Is Longwood, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Longwood has remained a Seller's Market.
Key Takeaway
Longwood is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Longwood, FL
How much do homes in Longwood, FL cost?
Median Sold Price
$449,683
$237/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Longwood have sold for 9.6% more than they did a year ago.
Summary: The median home sold price in Longwood was $449,683 in May 2024, up 9.6% from last year, and the median price per square foot was $237.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $167.5K | $167.5K | 0.0% |
| 2 Bedrooms | $265K | $268.6K | +1.4% |
| 3 Bedrooms | $359.9K | $385K | +7.0% |
| 4 Bedrooms | $509K | $550K | +8.1% |
| 5+ Bedrooms | $925K | $939.9K | +1.6% |
Summary: Longwood housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 1.4%, 3 bedroom homes increased by 7%, 4 bedroom homes increased by 8.1%, and 5+ bedroom homes increased by 1.6%.
Median Sold Price Compared To Nearby Cities
| Longwood | $410.3K | $449.6K | +9.6% |
| Winter Springs | $394.5K | $430K | +9.0% |
| Casselberry | $325K | $345.9K | +6.4% |
| Casselberry-Altamonte Springs | $355.2K | $368.2K | +3.7% |
Housing Supply in Longwood, FL
How many homes are available in Longwood, FL?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 277 | 296 | +6.9% |
Summary: The Longwood real estate market had 296 homes for sale in May 2024, a 6.9% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 8 | 9 | +12.5% |
| 2 Bedrooms | 31 | 33 | +6.5% |
| 3 Bedrooms | 99 | 101 | +2.0% |
| 4 Bedrooms | 107 | 111 | +3.7% |
| 5+ Bedrooms | 32 | 42 | +31.3% |
Summary: The Longwood housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 12.5%, 2 bedroom homes increased by 6.5%, 3 bedroom homes increased by 2%, 4 bedroom homes increased by 3.7%, and 5+ bedroom homes increased by 31.3%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 57 | 69 | +21.1% |
Asking Price vs. Sold Price
43 Homes Were Sold
Under Asking
18 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Longwood, you may be able to get a good deal. 62.3% of homes here sold below asking price last month.
Summary: A total of 69 homes were sold or pending in Longwood in May 2024, up by 21.1% month-over-month. Of the 69 sold homes, 62% were sold under asking, 26% were sold at asking, and 12% were sold over asking.
Days on Market for Longwood, FL
How long does it take to sell a home in Longwood, FL?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 38 Days | 30 Days | -22.1% |
Summary: Homes in Longwood had an average of 30 days on market in May 2024, down by 22.1% compared to last year.
Breakdown of Home Sale Times
46 Homes Were Sold
Under 30 Days
18 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Longwood are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 69 homes were sold in Longwood; 67% of homes were sold within 30 days, 26% of homes were sold within 30 to 90 days, and 7% of homes were sold over 90 days.
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