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Your Lakeland Weekly Market Stats for July 22nd to July 28th, 2024

Your Lakeland Weekly Market Stats for July 22nd to July 28th, 2024

by | Jul 29, 2024 |

Here are your weekly stats for activity in Lakeland!
Homes currently for sale in Lakeland:
926–Last week we had 921 homes for sale. Inventory has RISEN a little bit lately. We will see if it stays with that trend or if demand will bring that down. 137 of those homes have their own private pool or 15% of active homes for sale.
***62 of the 926 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. 140 homes were built in 2020 or newer which is 15%. Polk County’s new construction is in high demand and 1,493 of the 5,720 active homes(26%) are new builds and 2,185(38%) were built in 2020 are newer.
– 85 New Listings– Down from 96 last week!
– 80 New Contracts– Down from 81 last week!
– 69 Sold/Closed Homes– Down from 62 last week!
– $345,106 Average Sold Price
– $351,308 Average List Price($373,514 Avg. Active List Price)
– $194.34 Average Price Per Square Feet
– 53 Average Days on Market Before Contract
– 98% is List to Sales Price
Average sized home for the Solds are:
– 3 Bedroom
– 2 Bathrooms
– 1,761 Heated Square Feet
Largest sale for the week:
– 6 Bedrooms
– 4.5 Bathrooms
– 3,850 Heated Square Feet
– $1,300,000 Sales Price
– $1,350,000 List Price
– 96% List to Sale Percentage
– 72 Days on Market
– $337.66 Price Per Square Foot
– Located in 33812 and located in Delphi Subdivision
– Buyer used Private Funds to purchase the home
Smallest sale for the week:
– 1 Bedrooms
– 1 Bathrooms
– 486 Heated Square Feet
– $58,500 Sales Price
– $69,900 List Price
– 84% List to Sale Percentage
– 74 Days on Market
– $120.37 Price Per Square Foot
– Buyer used Cash to purchase the home
– This home is located in 33801 and is a fixer upper
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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