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Here are your weekly stats for activity in Lakeland!

Homes currently for sale in Lakeland:

1,075–Last week we had 1,073 homes for sale. Inventory is staying steady currently. We will see if it stays that way or if demand will bring that down. 155 of those homes have their own private pool or 14% of active homes for sale.

***87 of the 1,075 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. 181 homes were built in 2020 or newer which is 17%. Polk County’s new construction is in high demand and 1,515 of the 6,111 active homes(25%) are new builds and 2,320(38%) were built in 2020 are newer.

– 58 New Listings– Up from 47 last week!
– 48 New Contracts– Down from 50 last week!
– 45 Sold/Closed Homes– Up from 44 last week!
– $347,487 Average Sold Price
– $360,078 Average List Price($354,115 Avg. Active List Price)
– $199.45 Average Price Per Square Feet
– 54 Average Days on Market Before Contract
– 97% is List to Sales Price

Average sized home for the Solds are:

– 3 Bedroom
– 2 Bathrooms
– 1,702 Heated Square Feet

Largest sale for the week:

– 5 Bedrooms
– 3 Bathrooms
– 3,838 Heated Square Feet
– $1,000,000 Sales Price
– $1,200,000 List Price
– 83% List to Sale Percentage
– 78 Days on Market
– $260.55 Price Per Square Foot
– Located in 33810 and located in Saddle Ridge on over 8 acres
– Buyer used Cash to purchase the home

Smallest sale for the week:

– 3 Bedrooms
– 2 Bathrooms
– 820 Heated Square Feet
– $115,000 Sales Price
– $150,000 List Price
– 77% List to Sale Percentage
– 23 Days on Market
– $140.24 Price Per Square Foot
– Buyer used cash to purchase the home
– This home is located in 33805 and is a single family home
– The listing agent also helped the buyer on the purchase

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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