Provided are systems, methods, and media for real-time alteration of underwater images. An example method includes receiving an image that is captured by a wearable electronic device of a user while submerged in water, in which the wearable electronic device of the user includes one or more display screens and one or more sensors, and in which the one or more sensors include one or more cameras that are configured to capture the image. The method includes adjusting the image based, at least in part, on one or more environmental factors of the water, in which the adjusting of the image includes adjusting colors of the image to compensate for changes in color while submerged in the water. The method includes causing the wearable electronic device to display the adjusted image to the user while submerged in water via the one or more display screens.