What cities is Opendoor buying homes?
Opendoor is currently iBuying in:
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.