Is Longwood, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 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
$445,800
$236/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Longwood have sold for 10.1% more than they did a year ago.
Summary: The median home sold price in Longwood was $445,800 in March 2024, up 10.1% from last year, and the median price per square foot was $236.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $150K | $168.7K | +12.5% |
| 2 Bedrooms | $258K | $265K | +2.7% |
| 3 Bedrooms | $355K | $380.4K | +7.2% |
| 4 Bedrooms | $475.7K | $553.4K | +16.3% |
| 5+ Bedrooms | $915K | $939.9K | +2.7% |
Summary: Longwood housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 12.5%, 2 bedroom homes increased by 2.7%, 3 bedroom homes increased by 7.2%, 4 bedroom homes increased by 16.3%, and 5+ bedroom homes increased by 2.7%.
Median Sold Price Compared To Nearby Cities
| Longwood | $405K | $445.8K | +10.1% |
| Winter Springs | $389.9K | $428.3K | +9.9% |
| Casselberry | $320K | $340.1K | +6.3% |
| Casselberry-Altamonte Springs | $351.8K | $367.5K | +4.5% |
Housing Supply in Longwood, FL
How many homes are available in Longwood, FL?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 240 | 247 | +2.9% |
Summary: The Longwood real estate market had 247 homes for sale in March 2024, a 2.9% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 4 | 5 | +25.0% |
| 2 Bedrooms | 24 | 27 | +12.5% |
| 3 Bedrooms | 95 | 84 | -11.6% |
| 4 Bedrooms | 92 | 96 | +4.3% |
| 5+ Bedrooms | 25 | 35 | +40.0% |
Summary: The Longwood housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 25%, 2 bedroom homes increased by 12.5%, 3 bedroom homes decreased by 11.6%, 4 bedroom homes increased by 4.3%, and 5+ bedroom homes increased by 40%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 58 | 57 | -1.7% |
Asking Price vs. Sold Price
32 Homes Were Sold
Under Asking
17 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. 56.1% of homes here sold below asking price last month.
Summary: A total of 57 homes were sold or pending in Longwood in March 2024, down by 1.7% month-over-month. Of the 57 sold homes, 56% were sold under asking, 30% were sold at asking, and 14% 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
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 40 Days | 33 Days | -15.7% |
Summary: Homes in Longwood had an average of 33 days on market in Mar 2024, down by 15.7% compared to last year.
Breakdown of Home Sale Times
36 Homes Were Sold
Under 30 Days
13 Homes Were Sold
In 30 - 90 Days
8 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 March 2024, 57 homes were sold in Longwood; 63% of homes were sold within 30 days, 23% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.
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