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

🏑 Homes currently for sale in Lakeland:

➑️ 1,096– Last week we had 1,095 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 156 of those homes have their own private pool, or 14% of active homes for sale.

πŸ”¨ 130 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. 🌟 226 homes were built in 2020 or newer, which is 21%.

πŸ“ˆ Polk County’s new construction is in high demand!
🏠 1,251 of the 6,236 active homes (20%) are new builds, and 2,262(36%) were built in 2020 or newer.

πŸ“‹ Weekly Highlights:

πŸ“Œ 81 New Listings — Down from 91 last week!
πŸ“ 64 New Contracts –Up from 62 last week.
βœ… 47 Sold/Closed Homes — Up from 43 last week.

πŸ’΅ Market Numbers:

$384,744 Average Sold Price πŸ’°
$390,257 Average List Price ($391,804 Avg. Act. List Price) 🏷️
$196.22 Average Price Per Square Foot πŸ“
59 Average Days on Market Before Contract ⏳
99% List-to-Sales Price πŸ”₯

🏠 Average sized home for the Sold properties:

πŸ›οΈ 3 Bedrooms
πŸ› 2 Bathrooms
πŸ“ 1,939 Heated Square Feet

✨ Largest Sale for the Week:

πŸ›οΈ 3 Bedrooms
πŸ› 2 Bathrooms
πŸ“ 2,522 Heated Square Feet
πŸ’° $866,000 Sales Price
🏷️ $875,000 List Price
πŸ”’ 99% List-to-Sale Percentage
⏳ 111 Days on Market
πŸ“ $343.38 Price Per Square Foot
πŸ“ Located in 33810 off Selph Rd
πŸ’΅ Buyer used Cash to purchase the home.
**The seller provided a buyer credit of $52,500

🏑 Smallest Sale for the Week:

πŸ›οΈ 3 Bedrooms
πŸ› 1 Bathroom
πŸ“ 1,080 Heated Square Feet
πŸ’° $111,000 Sales Price
🏷️ $119,900 List Price
πŸ”’ 93% List-to-Sale Percentage
⏳ 12 Days on Market
πŸ“ $102.78 Price Per Square Foot
πŸ’΅ Buyer used Cash to purchase the home.
πŸ“ Located in 33805 in Hillside Manor 🏘️

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!

#wearelakeland #lakelandhometownproperties #lakelandrealestate #iwanttobeyourrealtor