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Your Lakeland Weekly Market Stats for July 08th to July 14th, 2024

Your Lakeland Weekly Market Stats for July 08th to July 14th, 2024

Here are your weekly stats for activity in Lakeland!
Homes currently for sale in Lakeland:
895–Last week we had 901 homes for sale. Inventory has RISEN a little bit lately. We will see if it stays with that trend or if demand will bring that down. 138 of those homes have their own private pool or 15% of active homes for sale.
***72 of the 895 Active homes are new construction. That makes up 8% 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. 140 homes were built in 2020 or newer which is 16%. Polk County’s new construction is in high demand and 1,450 of the 5,443 active homes(27%) are new builds and 2,148(39%) were built in 2020 are newer.
– 79 New Listings– Down from 84 last week!
– 91 New Contracts– Up from 60 last week!
– 68 Sold/Closed Homes– Up from 47 last week!
– $335,606 Average Sold Price
– $345,919 Average List Price($374,360 Avg. Active List Price)
– $182.57 Average Price Per Square Feet
– 53 Average Days on Market Before Contract
– 97% is List to Sales Price
Average sized home for the Solds are:
– 3 Bedroom
– 2 Bathrooms
– 1,799 Heated Square Feet
Largest sale for the week:
– 6 Bedrooms
– 4.5 Bathrooms
– 6,145 Heated Square Feet
– $1,600,000 Sales Price
– $1,800,000 List Price
– 89% List to Sale Percentage
– 329 Days on Market
– $260.37 Price Per Square Foot
– Located in 33813 and located in Shady Cove
– Buyer used Cash to purchase the home
Smallest sale for the week:
– 2 Bedrooms
– 1 Bathrooms
– 400 Heated Square Feet
– $67,500 Sales Price
– $75,000 List Price
– 90% List to Sale Percentage
– 2 Days on Market
– $168.75 Price Per Square Foot
– Buyer used Cash to purchase the home
– This home is located in 33801 and is a fixer upper
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!
May 2024 Monthly Stats for Lakeland, FL

May 2024 Monthly Stats for Lakeland, FL

Here is your Year Over Year(YoY) snapshot for the Lakeland real estate market for May 2024! So YOY for the whole year so far the sales price is UP: $7,712 higher than 2023 and the total number of sales is DOWN: 128 sales. Look and see how different the pricing was for...