Top 10 Companies like Opendoor in the US

Companies like opendoor has revolutionized the real estate industry by enabling homeowners to buy and sell properties with the ease of a mobile app.

Founded in 2014 and headquartered in San Francisco, Opendoor leverages proprietary algorithms and instant cash offers to streamline home transactions.

Despite its rapid rise and initial valuation of $8 billion, the company has faced significant challenges, including a sharp drop in value to $1.11 billion by the end of 2022 and a major workforce reduction.

Still, Opendoor remains a dominant player in 44 U.S. markets and continues to innovate with offerings like Opendoor Exclusives, which bypass traditional real estate hassles.

However, the real estate tech space is crowded with competitors vying for market share. Companies like Redfin, Zillow, Offerpad, and Compass offer similar digital-first home buying and selling services.

Others, like Knock, Orchard, and HomeLight, provide niche solutions that cater to specific buyer and seller needs. These companies each bring unique strengths and innovations to the table.

In this article, we explore the top 10 companies like Opendoor in the U.S., analyzing how they compare in technology, service offerings, market reach, and customer experience.

Whether you’re a homeowner, investor, or industry observer, understanding these alternatives can help you make smarter real estate decisions.

1. Redfin

Year founded: 2004
Headquarter: Seattle, Washington

Redfin is one of the leading companies like Opendoor, offering a tech-driven approach to buying, selling, and renting real estate across the U.S. and Canada.

Known for its user-friendly online platform, Redfin provides access to home listings, rentals, lending services, title insurance, and even renovation solutions—all in one place. With over 5,000 employees and a presence in more than 100 markets as of 2022, Redfin is a strong player in the real estate industry.

In 2019, it introduced RedfinNow, its iBuyer solution, allowing homeowners to receive instant offers and close deals quickly, similar to Opendoor’s model.

This program now contributes significantly to the company’s revenue, accounting for roughly a quarter of its earnings. Redfin also distinguishes itself through expert insights from its in-house research team, helping consumers make informed decisions.

With its extensive service offerings and focus on innovation, Redfin stands out as a competitive and reliable alternative among companies like Opendoor.

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2. Zillow

Year founded: 2006
Headquarter: Seattle, Washington

Zillow stands out as one of the most recognized companies like Opendoor, offering a robust digital platform that connects home buyers, sellers, and renters across the U.S.

Known for its signature tools such as Zillow Offers, Zestimate, and the Zillow 3D Home Tour, the company aims to simplify the home buying and selling experience with innovative technology.

Although Zillow shut down its iBuyer division in November 2021 and laid off 25% of its workforce, it continues to be a top competitor in the online real estate space.

One of Zillow’s key advantages lies in its end-to-end real estate solutions—real estate agents and sellers can host virtual home tours, while buyers can explore properties and estimate home values using Zestimate.

The nationwide rollout of its 3D Home Tour in August 2022 further enhances virtual engagement for users. Despite scaling back from direct home buying, Zillow remains a powerful and trusted Opendoor alternative, especially for tech-savvy consumers.

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3. Offerpad

Year founded: 2015
Headquarter: Chandler, Arizona

Offerpad is one of the top companies like Opendoor, offering a tech-driven platform that simplifies the home buying and selling process.

As a pioneering iBuyer, Offerpad made headlines in 2021 by becoming the first pure-play iBuyer to achieve profitability—demonstrating the sustainability of its business model.

The company went public the same year through a $650 million IPO after merging with SPAC Supernova Partners. While Opendoor operates in 44 U.S. markets, Offerpad currently serves 16 states, providing targeted and localized services.

Homeowners using Offerpad can receive fast, competitive cash offers, list their homes with flexible options, and access mortgage and buyer services all in one place.

A key differentiator is its My Way renovation solution, introduced in 2022, which allows homeowners to upgrade their properties and roll the costs into their mortgages.

With its efficient platform, tailored services, and innovative renovation options, Offerpad remains a strong alternative to Opendoor for tech-savvy home sellers and buyers.

