Flush with a recent $325 million round of venture funding, the all-cash homebuying startup Opendoor is officially operational in Minnesota.

As of late June, the startup had expanded to its 11th market nationwide: Minneapolis-St. Paul.

“The company is currently issuing offers in Minnesota,” an Opendoor spokesperson told Inman on Friday.

However, no homes-for-sale in Minnesota are currently listed on Opendoor’s website. Instead, both Minneapolis and Tampa are shown as “Coming Soon.”

Opendoor Minneapolis Tampa

Credit: Opendoor

Entering a Minneapolis home address into Opendoor’s online instant free offer feature also did not yield any results when Inman gave it a try.

As of July, Opendoor was also operational in Phoenix, Dallas-Fort Worth, San Antonio, Las Vegas, Atlanta, Nashville, Charlotte, Raleigh, Orlando and Tampa.

As the company figures out how to navigate growth and increased demand, Opendoor is also tweaking its approach to different markets. Inman reported today that Opendoor temporarily reduced the upper price limit on homes it will make offers on in Dallas-Ft. Worth, dropping its cap from $500,000 to $300,000.

As part of its growth, Opendoor recently announced plans to reach 50 markets across the U.S. by 2020.

Email Veronika Bondarenko

Show Comments Hide Comments

Comments

Sign up for Inman’s Morning Headlines
What you need to know to start your day with all the latest industry developments
By submitting your email address, you agree to receive marketing emails from Inman.
Success!
Thank you for subscribing to Morning Headlines.
Back to top
×
Log in
If you created your account with Google or Facebook
Don't have an account?
Forgot your password?
No Problem

Simply enter the email address you used to create your account and click "Reset Password". You will receive additional instructions via email.

Forgot your username? If so please contact customer support at (510) 658-9252

Password Reset Confirmation

Password Reset Instructions have been sent to

Subscribe to The Weekender
Get the week's leading headlines delivered straight to your inbox.
Top headlines from around the real estate industry. Breaking news as it happens.
15 stories covering tech, special reports, video and opinion.
Unique features from hacker profiles to portal watch and video interviews.
Unique features from hacker profiles to portal watch and video interviews.
It looks like you’re already a Select Member!
To subscribe to exclusive newsletters, visit your email preferences in the account settings.
Up-to-the-minute news and interviews in your inbox, ticket discounts for Inman events and more
1-Step CheckoutPay with a credit card
By continuing, you agree to Inman’s Terms of Use and Privacy Policy.

You will be charged . Your subscription will automatically renew for on . For more details on our payment terms and how to cancel, click here.

Interested in a group subscription?
Finish setting up your subscription