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Your Lakeland Weekly Market Stats for June 10th to June 16th, 2024

Your Lakeland Weekly Market Stats for June 10th to June 16th, 2024

Here are your weekly stats for activity in Lakeland!
Homes currently for sale in Lakeland:
838–Last week we had 827 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. 133 of those homes have their own private pool or 16% of active homes for sale.
***74 of the 838 Active homes are new construction. That makes up 9% 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. 135 homes were built in 2020 or newer which is 16%. Polk County’s new construction is exploding and 1,442 of the 5,291 active homes(27%) are new builds and 2,109(40%) were built in 2020 are newer.
– 68 New Listings– Down from 79 last week!
– 72 New Contracts– Down from 89 last week!
– 74 Sold/Closed Homes– Down from 92 last week!
– $347,511 Average Sold Price
– $356,965 Average List Price($381,663 Avg. Active List Price)
– $190.85 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
– 1,823 Heated Square Feet
Largest sale for the week:
– 4 Bedrooms
– 3.5 Bathrooms
– 2,929 Heated Square Feet
– $693,000 Sales Price
– $739,000 List Price
– 94% List to Sale Percentage
– 113 Days on Market
– $236.60 Price Per Square Foot
– Located in 33803 in Prestwick Community
– Buyer used Conventional Financing to purchase the home
Smallest sale for the week:
– 1 Bedrooms
– 1 Bathrooms
– 672 Heated Square Feet
– $50,000 Sales Price
– $49,900 List Price
– 100% List to Sale Percentage
– 5 Days on Market
– $74.40 Price Per Square Foot
– Buyer used Cash to purchase the home
– This home is located in 33801 and is a mobile 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!