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Your Lakeland Weekly Market Stats for October 14th to October 20th, 2024

Your Lakeland Weekly Market Stats for October 14th to October 20th, 2024

by | Oct 21, 2024 |

Here are your weekly stats for activity in Lakeland!
Homes currently for sale in Lakeland:
1,045–Last week we had 1,024 homes for sale. Inventory is staying steady currently. We will see if it stays that way or if demand will bring that down. 158 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. 161 homes were built in 2020 or newer which is 15%. Polk County’s new construction is in high demand and 1,598 of the 6,113 active homes(26%) are new builds and 2,349(38%) were built in 2020 are newer.
– 59 New Listings– Up from 22 last week!
– 38 New Contracts– Up from 24 last week!
– 35 Sold/Closed Homes– Up from 15 last week!
– $343,038 Average Sold Price
– $353,485 Average List Price($347,586 Avg. Active List Price)
– $191.77 Average Price Per Square Feet
– 41 Average Days on Market Before Contract
– 97% is List to Sales Price
Average sized home for the Solds are:
– 3 Bedroom
– 2 Bathrooms
– 1,785 Heated Square Feet
Largest sale for the week:
– 6 Bedrooms
– 4 Bathrooms
– 4,174 Heated Square Feet
– $940,000 Sales Price
– $975,000 List Price
– 96% List to Sale Percentage
– 7 Days on Market
– $225.20 Price Per Square Foot
– Located in 33813 and located in Crescent Lake
– Buyer used Conventional to purchase the home
– The seller credited the buyer $5,000 for buyer closing cost
Smallest sale for the week:
– 2 Bedrooms
– 2 Bathrooms
– 1,056 Heated Square Feet
– $78,000 Sales Price
– $90,000 List Price
– 87% List to Sale Percentage
– 0 Days on Market
– $73.86 Price Per Square Foot
– Buyer used Cash to purchase the home
– This home is located in 33810 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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