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Your Lakeland Weekly Market Stats for October 21st to October 27th, 2024

by | Oct 29, 2024 |

Here are your weekly stats for activity in Lakeland!
Homes currently for sale in Lakeland:
1,045–Last week we had 1,045 homes for sale. Inventory is staying steady currently. 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 15% of active homes for sale.
***77 of the 1,045 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. 163 homes were built in 2020 or newer which is 16%. Polk County’s new construction is in high demand and 1,556 of the 6,166 active homes(22%) are new builds and 2,324(38%) were built in 2020 are newer.
– 77 New Listings– Up from 59 last week!
– 66 New Contracts– Up from 38 last week!
– 59 Sold/Closed Homes– Up from 35 last week!
– $381,319 Average Sold Price
– $399,242 Average List Price($347,586 Avg. Active List Price)
– $194.21 Average Price Per Square Feet
– 54 Average Days on Market Before Contract
– 98% is List to Sales Price
Average sized home for the Solds are:
– 3 Bedroom
– 2 Bathrooms
– 1,912 Heated Square Feet
Largest sale for the week:
– 6 Bedrooms
– 7 Bathrooms
– 6,258 Heated Square Feet
– $1,845,000 Sales Price
– $2,399,000 List Price
– 77% List to Sale Percentage
– 97 Days on Market
– $294.82 Price Per Square Foot
– Located in 33803 and located in Heritage Lakes +
– Buyer used Cash to purchase the home
– The seller and buyer were both represented by the same agent
Smallest sale for the week:
– 3 Bedrooms
– 1 Bathrooms
– 1,034 Heated Square Feet
– $125,500 Sales Price
– $125,000 List Price
– 100% List to Sale Percentage
– 52 Days on Market
– $121.37 Price Per Square Foot
– Buyer used Private Financing to purchase the home
– This home is located in 33811 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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