$8,301 Closing Credit*
$699,000
2,456 SqFt
3 Beds
•2 Full Baths
#73313887, John Willette, Listing Office: Smith and Oak Real Estate Co.
Is Lakeville, MA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 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
$582,500
$339/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$63,000(+12.1%)
Key Takeaway
Homes in Lakeville have sold for 12.1% more than they did a year ago.
Summary: The median home sold price in Lakeville was $582,500 in October 2024, up 12.1% from last year, and the median price per square foot was $339.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $325K | $300K | -7.7% |
| 2 Bedrooms | $410K | $500.2K | +22.0% |
| 3 Bedrooms | $499.4K | $650K | +30.1% |
| 4 Bedrooms | $650K | $714.9K | +10.0% |
| 5+ Bedrooms | $750K | $960K | +28.0% |
Summary: Lakeville housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 7.7%, 2 bedroom homes increased by 22%, 3 bedroom homes increased by 30.1%, 4 bedroom homes increased by 10%, and 5+ bedroom homes increased by 28%.
Median Sold Price Compared To Nearby Cities
| Lakeville | $519.5K | $582.5K | +12.1% |
| Middleboro | $490K | $524.9K | +7.1% |
| Middleborough | $490K | $524.9K | +7.1% |
| East Taunton | $461K | $484K | +5.0% |
| Taunton | $454.8K | $475K | +4.4% |
Housing Supply in Lakeville, MA
How many homes are available in Lakeville, MA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 48 | 48 | 0.0% |
Summary: The Lakeville real estate market had 48 homes for sale in October 2024, the same as September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 18 | 17 | -5.6% |
| 3 Bedrooms | 16 | 18 | +12.5% |
| 4 Bedrooms | 9 | 8 | -11.1% |
| 5+ Bedrooms | 4 | 4 | 0.0% |
Summary: The Lakeville housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 5.6%, 3 bedroom homes increased by 12.5%, 4 bedroom homes decreased by 11.1%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 10 | 11 | +10.0% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
0 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. 63.6% of homes here sold below asking price last month.
Summary: A total of 11 homes were sold or pending in Lakeville in October 2024, up by 10.0% month-over-month. Of the 11 sold homes, 64% were sold under asking, 0% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 44 Days | 27 Days | -38.7% |
Summary: Homes in Lakeville had an average of 27 days on market in Oct 2024, down by 38.7% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Lakeville are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 11 homes were sold in Lakeville; 55% of homes were sold within 30 days, 45% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
