4 days a week in office
End-to-end online platform for selling and buying homes
Job no longer available
End-to-end online platform for selling and buying homes
1001+ employees
Job no longer available
4 days a week in office
1001+ employees
To power life's progress one move at a time.
Desirable
Opendoor makes selling homes easy and stress-free by cutting out the prolonged processing time usually involved with a sale. Sellers can offload a house quickly and easily to the company for cash and a 6-9% fee. Currently operating in a growing number of markets nationwide, Opendoor has chimed well with millennials who gel quickly with online businesses that offer solutions to problems they encounter.
This buying and selling model doesn't come without risk. The longer Opendoor keeps a property, the lower its profit margin. However, Opendoor's performance has been anything but disappointing; it went public in 2021, with its pre-SPAC merger presentation calling for $3.5 billion in revenue. Its actual revenue trounced it, coming in at $8 billion - more than double its estimate.
Opendoor's largest competitor, Zillow, dropped out of the space in late 2021 because it struggled to price the homes it acquired accurately. Opendoor's closest remaining competitor is Offerpad, which does just a fraction of the transaction volume that Opendoor does. With strong earnings coming out of 2024, OpenDoor is looking at transforming its operations in 2026, with new management, a volume-driven strategy and an acquisition spree expected. If Opendoor can continue to ride on its long-term success, it will have an enormous lead on existing and future competitors, positioning it to securely become the overwhelming market leader.

Steph
Company Specialist at Welcome to the Jungle
-19% employee growth in 12 months
Mar 2019
$300m
SERIES F
Sep 2018
$400m
SERIES F
Financial District, San Francisco, CA
Kaz Nejatian
(CEO)Previously COO and VP of Product at Shopify, Lead Product Manager at Facebook and CEO & Co-Founder at Kash.
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