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Your Lakeland Weekly Market Stats for June 17th to June 23rd, 2024

Your Lakeland Weekly Market Stats for June 17th to June 23rd, 2024

Here are your weekly stats for activity in Lakeland!
Homes currently for sale in Lakeland:
871–Last week we had 838 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 16% of active homes for sale.
***72 of the 871 Active homes are new construction. That makes up 8% 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. 142 homes were built in 2020 or newer which is 16%. Polk County’s new construction is exploding and 1,439 of the 5,333 active homes(27%) are new builds and 2,121(40%) were built in 2020 are newer.
– 95 New Listings– UP from 68 last week!
– 68 New Contracts– Down from 72 last week!
– 71 Sold/Closed Homes– Down from 74 last week!
– $308,910 Average Sold Price
– $316,358 Average List Price($385,192 Avg. Active List Price)
– $182.63 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
– 1,706 Heated Square Feet
Largest sale for the week:
– 4 Bedrooms
– 4 Bathrooms
– 3,874 Heated Square Feet
– $1,025,000 Sales Price
– $1,100,000 List Price
– 93% List to Sale Percentage
– 6 Days on Market
– $264.58 Price Per Square Foot
– Located in 33803 in Heritage Lakes Community
– Buyer used Cash to purchase the home
Smallest sale for the week:
– 3 Bedrooms
– 1 Bathrooms
– 1,161 Heated Square Feet
– $74,000 Sales Price
– $79,995 List Price
– 93% List to Sale Percentage
– 39 Days on Market
– $63.74 Price Per Square Foot
– Buyer used Cash to purchase the home
– This home is located in 33801 and is a single family 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!