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Your Lakeland Weekly Market Stats for September 09th to September 15th, 2024

Your Lakeland Weekly Market Stats for September 09th to September 15th, 2024

by | Sep 16, 2024 |

Here are your weekly stats for activity in Lakeland!
Homes currently for sale in Lakeland:
1,032–Last week we had 1,003 homes for sale. Inventory is RISING currently. We will see if it stays that way or if demand will bring that down. 158 of those homes have their own private pool or 15% of active homes for sale.
***66 of the 1,032 Active homes are new construction. That makes up 6% of the inventory. The new home construction in Lakeland is not nearly as high as in the rest of the county and is stable in that range. 158 homes were built in 2020 or newer which is 15%. Polk County’s new construction is in high demand and 1,410 of the 5,932 active homes(24%) are new builds and 2,173(37%) were built in 2020 are newer.
– 94 New Listings– Up from 73 last week!
– 54 New Contracts– Up from 48 last week!
– 63 Sold/Closed Homes– Up from 36 last week!
– $354,607 Average Sold Price
– $366,160 Average List Price($348,932 Avg. Active List Price)
– $196.54 Average Price Per Square Feet
– 45 Average Days on Market Before Contract
– 97% is List to Sales Price
Average sized home for the Solds are:
– 3 Bedroom
– 2 Bathrooms
– 1,784 Heated Square Feet
Largest sale for the week:
– 4 Bedrooms
– 2(Plus 2 Half Baths) Bathrooms
– 3,337 Heated Square Feet
– $1,225,000 Sales Price
– $1,400,000 List Price
– 88% List to Sale Percentage
– 31 Days on Market
– $367.10 Price Per Square Foot
– Located in 33810 and located off Simms Rd
– Buyer used Conventional financing to purchase the home
– The home had 17.20 Acres
Smallest sale for the week:
– 3 Bedrooms
– 1 Bathrooms
– 988 Heated Square Feet
– $100,000 Sales Price
– $165,000 List Price
– 61% List to Sale Percentage
– 54 Days on Market
– $101.21 Price Per Square Foot
– Buyer used Cash to purchase the home
– This home is located in 33811 and is an older home
– The listing agent is also the buyers agent on the sale
Thanks for taking the time to check out these stats. If you would like to speak to us about these, how they are trending this year compared to other years or want to speak about how we can help you, we would love to connect! Reach out today and lets set up a time to get together! Real estate is our passion!
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