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

🏑 Homes currently for sale in Lakeland:

➑️ 1,055– Last week we had 1,042 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 149 of those homes have their own private pool, or 14% of active homes for sale.

πŸ”¨ 180 Active homes are new construction πŸ—οΈ, making up 17% 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. 🌟 280 homes were built in 2020 or newer, which is 27%.

πŸ“ˆ Polk County’s new construction is in high demand!
🏠 1,180 of the 5,812 active homes (20%) are new builds, and 2,243(39%) were built in 2020 or newer.

πŸ“‹ Weekly Highlights:

πŸ“Œ 81 New Listings — Up from 52 last week!
πŸ“ 82 New Contracts — Up from 76 last week.
βœ… 49 Sold/Closed Homes — Down from 87 last week.

πŸ’΅ Market Numbers:

$364,923 Average Sold Price(Median: $306,260) πŸ’°
$371,203 Average List Price ($408,688 Avg. Act. List Price) 🏷️
$192.52 Average Price Per Square Foot πŸ“
63 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“ 1,841 Heated Square Feet

✨ Largest Sale for the Week:

πŸ›οΈ 5 Bedrooms
πŸ› 4.5 Bathrooms
πŸ“ 3,801 Heated Square Feet
πŸ’° $1,400,000 Sales Price
🏷️ $1,400,000 List Price
πŸ”’ 100% List-to-Sale Percentage
⏳ 0 Days on Market
πŸ“ $368.32 Price Per Square Foot
πŸ“ Located in 33810 off Ithepackesassa
πŸ’΅ Buyer used Conventional Financing to purchase the home

🏑 Smallest Sale for the Week:

πŸ›οΈ 2 Bedrooms
πŸ› 1.5 Bathroom
πŸ“ 1,220 Heated Square Feet
πŸ’° $49,900 Sales Price
🏷️ $49,900 List Price
πŸ”’ 100% List-to-Sale Percentage
⏳ 34 Days on Market
πŸ“ $40.90 Price Per Square Foot
πŸ’΅ Buyer used Cash to purchase the home.
πŸ“ Located in 33801 off Skyview 🏘️

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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