Here are your weekly stats for activity in Lakeland! πβ¨
π‘ Homes currently for sale in Lakeland:
β‘οΈ 1,180– Last week we had 1,159 homes for sale. Inventory is staying steady currently. We will see if it stays that way or if demand will bring that down. πββοΈ 157 of those homes have their own private pool, or 13% of active homes for sale.
π¨ 143 Active homes are new construction ποΈ, 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. π 243 homes were built in 2020 or newer, which is 21%.
π Polk County’s new construction is in high demand!
π 1,218 of the 6,604 active homes (18%) are new builds, and 2,302(35%) were built in 2020 or newer.
π Weekly Highlights:
π 82 New Listings — Down from 95 last week!
π 69 New Contracts –Down from 73 last week.
β
50 Sold/Closed Homes — Down from 51 last week.
π΅ Market Numbers:
$373,479 Average Sold Price π°
$386,057 Average List Price ($392,104 Avg. Act. List Price) π·οΈ
$195.23 Average Price Per Square Foot π
71 Average Days on Market Before Contract β³
97% List-to-Sales Price π₯
π Average sized home for the Sold properties:
ποΈ 3 Bedrooms
π 2 Bathrooms
π 1,926 Heated Square Feet
β¨ Largest Sale for the Week:
ποΈ 5 Bedrooms
π 3/2 Bathrooms
π 4,407 Heated Square Feet
π° $1,055,000 Sales Price
π·οΈ $1,099,900 List Price
π’ 96% List-to-Sale Percentage
β³ 27 Days on Market
π $239.39 Price Per Square Foot
π Located in 33813 in Ashley
π΅ Buyer used Conventional Financing to purchase the home.
π‘ Smallest Sale for the Week:
ποΈ 1 Bedrooms
π 1 Bathroom
π 672 Heated Square Feet
π° $83,000 Sales Price
π·οΈ $92,900 List Price
π’ 89% List-to-Sale Percentage
β³ 26 Days on Market
π $123.51 Price Per Square Foot
π΅ Buyer used Private Funding to purchase the home.
π Located in 33801 off Maine Ave ποΈ
π Thanks for taking the time to check out these stats!
If youβd like to chat about trends, how the market compares to previous years, or explore how we can help you, letβs connect! π¬
π Reach out today to set up a time to get together! π‘ Real estate is our passion!
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