Here are your weekly stats for activity in Lakeland! πŸ“Šβœ¨

🏑 Homes currently for sale in Lakeland:

➑️ 1,095– Last week we had 1,052 homes for sale. Inventory is staying steady currently. We will see if it stays that way or if demand will bring that down. πŸŠβ€β™€οΈ 159 of those homes have their own private pool, or 15% of active homes for sale.

πŸ”¨ 133 Active homes are new construction πŸ—οΈ, making up 12% 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. 🌟 232 homes were built in 2020 or newer, which is 21%.

πŸ“ˆ Polk County’s new construction is in high demand!

🏠 1,246 of the 6,182 active homes (20%) are new builds, and 2,271(37%) were built in 2020 or newer.

πŸ“‹ Weekly Highlights:

πŸ“Œ 91 New Listings — Up from 83 last week!
πŸ“ 62 New Contracts –Down from 74 last week.
βœ… 43 Sold/Closed Homes — Down from 75 last week.

πŸ’΅ Market Numbers:

$313,889 Average Sold Price πŸ’°
$319,270 Average List Price ($354,903 Avg. Act. List Price) 🏷️
$179.18 Average Price Per Square Foot πŸ“
68 Average Days on Market Before Contract ⏳
98% List-to-Sales Price πŸ”₯

🏠 Average sized home for the Sold properties:

πŸ›οΈ 3 Bedrooms
πŸ› 2 Bathrooms
πŸ“ 1,747 Heated Square Feet

✨ Largest Sale for the Week:

πŸ›οΈ 4 Bedrooms
πŸ› 5.5 Bathrooms
πŸ“ 4,968 Heated Square Feet
πŸ’° $789,500 Sales Price
🏷️ $869,000 List Price
πŸ”’ 91% List-to-Sale Percentage
⏳ 17 Days on Market
πŸ“ $158.92 Price Per Square Foot
πŸ“ Located in 33813 in Christina Woods Subdivision
πŸ’΅ Buyer used Cash to purchase the home.
**The listing agent also represented the buyer

🏑 Smallest Sale for the Week:

πŸ›οΈ 2 Bedrooms
πŸ› 1 Bathroom
πŸ“ 648 Heated Square Feet
πŸ’° $54,000 Sales Price
🏷️ $60,000 List Price
πŸ”’ 90% List-to-Sale Percentage
⏳ 38 Days on Market
πŸ“ $83.33 Price Per Square Foot
πŸ’΅ Buyer used Cash to purchase the home.
πŸ“ Located in 33801 off Country Club Lane 🏘️

πŸ™ Thanks for taking the time to check out these stats!
If you’d like to chat about trends, how the market compares to previous years, or explore how we can help you, let’s connect! πŸ’¬

πŸ“ž Reach out today to set up a time to get together! 🏑 Real estate is our passion!

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