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Your Lakeland Weekly Market Stats for May 06th to May 12th, 2024

Your Lakeland Weekly Market Stats for May 06th to May 12th, 2024

by | May 13, 2024 |

Here are your weekly stats for activity in Lakeland!
Homes currently for sale in Lakeland:
805–Last week we had 790 homes for sale. Inventory is staying pretty stable in that range. We will see if it stays with that trend or if we will get more listings. 121 of those homes have their own private pool or 15% of active homes for sale.
***62 of the 805 Active homes are new construction. That makes up 8% 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. 119 homes were built in 2020 or newer which is 15%. Polk County’s new construction is exploding and 1,306 of the 4,977 active homes(26%) are new builds and 1,903(38%) were built in 2020 are newer.
– 95 New Listings– Up from 91 last week!
– 87 New Contracts– Down from 98 last week!
– 62 Sold/Closed Homes– Down from 72 last week!
– $345,745 Average Sold Price
– $353,325 Average List Price($368,785 Avg. Active List Price)
– $188.73 Average Price Per Square Feet
– 55 Average Days on Market Before Contract
– 98% is List to Sales Price
Average sized home for the Solds are:
– 3 Bedroom
– 2 Bathrooms
– 1,872 Heated Square Feet
Largest sale for the week:
– 5 Bedrooms
– 2.5 Bathrooms
– 4,105 Heated Square Feet
– $1,175,000 Sales Price
– $1,005,000 List Price
– 86% List to Sale Percentage
– 48 Days on Market
– $244.82 Price Per Square Foot
– Located in 33813 off Rolling Woods Ln
– Buyer used conventional financing to purchase the home
– Seller gave the buyer a $6,000 credit for closing costs
Smallest sale for the week:
– 2 Bedrooms
– 1 Bathrooms
– 672 Heated Square Feet
– $67,000 Sales Price
– $70,000 List Price
– 96% List to Sale Percentage
– 36 Days on Market
– $99.70 Price Per Square Foot
– Buyer Used Cash to Purchase Home
– This home is located in 33815 and is a mobile home
Thanks for taking the time to check out these stats. If you would like to speak to us about these, how they are trending this year compared to other years or want to speak about how we can help you, we would love to connect! Reach out today and lets set up a time to get together! Real estate is our passion!
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