Is Altoona, FL 32702 a buyer’s or seller’s market?
Altoona is a balanced market. With about 4.3 months of supply, well-priced homes can still draw more than one offer, but buyers have some room to negotiate.
The Altoona housing market right now
In the three months ending August 31, 2026, 0% of homes in Altoona, FL 32702 sold above their list price, the typical home went under contract in 314 days and there were 4.3 months of supply. Four to six months of supply is a balanced market, where pricing and condition decide how much room there is to negotiate. With only 3 sales, these figures can swing a lot from month to month.
Compared with the same period a year earlier, the share selling over asking was about the same (0% then), homes sold more slowly (20 days then) and the median sale price rose 82% to $559,758. Overall, Altoona is less competitive than a year ago, which gives buyers more room.
Within Lake County, homes here sell more slowly, and less often over asking, than in any other ZIP code in the county.
Nearby, Paisley 32767 (31% sold over asking) and Eustis 32726 (21% sold over asking) are even more competitive.
Run the numbers for 32702
Nearby markets
Astatula 34705Seller’s market $231 /sq ftAstor 32102Buyer’s market $206 /sq ftClermont 34711Balanced $216 /sq ftClermont 34714Seller’s market $217 /sq ft Browse all markets →Towns like Altoona nearby
Find towns like Altoona in other states →Where Altoona is
Loading map…
Questions about Altoona real estate
Is Altoona a buyer’s or seller’s market?
A balanced market: there were 4.3 months of supply in Altoona, FL 32702 in the three months ending August 31, 2026. Under four months usually favors sellers, and more than six favors buyers.
How fast do homes sell in Altoona?
The typical home went under contract in 314 days in the latest three months.
Do homes in Altoona sell over asking?
0% of homes sold above their original list price, and the typical sale closed at 86.5% of the list price.
What are property taxes in Altoona?
About 0.76% of a home’s value a year in Lake County, or roughly $3,040 on a $400,000 home.
What is the median home price in Altoona?
The median sale price was $559,758 in the three months ending August 31, 2026, about $192 per square foot.
Local agents
See all agents in 32702 →No sponsored agents in 32702 yet. Are you an agent here? Put your name in front of local buyers.
More tools for 32702
Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology