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Altamonte Springs, FL housing market

The Altamonte Springs housing market isn’t that competitive. The median home sales price in January 2025 has increased in the past 3 months to $292,250. That’s up 27.6% and $63,250 higher than January 2024 of last year. That is higher than the Florida state median home sales price of $410,600. Homes typically sell after 47 days on market, which is faster than the state average and higher than 43 days in January 2024 a year prior.

Housing market overview for

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Trended Median Home Values
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How much do homes in Altamonte Springs, FL cost?

The median home price in Altamonte Springs was $292,250 in January 2025, up 27.6% from last year.

January's median sale price
$292K
Caret UpUp $63K and 27.6% since Jan 2024
Trended Homes Inventory
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How many homes are available in Altamonte Springs, FL?

The real estate market in Altamonte Springs had 227 homes for sale in January and is up from 216 homes for sale the month prior and up from 179 homes in January 2024.

Homes for sale in January
227
Caret UpUp 48 and 26.8% since Jan 2024
Trended Homes Sold
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How many homes are sold in Altamonte Springs, FL?

There were 34 homes sold in January 2025, trending up from 33 homes sold a year ago.

Homes sold in January
34
Caret UpUp 1 and 3% since Jan 2024
Trended Median Days on Market
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How long does it take to sell a home in Altamonte Springs, FL?

Homes in Altamonte Springs are staying on the market for 47 days. That’s 4 days slower than the median in January 2024, which means that the market is less competitive today.

Median days on market in January
47
Caret UpUp 4 and 9.3% since Jan 2024

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

It is considered a balanced market right now. Housing inventory is up since last year, which means supply is less constrained. Mortgage rates are 6.8%, making the average house payment $2,267, which is $724 higher than a year before.

Total months of housing supply available for sale is 6.7 months, up 24.1% from 5.4 month(s) in January 2024.

Months of Supply

The Months of Supply housing metric is an estimate of how long it would take to sell all the homes for sale relative to the number of homes sold each month. Historically, 5 to 6 months is the average. You may also hear this metric referred to as the "absorption rate."

Lower months of housing supply typically signal a seller’s market whereas when months of supply is greater than 6 months typically signal a buyer’s market.

Sales to Listing Ratio

Sales to Listing Ratios are an indicator of supply and demand. It is all the completed sales in the past month divided by the total number of active listings.

In a balanced real estate market, the total number of home sales to active listings ratio is between 0.12 and 0.2 while markets with a ratio higher than 0.2 favors seller’s, as homes are selling fast and there is limited inventory, while markets below 0.12 favor home buyers because there is a larger supply of homes to purchase.

Selling a house in Altamonte Springs, FL

Home values have increased by 27.3% since last year, and the number of days it takes to sell a home has increased from 41 days in January 2024 to 47 days in January 2025.

The best time to sell your home in Altamonte Springs is in September, when homes sell fastest and for the most money.

Sellers typically pay the commission of both the listing and buyer’s agents, which typically total 5-6% of the home sale price. That’s $17,535 paid in commission to the real estate agents. You’d also need to factor in closing costs, plus other fees and your mortgage payoff amount, to calculate the net proceeds from your home sale.

Buying a house in Altamonte Springs, FL

Homes in Altamonte Springs have a median price of $292,250, which means you’ll need $29,225 for a 10% down payment. Housing costs have increased 27.3% in the past year. When you’re several months out and have your down payment saved, make sure to get pre-approved for a mortgage and find a real estate agent.

Home values are only one part of the home affordability equation. When buying a house in Altamonte Springs, don’t forget to also account for closing costs, which are typically 3-4% of the home cost. In addition to a down payment of $29,225 you should have $11,690 as well as budget for cash reserves, moving expenses and ongoing homeownership costs for home maintenance and repairs or HOA fees.

Altamonte Springs home values are 100.2% cheaper than Lake Mary and 40.5% cheaper than the state median home value.

How does the Altamonte Springs real estate market compare to other markets?

The Altamonte Springs real estate market has a median sale price of $292,250, which is 40.5% lower than the state median sale price of $410,600. Compare other markets or nearby cities, as they can vary significantly.

Altamonte Springs, FL
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Lake Mary, FL
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Florida
Median home saleMedian home saleMedian home sale
$292,250$585,000$410,600
Days on marketDays on marketDays on market
479073
Monthly house payment
Monthly house payment
Monthly house payment
$2,267$4,242$3,066
Cost to buy a house
Cost to buy a house
Cost to buy a house
$40,915$81,900$57,484
Cost to sell a house
Cost to sell a house
Cost to sell a house
$20,457$40,950$28,742

Take the next step in Altamonte Springs: Find an agent

Navigating the Altamonte Springs housing market can be tricky, but you don’t have to go it alone. When you're ready to learn more, reach out to a local Altamonte Springs real estate agent to get the process started. We recommend interviewing multiple candidates and coming prepared with a list of all your questions.

Altamonte Springs, FL housing market FAQs

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