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Your Lakeland Weekly Market Stats for September 02nd to September 08th, 2024

Your Lakeland Weekly Market Stats for September 02nd to September 08th, 2024

by | Sep 10, 2024 |

Here are your weekly stats for activity in Lakeland!
Homes currently for sale in Lakeland:
1,003–Last week we had 968 homes for sale. Inventory is staying steady in that range. We will see if it stays that way or if demand will bring that down. 159 of those homes have their own private pool or 16% of active homes for sale.
***72 of the 1,003 Active homes are new construction. That makes up 7% 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. 159 homes were built in 2020 or newer which is 16%. Polk County’s new construction is in high demand and 1,450 of the 5,861 active homes(25%) are new builds and 2,203(38%) were built in 2020 are newer.
– 73 New Listings– Down from 83 last week!
– 48 New Contracts– Same from 48 last week!
– 36 Sold/Closed Homes– Down from 81 last week!
– $400,809 Average Sold Price
– $413,316 Average List Price($406,519 Avg. Active List Price)
– $192.00 Average Price Per Square Feet
– 50 Average Days on Market Before Contract
– 97% is List to Sales Price
Average sized home for the Solds are:
– 4 Bedroom
– 3 Bathrooms
– 2,083 Heated Square Feet
Largest sale for the week:
– 5 Bedrooms
– 3.5 Bathrooms
– 3,204 Heated Square Feet
– $810,000 Sales Price
– $810,000 List Price
– 100% List to Sale Percentage
– 64 Days on Market
– $252.81 Price Per Square Foot
– Located in 33809 and located off Old Polk City Rd
– Buyer used VA financing to purchase the home
– Seller contributed $17,000 towards buyers closing costs
– The listing agent also represented the buyer
Smallest sale for the week:
– 4 Bedrooms
– 2 Bathrooms
– 1,636 Heated Square Feet
– $155,000 Sales Price
– $160,000 List Price
– 97% List to Sale Percentage
– 19 Days on Market
– $94.74 Price Per Square Foot
– Buyer used Private financing to purchase the home
– This home is located in 33805 and is an older 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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