Is Altamonte Springs, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Altamonte Springs was a Seller's Market.
Key Takeaway
Altamonte Springs is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Altamonte Springs, FL
How much do homes in Altamonte Springs, FL cost?
Median Sold Price
$269,900
$214/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Altamonte Springs have sold for 13.1% more than they did a year ago.
Summary: The median home sold price in Altamonte Springs was $269,900 in April 2024, up 13.1% from last year, and the median price per square foot was $214.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $140.2K | $147.5K | +5.2% |
| 2 Bedrooms | $195K | $195.4K | 0.3% |
| 3 Bedrooms | $325.9K | $335.3K | +2.9% |
| 4 Bedrooms | $448K | $434.9K | -2.9% |
| 5+ Bedrooms | $506K | $617.5K | +22.0% |
Summary: Altamonte Springs housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 5.2%, 2 bedroom homes increased by 0.3%, 3 bedroom homes increased by 2.9%, 4 bedroom homes decreased by 2.9%, and 5+ bedroom homes increased by 22%.
Median Sold Price Compared To Nearby Cities
| Altamonte Springs | $238.6K | $269.9K | +13.1% |
| Casselberry | $320K | $342.6K | +7.1% |
| Casselberry-Altamonte Springs | $354.5K | $368.6K | +4.0% |
| Maitland | $465K | $456.2K | -1.9% |
Housing Supply in Altamonte Springs, FL
How many homes are available in Altamonte Springs, FL?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 320 | 334 | +4.4% |
Summary: The Altamonte Springs real estate market had 334 homes for sale in April 2024, a 4.4% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 62 | 69 | +11.3% |
| 2 Bedrooms | 97 | 103 | +6.2% |
| 3 Bedrooms | 122 | 120 | -1.6% |
| 4 Bedrooms | 33 | 33 | 0.0% |
| 5+ Bedrooms | 6 | 9 | +50.0% |
Summary: The Altamonte Springs housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 11.3%, 2 bedroom homes increased by 6.2%, 3 bedroom homes decreased by 1.6%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 55 | 45 | -18.2% |
Asking Price vs. Sold Price
28 Homes Were Sold
Under Asking
11 Homes Were Sold
At Asking
6 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. 62.2% of homes here sold below asking price last month.
Summary: A total of 45 homes were sold or pending in Altamonte Springs in April 2024, down by 18.2% month-over-month. Of the 45 sold homes, 62% were sold under asking, 24% were sold at asking, and 13% 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
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 26 Days | 39 Days | +50.7% |
Summary: Homes in Altamonte Springs had an average of 39 days on market in Apr 2024, up by 50.7% compared to last year.
Breakdown of Home Sale Times
27 Homes Were Sold
Under 30 Days
13 Homes Were Sold
In 30 - 90 Days
5 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 April 2024, 45 homes were sold in Altamonte Springs; 60% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 11% of homes were sold over 90 days.
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