$8,776 Closing Credit*
$739,000
2,198 SqFt
3 Beds
•2 Full Baths, 1 Partial
Brad Butler, Listing Office: MINT Residential Services
Is Lakeland Village, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, Lakeland Village was a Seller's Market.
Key Takeaway
Lakeland Village 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 Village, CA
How much do homes in Lakeland Village, CA cost?
Median Sold Price
$519,500
$365/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$69,500(+15.4%)
Key Takeaway
Homes in Lakeland Village have sold for 15.4% more than they did a year ago.
Summary: The median home sold price in Lakeland Village was $519,500 in October 2024, up 15.4% from last year, and the median price per square foot was $365.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $350K | $300K | -14.3% |
| 2 Bedrooms | $362.5K | $420K | +15.9% |
| 3 Bedrooms | $450K | $525K | +16.7% |
| 4 Bedrooms | $529.5K | $572.5K | +8.1% |
| 5+ Bedrooms | $592.5K | $615K | +3.8% |
Summary: Lakeland Village housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 14.3%, 2 bedroom homes increased by 15.9%, 3 bedroom homes increased by 16.7%, 4 bedroom homes increased by 8.1%, and 5+ bedroom homes increased by 3.8%.
Median Sold Price Compared To Nearby Neighborhoods
| Lake View Sphere | $485K | $600K | +23.7% |
| Lakeland Village | $450K | $519.5K | +15.4% |
| East Lake District | $570K | $580K | +1.8% |
Housing Supply in Lakeland Village, CA
How many homes are available in Lakeland Village, CA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 39 | 42 | +7.7% |
Summary: The Lakeland Village real estate market had 42 homes for sale in October 2024, a 7.7% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 1 | -50.0% |
| 2 Bedrooms | 8 | 12 | +50.0% |
| 3 Bedrooms | 18 | 18 | 0.0% |
| 4 Bedrooms | 8 | 7 | -12.5% |
| 5+ Bedrooms | 3 | 4 | +33.3% |
Summary: The Lakeland Village housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes increased by 50%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 12.5%, and 5+ bedroom homes increased by 33.3%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 6 | 7 | +16.7% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
2 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Lakeland Village, you could pay more than the asking price. 57.1% of homes here sold above asking price last month.
Summary: A total of 7 homes were sold or pending in Lakeland Village in October 2024, up by 16.7% month-over-month. Of the 7 sold homes, 14% were sold under asking, 29% were sold at asking, and 57% were sold over asking.
Days on Market for Lakeland Village, CA
How long does it take to sell a home in Lakeland Village, CA?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 25 Days | 26 Days | +4.6% |
Summary: Homes in Lakeland Village had an average of 26 days on market in Oct 2024, up by 4.6% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Lakeland Village has remained consistent over time.
Summary: During October 2024, 7 homes were sold in Lakeland Village; 43% of homes were sold within 30 days, 57% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.