median sale prices in the first half of 2022:

CityJanuary - June 2022 Home SalesJanuary - June 2021 Home Sales% change (Total Home Sales)January - June 2022 Median Sales PriceJanuary - June 2021 Median Sales Price% change (Median Sales Price)
Hollywood2,1782,262-3.7$410,000$340,00020.6
Uninc-33317/Broadview Park58-37.5$395,000$332,50018.8
Plantation9431,028-8.3$380,000$335,00013.4
Davie9191,002-8.3$375,000$310,00021
Pembroke Pines1,6801,702-1.3$343,000$300,00014.3
Oakland Park7036931.4$308,500$250,00023.4
West Park14412812.5$306,350$273,50012
Fort Lauderdale (unincorporated)1361258.8$306,000$238,00028.6
Pompano Beach1,8091,931-6.3$301,000$250,00020.4
Hallandale Beach1,1521,1420.9$279,500$230,00021.5
Dania Beach4854556.6$275,000$242,00013.6

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