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Your Lakeland Weekly Market Stats for August 26th to September 01, 2024

Your Lakeland Weekly Market Stats for August 26th to September 01, 2024

by | Sep 2, 2024 |

Here are your weekly stats for activity in Lakeland!
Homes currently for sale in Lakeland:
968–Last week we had 949 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. 153 of those homes have their own private pool or 16% of active homes for sale.
***68 of the 968 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. 151 homes were built in 2020 or newer which is 16%. Polk County’s new construction is in high demand and 1,488 of the 5,766 active homes(26%) are new builds and 2,226(39%) were built in 2020 are newer.
– 83 New Listings– Up from 78 last week!
– 48 New Contracts– Down from 58 last week!
– 81 Sold/Closed Homes– Up from 66 last week!
– $370,808 Average Sold Price
– $380,449 Average List Price($329,040 Avg. Active List Price)
– $190.13 Average Price Per Square Feet
– 34 Average Days on Market Before Contract
– 98% is List to Sales Price
Average sized home for the Solds are:
– 3 Bedroom
– 2 Bathrooms
– 1,926 Heated Square Feet
Largest sale for the week:
– 4 Bedrooms
– 3.5 Bathrooms
– 3,372 Heated Square Feet
– $1,260,000 Sales Price
– $1,370,000 List Price
– 92% List to Sale Percentage
– 38 Days on Market
– $373.67 Price Per Square Foot
– Located in 33813 and located off Lakeland Highlands Rd
– Buyer used Cash to purchase the home
– The listing agent also represented the buyer
Smallest sale for the week:
– 2 Bedrooms
– 1 Bathrooms
– 784 Heated Square Feet
– $48,000 Sales Price
– $55,000 List Price
– 87% List to Sale Percentage
– 6 Days on Market
– $61.22 Price Per Square Foot
– Buyer used Cash to purchase the home
– This home is located in 33809 and is an older manufactured home
– The listing agent also represented the buyer
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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