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Your Lakeland Weekly Market Stats for April 15th to April 21st, 2024

Your Lakeland Weekly Market Stats for April 15th to April 21st, 2024

Here are your weekly stats for activity in Lakeland!
Homes currently for sale in Lakeland:
781–Last week we had 772 homes for sale. Inventory is staying pretty stable in that range. We will see if it stays with that trend or if we will get more listings. 131 of those homes have their own private pool or 17% of active homes for sale.
***68 of the 781 Active homes are new construction. That makes up 9% of the inventory. The new home construction in Lakeland is not nearly as high as in the rest of the county. 126 homes were built in 2020 or newer which is 16%. Polk County’s new construction is exploding and 1,245 of the 4,848 active homes(26%) are new builds and 1,849(38%) were built in 2020 are newer.
– 96 New Listings– Up from 70 last week!
– 104 New Contracts– Up from 94 last week!
– 74 Sold/Closed Homes– Up from 58 last week!
– $360,874 Average Sold Price
– $367,380 Average List Price($364,754 Avg. Active List Price)
– $201.84 Average Price Per Square Feet
– 43 Average Days on Market Before Contract
– 98% 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
– 3 Bathrooms
– 2,724 Heated Square Feet
– $849,900 Sales Price
– $849,900 List Price
– 100% List to Sale Percentage
– 6 Days on Market
– $311.67 Price Per Square Foot
– Located in 33812 in Lakeside Heritage
– Buyer used conventional financing to purchase the home
Smallest sale for the week:
– 2 Bedrooms
– 1.5 Bathrooms
– 960 Heated Square Feet
– $160,000 Sales Price
– $159,999 List Price
– 100% List to Sale Percentage
– 92 Days on Market
– $166.67 Price Per Square Foot
– Buyer Used FHA Financing to Purchase Home
– This home is located in 33801 and is a townhome
– The seller credited the buyer $5,000 towards their closing costs
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!