Is Altamonte Springs, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Altamonte Springs was a Seller's Market.
Key Takeaway
Altamonte Springs is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Altamonte Springs, FL
How much do homes in Altamonte Springs, FL cost?
Median Sold Price
$275,416
$215/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Altamonte Springs have sold for 15.2% more than they did a year ago.
Summary: The median home sold price in Altamonte Springs was $275,416 in May 2024, up 15.2% from last year, and the median price per square foot was $215.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $142.5K | $147.5K | +3.5% |
| 2 Bedrooms | $195K | $195.4K | 0.3% |
| 3 Bedrooms | $321K | $338.9K | +5.6% |
| 4 Bedrooms | $441K | $443.7K | +0.6% |
| 5+ Bedrooms | $540K | $617.5K | +14.4% |
Summary: Altamonte Springs housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 3.5%, 2 bedroom homes increased by 0.3%, 3 bedroom homes increased by 5.6%, 4 bedroom homes increased by 0.6%, and 5+ bedroom homes increased by 14.4%.
Median Sold Price Compared To Nearby Cities
| Altamonte Springs | $239.1K | $275.4K | +15.2% |
| Casselberry | $325K | $345.9K | +6.4% |
| Casselberry-Altamonte Springs | $355.2K | $368.2K | +3.7% |
| Maitland | $460K | $460K | 0.0% |
Housing Supply in Altamonte Springs, FL
How many homes are available in Altamonte Springs, FL?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 328 | 378 | +15.2% |
Summary: The Altamonte Springs real estate market had 378 homes for sale in May 2024, a 15.2% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 68 | 74 | +8.8% |
| 2 Bedrooms | 97 | 130 | +34.0% |
| 3 Bedrooms | 119 | 126 | +5.9% |
| 4 Bedrooms | 36 | 41 | +13.9% |
| 5+ Bedrooms | 8 | 7 | -12.5% |
Summary: The Altamonte Springs housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 8.8%, 2 bedroom homes increased by 34%, 3 bedroom homes increased by 5.9%, 4 bedroom homes increased by 13.9%, and 5+ bedroom homes decreased by 12.5%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 48 | 62 | +29.2% |
Asking Price vs. Sold Price
33 Homes Were Sold
Under Asking
16 Homes Were Sold
At Asking
13 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Altamonte Springs, you may be able to get a good deal. 53.2% of homes here sold below asking price last month.
Summary: A total of 62 homes were sold or pending in Altamonte Springs in May 2024, up by 29.2% month-over-month. Of the 62 sold homes, 53% were sold under asking, 26% were sold at asking, and 21% were sold over asking.
Days on Market for Altamonte Springs, FL
How long does it take to sell a home in Altamonte Springs, FL?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 21 Days | 42 Days | +97.9% |
Summary: Homes in Altamonte Springs had an average of 42 days on market in May 2024, up by 97.9% compared to last year.
Breakdown of Home Sale Times
32 Homes Were Sold
Under 30 Days
24 Homes Were Sold
In 30 - 90 Days
6 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Altamonte Springs are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 62 homes were sold in Altamonte Springs; 52% of homes were sold within 30 days, 39% of homes were sold within 30 to 90 days, and 10% of homes were sold over 90 days.
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