$3,669 Closing Credit*
$309,000
1,967 SqFt
4 Beds
•3 Full Baths
Ismenia Cam, Listing Office: GOLDEN KEY HOMES REALTY INC
Is Lakeland, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since September 2023
At the same time last year, Lakeland was a Seller's Market.
Key Takeaway
Lakeland is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Lakeland, FL
How much do homes in Lakeland, FL cost?
Median Sold Price
$315,480
$194/sqft
Based on all homes sold in the last 12 months.
Difference Since September 2023
+$1,605(+0.5%)
Key Takeaway
Homes in Lakeland have sold for 0.5% more than they did a year ago.
Summary: The median home sold price in Lakeland was $315,480 in September 2024, up 0.5% from last year, and the median price per square foot was $194.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $128.7K | $124.4K | -3.3% |
| 2 Bedrooms | $221.5K | $219.9K | -0.7% |
| 3 Bedrooms | $299.9K | $304.7K | +1.6% |
| 4 Bedrooms | $390.7K | $384.6K | -1.6% |
| 5+ Bedrooms | $430K | $485K | +12.8% |
Summary: Lakeland housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 3.3%, 2 bedroom homes decreased by 0.7%, 3 bedroom homes increased by 1.6%, 4 bedroom homes decreased by 1.6%, and 5+ bedroom homes increased by 12.8%.
Median Sold Price Compared To Nearby Cities
| Plant City | $340K | $356.8K | +5.0% |
| Lakeland | $313.8K | $315.4K | 0.5% |
| Polk City | $325.5K | $325K | -0.2% |
Housing Supply in Lakeland, FL
How many homes are available in Lakeland, FL?
Number of Homes For Sale
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 1,321 | 1,314 | -0.5% |
Summary: The Lakeland real estate market had 1,314 homes for sale in September 2024, a 0.5% decrease compared to August 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 9 | 10 | +11.1% |
| 2 Bedrooms | 211 | 216 | +2.4% |
| 3 Bedrooms | 621 | 650 | +4.7% |
| 4 Bedrooms | 391 | 351 | -10.2% |
| 5+ Bedrooms | 89 | 87 | -2.2% |
Summary: The Lakeland housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 11.1%, 2 bedroom homes increased by 2.4%, 3 bedroom homes increased by 4.7%, 4 bedroom homes decreased by 10.2%, and 5+ bedroom homes decreased by 2.2%.
Number of Homes Sold
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 244 | 191 | -21.7% |
Asking Price vs. Sold Price
106 Homes Were Sold
Under Asking
61 Homes Were Sold
At Asking
24 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Lakeland, you may be able to get a good deal. 55.5% of homes here sold below asking price last month.
Summary: A total of 191 homes were sold or pending in Lakeland in September 2024, down by 21.7% month-over-month. Of the 191 sold homes, 55% were sold under asking, 32% were sold at asking, and 13% were sold over asking.
Days on Market for Lakeland, FL
How long does it take to sell a home in Lakeland, FL?
Average Sale Time
| Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|
| 30 Days | 52 Days | +68.7% |
Summary: Homes in Lakeland had an average of 52 days on market in Sep 2024, up by 68.7% compared to last year.
Breakdown of Home Sale Times
98 Homes Were Sold
Under 30 Days
55 Homes Were Sold
In 30 - 90 Days
38 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Lakeland are selling fast, if you're buying plan to act quickly.
Summary: During September 2024, 191 homes were sold in Lakeland; 51% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.
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Copyright © 2024 Multiple Listing Service of South Brevard, Inc. and Space Coast Association of REALTORS, Inc. All rights reserved. The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity™ Program of Space Coast Multiple Listing Service. IDX information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information Deemed Reliable But Not Guaranteed. Real estate listings held by brokerage firms other this broker are marked with the Broker Reciprocity™ logo or the Broker Reciprocity™ thumbnail logo (a little black house) and detailed information about them includes the name of the listing brokers. Some properties which appear for sale on this web site may subsequently have sold and may no longer be available.