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4. Orchard

Year founded: 2017
Headquarter: New York City, New York

Orchard, formerly known as Perch, is a fast-growing online real estate company and one of the notable companies like Opendoor.

It offers a tech-enabled platform with three core services: Move First (which allows sellers to buy their next home before selling their current one), Buy with Orchard (for purchasing new homes), and List with Orchard (to help homeowners sell more effectively).

While Opendoor operates in over 40 markets, Orchard currently serves 13 U.S. cities, focusing on quality service and innovation in fewer markets.

In 2021, Orchard raised $100 million in Series D funding, bringing its total funding to $250 million and boosting its valuation to $1 billion.

This momentum sparked speculation about a potential IPO. Despite layoffs in 2022, the company continued to expand into new markets and launched innovative tools like offer management systems to enhance customer experience.

Orchard’s customer-centric features and strategic growth make it a strong iBuyer alternative to Opendoor.

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5. Realtor.com

Year founded: 1995
Headquarter: Santa Clara, California

Realtor.com is one of the most established companies like Opendoor, having pioneered the digital real estate space over 25 years ago.

It operates a robust, open real estate marketplace with a highly trafficked listing website and mobile applications.

In 2021, it became the second most visited real estate listing site in the U.S., attracting over 100 million monthly active users.

Unlike Opendoor, which focuses on instant cash offers and home flipping, Realtor.com provides in-depth expert insights, market trends, and predictive data models to help users make informed decisions.

It serves a broader audience—from first-time home buyers to seasoned investors—offering guidance and tools for navigating the real estate process.

In December 2022, the company released its 2023 Top Housing Markets forecast, reinforcing its role as a data-driven authority in real estate.

With its massive reach and consumer-focused features, Realtor.com remains a strong and reliable alternative to Opendoor in the digital real estate ecosystem.

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6. Knock

Year founded: 2015
Headquarter: New York City, New York

Knock is one of the leading companies like Opendoor, offering a tech-driven platform to simplify home buying and selling across 75 markets in the U.S.

The company’s unique selling proposition lies in its innovative financial tools—Home Swap and Knock GO (Guaranteed Offer)—which allow homeowners to purchase a new home before selling their existing one, giving them the flexibility and confidence often missing in traditional transactions.

Through its Home Swap solution, thousands of users have been able to unlock equity from their current homes to finance new purchases without contingency delays. Knock GO provides buyers with a cash-like loan, increasing their chances of winning competitive bids.

Despite laying off half of its workforce in 2022, Knock remains a robust Opendoor competitor with over $900 million in debt and equity raised.

Its strong network of 1.5 million National Association of Realtors (NAR) members helps expand its reach and credibility in the housing market.

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7. Compass

Year founded: 2012
Headquarter: New York City, New York

Compass is one of the top companies like Opendoor, known for its strong real estate brokerage model powered by advanced technology.

Operating in 69 markets across the U.S. with a network of over 26,000 agents, Compass aims to simplify and streamline the home buying and selling process through digital tools and data-driven insights.

While Opendoor offers a direct buying and selling experience through its iBuyer platform, Compass focuses on enhancing the capabilities of real estate agents with a proprietary platform that includes marketing, customer relationship management (CRM), and pricing tools. This tech-first approach helps agents close deals more efficiently and deliver better service to clients.

Compass went public in 2021 with a $450 million IPO and has raised $1.5 billion since its founding. Despite layoffs due to market challenges, the company remains a formidable Opendoor competitor due to its scale, resources, and focus on agent support, making it a viable alternative in today’s digital real estate market.

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8. HomeLight

Year founded: 2012
Headquarter: Scottsdale, Arizona

HomeLight is a standout platform that connects home buyers and sellers with qualified real estate agents, making it one of the top competitors to Opendoor.

Unlike Opendoor, which uses the iBuyer model to purchase homes directly, HomeLight focuses on helping users find the right agents to facilitate their buying or selling process.

Founded in 2012, HomeLight has grown significantly, now partnering with over 28,000 agents across the U.S. The company raised $60 million in June 2022, and its valuation currently stands at $1.6 billion.

HomeLight’s platform matches buyers and sellers with top agents based on a variety of criteria, such as performance metrics and user reviews, ensuring that clients receive the best service.

In 2021, HomeLight helped facilitate over $1 billion in transactions and attracts more than 1.5 million monthly visitors. For those looking for an alternative to Opendoor’s direct buying model, HomeLight offers an excellent solution through its real estate brokerage platform.

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9. EasyKnock

Year founded: 2016
Headquarter: New York City, New York

EasyKnock is a real estate tech company that provides innovative sale-leaseback programs, making it a unique alternative to Opendoor.

Unlike traditional home-selling methods, EasyKnock’s offerings, such as MoveAbility, Sell & Stay, and ReLease, allow homeowners to access the equity in their properties while still staying in their homes.

In August 2021, EasyKnock expanded its services to farm owners by acquiring FarmlandFinder, further diversifying its reach. The company collaborates with real estate agents, lenders, attorneys, and planners to enhance the financial well-being of its clients, offering tailored solutions to those in need of cash without having to relocate.

With its buy-back option and indefinite lease renewal, EasyKnock provides long-term security to homeowners who opt for its sale-leaseback model.

This combination of flexibility and financial accessibility makes EasyKnock a distinctive competitor to iBuyers like Opendoor, offering a unique approach for homeowners seeking liquidity without losing their homes.

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10. Sundae

Year founded: 2018
Headquarter: Santa Francisco, California

Sundae is a real estate platform that provides homeowners with a unique way to sell their properties by connecting them with vetted local investors.

Unlike Opendoor, which buys properties directly, Sundae acts as a marketplace, allowing sellers to receive multiple cash offers from investors. This approach ensures that homeowners can compare offers and select the one that gives them the highest sale price, giving them more control over the transaction.

As of March 2022, Sundae operates in key markets including California, Florida, Georgia, Texas, and specific cities like Charleston, Las Vegas, Salt Lake City, and Seattle.

By focusing on connecting home sellers with investors rather than directly purchasing homes, Sundae offers a more flexible and competitive option for those looking to sell quickly and efficiently.

This makes Sundae a strong competitor to Opendoor, especially for homeowners who prefer a wider range of offers and the ability to choose the best deal.

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FAQs

What do companies like Opendoor do?

Companies like Opendoor are part of the “iBuyer” real estate model. They use technology and data-driven algorithms to make instant offers on homes, typically in cash. After purchasing a home, they may make repairs and relist it for resale, streamlining the process for both sellers and buyers.

How do these companies make money?

These companies earn revenue by charging service fees (similar to agent commissions), selling homes at a profit, offering financing services, and providing ancillary services like home warranties and title insurance.

Are Opendoor alternatives safe and reliable?

Most well-known Opendoor competitors—like Redfin, Zillow, and Offerpad—are legitimate, regulated businesses with proven track records. However, it’s always important for sellers and buyers to read reviews, check Better Business Bureau ratings, and compare offers before choosing.

Do iBuyers offer fair market prices for homes?

iBuyers usually offer slightly below market value to cover potential risk and resale costs. However, many homeowners find the trade-off worth it for the speed and convenience.

What are the benefits of using companies like Opendoor?

Benefits include fast sales, fewer contingencies, no home showings, and reduced uncertainty. These platforms are ideal for those who prioritize convenience over maximizing sale price.

Conclusion

Companies like Opendoor have revolutionized the real estate industry by simplifying the buying and selling process through technology-driven platforms.

These iBuyer models offer homeowners the convenience of quick, hassle-free transactions, often with instant cash offers and minimal showings.

While they may not always offer top dollar, the speed, efficiency, and reduced stress appeal to many sellers. As competition in this space grows, alternatives such as Redfin, Zillow, and Offerpad continue to innovate and expand.

Whether you’re buying or selling, understanding your options among these top companies ensures you can make an informed decision that suits your unique real estate needs.

Top 10 Companies like Opendoor in the US | 2025 Updated List