Opendoor Company Overview
Opendoor is a tech-enabled residential real estate platform that streamlines the home selling and buying journey. It combines a direct purchase option with an end-to-end transaction workflow — pricing, coordination, and closing services, so homeowners can trade some uncertainty and time on market for a more predictable, managed process.
Field | Information |
|---|---|
Legal name | Opendoor Technologies Inc. |
Website | |
What it is | A managed marketplace for residential real estate built around a centralized digital platform |
Core model | Buying homes, doing repairs/renovations, reselling; also offers related services around the transaction |
Founded | 2014 |
Founders | Keith Rabois, Eric Wu, Ian Wong, JD Ross |
CEO | Kaz Nejatian (appointed Sep 10, 2025) |
Employees | 1,470 employees as of Dec 31, 2024 |
Recent financial / operating highlights (2025)
Metric | Value |
|---|---|
Revenue | |
Gross profit | $128M |
Gross margin | 8.2% |
Homes sold | |
Markets (period end) | 50 |
Homes in inventory (period end) | 4,538 |
Opendoor Competitors
Competitor | Founded / launched | Why it competes with Opendoor |
|---|---|---|
2015 | Direct alternative: also targets sellers who want a fast, low-showings sale path. Offerpad reports operating across multiple metro markets and states | |
2019 | Competes for the same “sell quickly / certainty” demand, but via an agent ecosystem: Keller Offers routes sellers to cash-offer style options and related seller solutions inside KW’s platform | |
2004 | Competes on the “online-first home selling/buying” journey: listing + brokerage + marketplace experience | |
2006 | Competes at the top of the funnel: home valuation, listings discovery, seller lead capture and agent connections — many sellers start on Zillow before deciding between listing, cash offers, or other fast-sale options. | |
2012 | Competes as a “fast-sale” alternative: Simple Sale positions itself as an all-cash offer route and often frames the decision as “cash offer vs list traditionally,” overlapping with Opendoor’s seller decision point |
FAQ
1. Offerpad vs Opendoor: what’s the key difference?
The key difference is the selling paths they emphasize.
Offerpad pushes a “choose your route” approach: you can take a cash offer or list with Offerpad, and it also promotes seller perks like a free local move and a short post-closing stay in some markets.
Opendoor, meanwhile, centers on getting a cash offer but also highlights an option to list on the market with an Opendoor-preferred agent if you want to try for a higher price.
2. “Opendoor competitors reddit” — who does Reddit usually name?
Across RealEstate threads, commenters most frequently bring up Offerpad, Zillow, Orchard, and (historically) Redfin Now when discussing “cash buyer / instant offer” alternatives. The recurring theme is: compare offers side-by-side, read the fine print on repairs/fees, and don’t assume the highest headline number equals the best outcome.
3. Opendoor stock: why is it so volatile?
Opendoor’s stock tends to move sharply because investors price it like a “high-beta” bet on the U.S. housing cycle and Opendoor’s execution. The biggest drivers are usually:
Earnings updates and guidance (especially around margins and unit volumes).
Leadership and strategy shifts (for example, the CEO change announced on Sep 10, 2025).
Housing market conditions (rates, affordability, home price trends), which influence demand and resale conditions.
As of Jan 20, 2026, OPEN is trading around $6.39 (intraday range roughly $6.15–$6.54).
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