Is Longwood, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 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
$445,000
$236/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Longwood have sold for 8.5% more than they did a year ago.
Summary: The median home sold price in Longwood was $445,000 in April 2024, up 8.5% from last year, and the median price per square foot was $236.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $167.5K | $167.5K | 0.0% |
| 2 Bedrooms | $262.5K | $268.6K | +2.3% |
| 3 Bedrooms | $355K | $385K | +8.5% |
| 4 Bedrooms | $495K | $550K | +11.1% |
| 5+ Bedrooms | $925K | $910K | -1.6% |
Summary: Longwood housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 2.3%, 3 bedroom homes increased by 8.5%, 4 bedroom homes increased by 11.1%, and 5+ bedroom homes decreased by 1.6%.
Median Sold Price Compared To Nearby Cities
| Winter Springs | $390K | $430.9K | +10.5% |
| Longwood | $410K | $445K | +8.5% |
| Casselberry | $320K | $342.6K | +7.1% |
| Casselberry-Altamonte Springs | $354.5K | $368.6K | +4.0% |
Housing Supply in Longwood, FL
How many homes are available in Longwood, FL?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 249 | 270 | +8.4% |
Summary: The Longwood real estate market had 270 homes for sale in April 2024, a 8.4% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 4 | 7 | +75.0% |
| 2 Bedrooms | 27 | 29 | +7.4% |
| 3 Bedrooms | 88 | 92 | +4.5% |
| 4 Bedrooms | 95 | 108 | +13.7% |
| 5+ Bedrooms | 35 | 34 | -2.9% |
Summary: The Longwood housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 75%, 2 bedroom homes increased by 7.4%, 3 bedroom homes increased by 4.5%, 4 bedroom homes increased by 13.7%, and 5+ bedroom homes decreased by 2.9%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 59 | 52 | -11.9% |
Asking Price vs. Sold Price
34 Homes Were Sold
Under Asking
8 Homes Were Sold
At Asking
10 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Longwood, you may be able to get a good deal. 65.4% of homes here sold below asking price last month.
Summary: A total of 52 homes were sold or pending in Longwood in April 2024, down by 11.9% month-over-month. Of the 52 sold homes, 65% were sold under asking, 15% were sold at asking, and 19% 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
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 36 Days | 36 Days | +1.5% |
Summary: Homes in Longwood had an average of 36 days on market in Apr 2024, up by 1.5% compared to last year.
Breakdown of Home Sale Times
30 Homes Were Sold
Under 30 Days
16 Homes Were Sold
In 30 - 90 Days
6 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 April 2024, 52 homes were sold in Longwood; 58% of homes were sold within 30 days, 31% of homes were sold within 30 to 90 days, and 12% of homes were sold over 90 days.
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