Is Altamonte Springs, FL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Altamonte Springs is a neutral's market

Buyer's
Market

Difference Since December 2023

At the same time last year, Altamonte Springs was a Seller's Market.

Key Takeaway

Altamonte Springs is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in Altamonte Springs, FL

How much do homes in Altamonte Springs, FL cost?

Median Sold Price

$289,312

$213/sqft

Based on all homes sold in the last 12 months.

Difference Since December 2023

+$14,000(+5.1%)

Key Takeaway

Homes in Altamonte Springs have sold for 5.1% more than they did a year ago.

Summary: The median home sold price in Altamonte Springs was $289,312 in December 2024, up 5.1% from last year, and the median price per square foot was $213.

Median Sold Price By Bedroom Count

# BEDSDec 2023Dec 2024CHANGE
1 $150K$134.5K
-10.3%
2 $195K$195K
0.0%
3 $330K$345K
+4.5%
4 $430K$462.5K
+7.6%
5+ $625K$485K
-22.4%

Summary: Altamonte Springs housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 10.3%, 2 bedroom homes did not change, 3 bedroom homes increased by 4.5%, 4 bedroom homes increased by 7.6%, and 5+ bedroom homes decreased by 22.4%.

Median Sold Price Compared To Nearby Cities

Altamonte Springs
+5.1%
Casselberry-Altamonte Springs
+4.9%
Casselberry
+2.7%
Maitland
-0.3%

Housing Supply in Altamonte Springs, FL

How many homes are available in Altamonte Springs, FL?

Number of Homes For Sale

Nov 2024Dec 2024CHANGE
349359+2.9%

Summary: The Altamonte Springs real estate market had 359 homes for sale in December 2024, a 2.9% increase compared to November 2024.

Homes For Sale By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 3741
+10.8%
2 121118
-2.5%
3 127136
+7.1%
4 5355
+3.8%
5+ 119
-18.2%

Summary: The Altamonte Springs housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 10.8%, 2 bedroom homes decreased by 2.5%, 3 bedroom homes increased by 7.1%, 4 bedroom homes increased by 3.8%, and 5+ bedroom homes decreased by 18.2%.

Number of Homes Sold

Nov 2024Dec 2024CHANGE
4054+35.0%

Asking Price vs. Sold Price

34 Homes Were Sold
Under Asking

15 Homes Were Sold
At Asking

5 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Altamonte Springs, you may be able to get a good deal. 63% of homes here sold below asking price last month.

Summary: A total of 54 homes were sold or pending in Altamonte Springs in December 2024, up by 35.0% month-over-month. Of the 54 sold homes, 63% were sold under asking, 28% were sold at asking, and 9% 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

Dec 2023Dec 2024CHANGE
34 Days55 Days+63.6%

Summary: Homes in Altamonte Springs had an average of 55 days on market in Dec 2024, up by 63.6% compared to last year.

Breakdown of Home Sale Times

30 Homes Were Sold
Under 30 Days

13 Homes Were Sold
In 30 - 90 Days

11 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During December 2024, 54 homes were sold in Altamonte Springs; 56% of homes were sold within 30 days, 24% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.

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

Report Updated 17 Days Ago

Newest Listings in Altamonte Springs, FL

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