$5,344 Closing Credit*
$450,000
3,048 SqFt
4 Beds
•3 Full Baths, 1 Partial
Klaudia Toohey, Listing Office: CHARLES RUTENBERG REALTY ORLANDO
Is Longwood, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 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
$460,150
$242/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$30,650(+7.1%)
Key Takeaway
Homes in Longwood have sold for 7.1% more than they did a year ago.
Summary: The median home sold price in Longwood was $460,150 in October 2024, up 7.1% from last year, and the median price per square foot was $242.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $150K | $168.7K | +12.5% |
| 2 Bedrooms | $265K | $275K | +3.8% |
| 3 Bedrooms | $366.9K | $399K | +8.7% |
| 4 Bedrooms | $533.3K | $552.2K | +3.5% |
| 5+ Bedrooms | $912.5K | $965K | +5.8% |
Summary: Longwood housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 12.5%, 2 bedroom homes increased by 3.8%, 3 bedroom homes increased by 8.7%, 4 bedroom homes increased by 3.5%, and 5+ bedroom homes increased by 5.8%.
Median Sold Price Compared To Nearby Cities
| Longwood | $429.4K | $460.1K | +7.1% |
| Casselberry-Altamonte Springs | $359.9K | $379.8K | +5.5% |
| Casselberry | $339.7K | $357.8K | +5.3% |
| Winter Springs | $406.1K | $425.6K | +4.8% |
Housing Supply in Longwood, FL
How many homes are available in Longwood, FL?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 296 | 276 | -6.8% |
Summary: The Longwood real estate market had 276 homes for sale in October 2024, a 6.8% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 5 | 4 | -20.0% |
| 2 Bedrooms | 31 | 33 | +6.5% |
| 3 Bedrooms | 91 | 82 | -9.9% |
| 4 Bedrooms | 131 | 117 | -10.7% |
| 5+ Bedrooms | 38 | 40 | +5.3% |
Summary: The Longwood housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 20%, 2 bedroom homes increased by 6.5%, 3 bedroom homes decreased by 9.9%, 4 bedroom homes decreased by 10.7%, and 5+ bedroom homes increased by 5.3%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 59 | 53 | -10.2% |
Asking Price vs. Sold Price
31 Homes Were Sold
Under Asking
15 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Longwood, you may be able to get a good deal. 58.5% of homes here sold below asking price last month.
Summary: A total of 53 homes were sold or pending in Longwood in October 2024, down by 10.2% month-over-month. Of the 53 sold homes, 58% were sold under asking, 28% were sold at asking, and 13% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 18 Days | 42 Days | +135.7% |
Summary: Homes in Longwood had an average of 42 days on market in Oct 2024, up by 135.7% compared to last year.
Breakdown of Home Sale Times
28 Homes Were Sold
Under 30 Days
19 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 October 2024, 53 homes were sold in Longwood; 53% of homes were sold within 30 days, 36% of homes were sold within 30 to 90 days, and 11% of homes were sold over 90 days.
Listings courtesy of Stellar MLS as distributed by MLS GRID.
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