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

🏑 Homes currently for sale in Lakeland:

➑️ 1,095– Last week we had 1,058 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 148 of those homes have their own private pool, or 14% of active homes for sale.

πŸ”¨ 160 Active homes are new construction πŸ—οΈ, making up 15% 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. 🌟 264 homes were built in 2020 or newer, which is 24%.

πŸ“ˆ Polk County’s new construction is in high demand!
🏠 1,204 of the 5,891 active homes (20%) are new builds, and 2,193(37%) were built in 2020 or newer.

πŸ“‹ Weekly Highlights:

πŸ“Œ 85 New Listings — Up from 80 last week!
πŸ“ 74 New Contracts –Up from 63 last week.
βœ… 47 Sold/Closed Homes — Up from 42 last week.

πŸ’΅ Market Numbers:

$345,208 Average Sold Price(Median: $283,500) πŸ’°
$357,125 Average List Price ($411,818 Avg. Act. List Price) 🏷️
$185.14 Average Price Per Square Foot πŸ“
86 Average Days on Market Before Contract ⏳
97% List-to-Sales Price πŸ”₯

🏠 Average sized home for the Sold properties:

πŸ›οΈ 3 Bedrooms
πŸ› 2 Bathrooms
πŸ“ 1,814 Heated Square Feet

✨ Largest Sale for the Week:

πŸ›οΈ 5 Bedrooms
πŸ› 5.5 Bathrooms
πŸ“ 6,121 Heated Square Feet
πŸ’° $1,425,000 Sales Price
🏷️ $1,499,900 List Price
πŸ”’ 95% List-to-Sale Percentage
⏳ 241 Days on Market
πŸ“ $232.81 Price Per Square Foot
πŸ“ Located in 33803 in Hollingsworth Creek
πŸ’΅ Buyer used Cash to purchase the home

🏑 Smallest Sale for the Week:

πŸ›οΈ 2 Bedrooms
πŸ› 2 Bathroom
πŸ“ 928 Heated Square Feet
πŸ’° $72,000 Sales Price
🏷️ $80,000 List Price
πŸ”’ 90% List-to-Sale Percentage
⏳ 38 Days on Market
πŸ“ $77.59 Price Per Square Foot
πŸ’΅ Buyer used Cash to purchase the home.
πŸ“ Located in 33805 in Lakeside Village 🏘️

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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