Is Lakeville, MA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Lakeville has remained a Seller's Market.
Key Takeaway
Lakeville is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Lakeville, MA
How much do homes in Lakeville, MA cost?
Median Sold Price
$549,924
$336/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Lakeville have sold for 7.9% more than they did a year ago.
Summary: The median home sold price in Lakeville was $549,924 in March 2024, up 7.9% from last year, and the median price per square foot was $336.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $300K | N/A |
| 2 Bedrooms | $432.5K | $497K | +14.9% |
| 3 Bedrooms | $500K | $597.5K | +19.5% |
| 4 Bedrooms | $595K | $691.2K | +16.2% |
| 5+ Bedrooms | $750K | $1.0M | +38.7% |
Summary: Lakeville housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 14.9%, 3 bedroom homes increased by 19.5%, 4 bedroom homes increased by 16.2%, and 5+ bedroom homes increased by 38.7%.
Median Sold Price Compared To Nearby Cities
| Middleboro | $478K | $525K | +9.8% |
| Middleborough | $478K | $525K | +9.8% |
| Lakeville | $509.5K | $549.9K | +7.9% |
| East Taunton | $445K | $475K | +6.7% |
| Taunton | $450K | $465K | +3.3% |
Housing Supply in Lakeville, MA
How many homes are available in Lakeville, MA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 41 | 41 | 0.0% |
Summary: The Lakeville real estate market had 41 homes for sale in March 2024, the same as February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 1 | +100.0% |
| 2 Bedrooms | 23 | 23 | 0.0% |
| 3 Bedrooms | 11 | 11 | 0.0% |
| 4 Bedrooms | 7 | 5 | -28.6% |
| 5+ Bedrooms | 0 | 1 | +100.0% |
Summary: The Lakeville housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes remained the same, 3 bedroom homes remained the same, 4 bedroom homes decreased by 28.6%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 9 | 11 | +22.2% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Lakeville, you may be able to get a good deal. 36.4% of homes here sold below asking price last month.
Summary: A total of 11 homes were sold or pending in Lakeville in March 2024, up by 22.2% month-over-month. Of the 11 sold homes, 36% were sold under asking, 27% were sold at asking, and 36% were sold over asking.
Days on Market for Lakeville, MA
How long does it take to sell a home in Lakeville, MA?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 68 Days | 33 Days | -50.4% |
Summary: Homes in Lakeville had an average of 33 days on market in Mar 2024, down by 50.4% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Lakeville are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 11 homes were sold in Lakeville; 55% of homes were sold within 30 days, 36% of homes were sold within 30 to 90 days, and 9% of homes were sold over 90 days.
