Is Longwood, FL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Longwood is a seller's market

Buyer's
Market

Difference Since November 2021

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.

How much do homes in Longwood, FL cost?

Median Sold Price

$365,000

$225/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2021

+$65,000(+21.7%)

Key Takeaway

Homes in Longwood have sold for 21.7% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSNov 2021Nov 2022%
1 --
N/A
2 $230K$256.5K
+11.5%
3 $285K$349.9K
+22.8%
4 $365K$427.9K
+17.2%
5+ $531.7K$639K
+20.2%

Median Sold Price Compared To Nearby Cities

Longwood
+21.7%
Casselberry-Altamonte Springs
+17.0%
Casselberry
+16.1%
Winter Springs
+13.0%

How many homes are available in Longwood, FL?

Number of Homes For Sale

Oct 2022Nov 2022%
5652-7.1%

Homes For Sale By Bedroom Count

# BEDSOct 2022Nov 2022%
1 00
0.0%
2 22
0.0%
3 3128
-9.7%
4 2219
-13.6%
5+ 13
+200.0%

Number of Homes Sold

Oct 2022Nov 2022%
1817-5.6%

Asking Price vs. Sold Price

9 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

5 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Longwood, you may be able to get a good deal. 52.9% of homes here sold below asking price last month.

Average Sale Time

Nov 2021Nov 2022%
21 Days36 Days+72.3%

Breakdown of Home Sale Times

13 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Longwood are selling fast, if you're buying plan to act quickly.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

About Longwood, FL

Longwood, FL has 52 homes on the market. The number of listings in Longwood, FL decreased by 7.1% between October 2022 and November 2022. Listings spent 36 days on the market in November 2022, and had a median list price of $365,000 during the same period. Listing prices have changed in this real estate market between October 2022 and November 2022: prices of 1 bedroom properties went up by 0%, prices of 2 bedrooms properties increased by 11.5%, prices of 3 bedrooms properties increased by 22.8%, 4 bedrooms properties prices increased by 17.2%, prices of 5 bedrooms properties went up by 20.2%. This housing market inventory have changed: 1 bedroom homes did not move, 2 bedrooms homes inventory did not change, the quantity of 3 bedrooms homes went down by 9.7%, volume of 4 bedrooms homes went down by 13.6%, the quantity of 5 bedrooms homes went up by 200%. In November 2022 more than 5 listings in Longwood, FL were sold above the asking price. During the same period more than 3 listings were sold at asking price, while more than 9 were sold below.

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