$5,403 Closing Credit*
$455,000
4 Beds
•3 Full Baths, 1 Partial
Listing Office: REMAX Experts
Is Lakeland, TN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Since last month, 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.
Housing Prices in Lakeland, TN
How much do homes in Lakeland, TN cost?
Median Sold Price
$456,000
-
Based on all homes sold in November 2024.
Difference Since Last Month
+$86,000(+23.2%)
Key Takeaway
Homes in Lakeland have sold for 23.2% more than they did a month ago.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | - | N/A |
| 3 Bedrooms | $330K | $414.8K | +25.7% |
| 4 Bedrooms | $370K | $444K | +20.0% |
| 5+ Bedrooms | $800K | $757K | -5.4% |
Summary: Lakeland housing prices by bedroom type for November 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 25.7%, 4 bedroom homes increased by 20%, and 5+ bedroom homes decreased by 5.4%.
Housing Supply in Lakeland, TN
How many homes are available in Lakeland, TN?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 87 | 88 | +1.1% |
Summary: The Lakeland real estate market had 88 homes for sale in November 2024, a 1.1% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 0 | 0.0% |
| 3 Bedrooms | 26 | 28 | +7.7% |
| 4 Bedrooms | 36 | 37 | +2.8% |
| 5+ Bedrooms | 25 | 23 | -8.0% |
Summary: The Lakeland housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 7.7%, 4 bedroom homes increased by 2.8%, and 5+ bedroom homes decreased by 8%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 17 | 18 | +5.9% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Lakeland, you may be able to get a good deal. 55.6% of homes here sold below asking price last month.
Summary: A total of 18 homes were sold or pending in Lakeland in November 2024, up by 5.9% month-over-month. Of the 18 sold homes, 56% were sold under asking, 17% were sold at asking, and 28% were sold over asking.
Days on Market for Lakeland, TN
We’re sorry, we don't have information for this market at the moment
