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Your Lakeland Weekly Market Stats for November 20th to November 26th, 2023

Your Lakeland Weekly Market Stats for November 20th to November 26th, 2023

by | Nov 27, 2023 |

Here are your weekly stats for activity in Lakeland!
Homes currently for sale in Lakeland:
703–Last week we had 705 homes for sale. Inventory is staying consistent in that range.
***87 of the 703 Active homes are new construction. That makes up 12% of the inventory. 123 homes were built in 2020 or newer which is 17%. Polk County’s new construction is exploding and 1,188 of the 4,279 active homes(28%) are new builds and 1,606(38%) were built in 2020 ore newer.
– 51 New Listings–Up from 50 last week!
– 43 New Contracts– Down from 80 last week!
– 53 Sold/Closed Homes– Down from 71 last week!
– $343,492 Average Sold Price
– $350,197 Average List Price($351,921 Avg. Active List Price)
– $177.69 Average Price Per Square Feet
– 35 Average Days on Market Before Contract
– 98% is List to Sales Price
Average sized home for the Solds are:
– 4 Bedroom
– 2 Bathrooms
– 1,916 Heated Square Feet
Largest sale for the week:
– 4 Bedrooms
– 4 Bathrooms
– 3,776 Heated Square Feet
– $1,200,000 Sales Price
– $1,255,000 List Price
– 96% List to Sale Percentage
– 51 Days on Market
– $317.80 Price Per Square Foot
– Located in 33812 on .45 acre lot in Delphi Community
– Buyer used Conventional Financing to Purchase the Home with a $1,850 Seller Credit to Buyer
Smallest sale for the week:
– 2 Bedrooms
– 1 Bathrooms
– 672 Heated Square Feet
– $105,000 Sales Price
– $115,000 List Price
– 91% List to Sale Percentage
– 57 Days on Market
– $156.25 Price Per Square Foot
– Buyer Used Cash to Purchase Home
– This home is located in 33805 and is a mobile home
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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