What cities is Opendoor buying homes?
Opendoor is currently iBuying in:
Atlanta
Median home value $257,700
Austin
Median home value 370,700
Charlotte
Median home value $226,100
Dallas
Median home value $409,800
Denver
Median home value $422,700
Durham
Median home value $230,000
Fort Worth
Median home value $197,500
Houston
Median home value $186,700
Jacksonville
Median home value $178,300
Las Vegas
Median home value $274,100
Los Angeles
Median home value $688,700
Minneapolis
Median home value $267,100
Nashville
Median home value $263,000
Orlando
Median home value $241,500
Phoenix
Median home value $242,100
Portland
Median home value $417,600
Raleigh
Median home value $277,400
Riverside
Median home value $409,800
Sacramento
Median home value $326,400
Salt Lake City
Median home value $326,400
San Antonio
Median home value $177,400
St. Paul
Median home value $221,300
Tampa
Median home value $218,900
Tucson
Median home value $189,200
How many homes has Opendoor purchased?
Opendoor has purchased well over 10,000 homes in 2018 and is expected to continue to grow the annual purchase rate as they expand into new markets.
What is the medium cost per home?
Opendoor gravitates to homes in the $300K - $600K range. They tend to purchase homes in a much wider price range than some of the other iBuyers.
How quickly do they make an offer?
Opendoor typically responds within 24 hours with an offer or at least their first interaction.
How quickly do they typically take to close?
As with other home iBuyers, the closing time is short and typically happens within a week assuming an inspection can be scheduled quickly.