Opendoor Markets
Opendoor is currently buying and selling homes in:
Atlanta, GA
Median home value $257,700
Austin, TX
Median home value 370,700
Charlotte, NC
Median home value $226,100
Cincinnati, OH
Median home value $144,200
Columbus, OH
Median home value $144,200
Dallas, TX
Median home value $409,800
Denver, CO
Median home value $422,700
Durham, NC
Median home value $230,000
Fort Worth, TX
Median home value $197,500
Frisco, TX
Median home value $416,158
Garland, TX
Median home value $209,050
Grand Rapids, MI
Median home value $163,000
Houston, TX
Median home value $186,700
Indianapolis, IN
Median home value $143,800
Jacksonville, FL
Median home value $275,000
Las Vegas, NV
Median home value $274,100
Los Angeles, CA
Median home value $688,700
Louisville, KY
Median home value $161,900
Memphis, TN
Median home value $85,800
Minneapolis, MN
Median home value $267,100
Nashville, TN
Median home value $263,000
Oklahoma, OK
Median home value $131,000
Orlando, FL
Median home value $330,000
Phoenix, AZ
Median home value $242,100
Portland, OR
Median home value $417,600
Raleigh, NC
Median home value $277,400
Richmond, VA
Median home value $217,500
Riverside, CA
Median home value $409,800
Sacramento, CA
Median home value $326,400
Salt Lake, UT
Median home value $326,400
San Antonio, TX
Median home value $177,400
St. Louis, MO
Median home value $221,300
St. Paul, MN
Median home value $221,300
Tampa, FL
Median home value $365,000
Tucson, AZ
Median home value $189,200
Washington, DC
Median home value $563,200
FAQ about Opendoor:
Opendoor is the largest national iBuyer, or instant buyer in America. Pioneers of the iBuying program model, Opendoor was founded with the mission to give sellers the freedom to move more easily.
Opendoor works by first determining the current market value of your home and then offering you cash to buy your home. If you choose to accept their offer, you can then decide your closing date and close on the sale within 60 days. If you prefer to list your home on the open market, Opendoor will help you do that instead.
Opendoor is the nation’s largest iBuyer and is currently buying and selling homes in the following cities: Atlanta, GA, Austin, TX, Charlotte, NC, Dallas-Fort Worth, TX, Denver, CO, Houston, TX, Jacksonville, FL, Las Vegas, NV, Los Angeles, CA, Minneapolis-St. Paul, MN, Nashille, TN, Orlando, FL, Phoenix, AZ, Portland, OR, Raleigh-Durham, NC, Riverside, CA, Sacramento, CA, Salt Lake City, UT, San Antonio, TX, Tampa, FL, and Tucson, AZ.
Opendoor was founded by two entrepreneurs, Eric Wu and Ian Wong, and is still operated by the founding duo.
It depends what Opendoor estimates your home is worth, and that estimate is based on the location, size, and age of your home, as well as comparative sales and current market conditions. To determine your home value, Opendoor uses industry data and assessment algorithms.
To get an instant idea of what an iBuyer like Opendoor would offer in cash for your home, simply enter your address in our iValuation tool.
If you’re wondering how much commission Opendoor charges, it’s roughly the same as a traditional real estate agent’s commission. Opendoor fees are currently 6.8% of the sale price of your home.
To date, Opendoor has purchased tens of thousands of homes and their annual purchase rate is expected to continue to grow as they expand into new markets across the country. In fact, they claim to receive a new inquiry for a cash offer every 60 seconds.
The scale of the Opendoor iBuyer program enables them to purchase homes in a wider price range than some of the other, smaller iBuyers. That said, Opendoor still gravitates towards single family homes that are priced between $300,000 and $600,000.
Opendoor typically responds within 24 hours with a cash offer. If they have additional questions, they might contact you for more information before providing a cash offer to buy your house.
No, as is standard in the industry, closing costs are an extra fee, just like taxes, that you are required to pay with the sale of your home.
Yes, you can negotiate with Opendoor just like you would with a traditional real estate agent.
Opendoor lets you close on the sale fast. Their average closing time is between 14 and 60 days.