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Your Lakeland Weekly Market Stats for August 05th to August 11th, 2024

Your Lakeland Weekly Market Stats for August 05th to August 11th, 2024

by | Aug 12, 2024 |

Here are your weekly stats for activity in Lakeland!
Homes currently for sale in Lakeland:
919–Last week we had 926 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. 149 of those homes have their own private pool or 16% of active homes for sale.
***64 of the 919 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. 136 homes were built in 2020 or newer which is 15%. Polk County’s new construction is in high demand and 1,528 of the 5,703 active homes(27%) are new builds and 2,225(39%) were built in 2020 are newer.
– 65 New Listings– Down from 93 last week!
– 66 New Contracts– Down from 68 last week!
– 44 Sold/Closed Homes– Down from 79 last week!
– $355,453 Average Sold Price
– $364,207 Average List Price($362,294 Avg. Active List Price)
– $189.02 Average Price Per Square Feet
– 38 Average Days on Market Before Contract
– 98% is List to Sales Price
Average sized home for the Solds are:
– 3 Bedroom
– 2 Bathrooms
– 1,822 Heated Square Feet
Largest sale for the week:
– 4 Bedrooms
– 2.5 Bathrooms
– 3,413 Heated Square Feet
– $901,000 Sales Price
– $937,000 List Price
– 96% List to Sale Percentage
– 10 Days on Market
– $263.99 Price Per Square Foot
– Located in 33803 and located in Waterford Subdivision
– Buyer used Conventional Financing to purchase the home with $2,500 in seller concessions
Smallest sale for the week:
– 2 Bedrooms
– 2 Bathrooms
– 960 Heated Square Feet
– $95,000 Sales Price
– $99,900 List Price
– 95% List to Sale Percentage
– 52 Days on Market
– $98.96 Price Per Square Foot
– Buyer used Cash to purchase the home
– This home is located in 33809 and is an older manufactured 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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