Is Lakeland, FL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Lakeland is a seller's market

Buyer's
Market

Difference Since August 2021

Since last year, Lakeland has remained a Seller's Market.

Key Takeaway

Lakeland is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

How much do homes in Lakeland, FL cost?

Median Sold Price

$285,186

$180/sqft

Based on all homes sold in the last 12 months.

Difference Since August 2021

+$50,356(+21.4%)

Key Takeaway

Homes in Lakeland have sold for 21.4% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSAug 2021Aug 2022%
1 $105.5K$110.5K
+4.7%
2 $170K$211.6K
+24.5%
3 $232.5K$285K
+22.6%
4 $300K$366.4K
+22.2%
5+ $362.1K$450K
+24.3%

Median Sold Price Compared To Nearby Cities

Polk City
+28.5%
Lakeland
+21.4%
Plant City
+21.0%

How many homes are available in Lakeland, FL?

Number of Homes For Sale

Jul 2022Aug 2022%
456468+2.6%

Homes For Sale By Bedroom Count

# BEDSJul 2022Aug 2022%
1 34
+33.3%
2 103115
+11.7%
3 215214
-0.5%
4 92100
+8.7%
5+ 4335
-18.6%

Number of Homes Sold

Jul 2022Aug 2022%
120122+1.7%

Asking Price vs. Sold Price

51 Homes Were Sold
Under Asking

38 Homes Were Sold
At Asking

33 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Lakeland, you may be able to get a good deal. 41.8% of homes here sold below asking price last month.

Average Sale Time

Aug 2021Aug 2022%
16 Days17 Days+0.8%

Breakdown of Home Sale Times

102 Homes Were Sold
Under 30 Days

19 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Lakeland are selling fast, if you're buying plan to act quickly.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

About Lakeland, FL

Number of homes for sale in Lakeland, FL real estate market have reached 468. The inventory of homes for sale in Lakeland, FL between July 2022 and August 2022 increased by 2.6%. In August 2022, listings were on the market for 17 days. During the same period, the median list price in this real estate market was $285,186. Real estate listing prices changed between July 2022 and August 2022: prices of 1 bedroom properties increased by 4.7%, 2 bedrooms properties prices increased by 24.5%, prices of 3 bedrooms properties went up by 22.6%, 4 bedrooms properties prices increased by 22.2%, prices of 5 bedrooms properties increased by 24.3%. This housing market inventory have changed: 1 bedroom homes became 33.3% more available, volume of 2 bedrooms homes went up by 11.7%, the quantity of 3 bedrooms homes went down by 0.5%, the quantity of 4 bedrooms homes went up by 8.7%, volume of 5 bedrooms homes went down by 18.6%. Lakeland, FL housing market in August 2022 saw over 33 listings sold above listed price, more than 38 sold at listed price and over 51 sold below.

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