$10,000 Closing Credit*
$1,069,900
5 Beds
•3 Full Baths, 1 Partial
Listing Office: Bryan Realty Group
Is Lakeland, TN 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, 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
$510,000
-
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$2,500(-0.5%)
Key Takeaway
The sold price of homes in Lakeland has remained the same since last year.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $158K | - | N/A |
| 3 Bedrooms | $312K | $332.5K | +6.6% |
| 4 Bedrooms | $502.5K | $516K | +2.7% |
| 5+ Bedrooms | $665K | $575K | -13.5% |
Summary: Lakeland housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 6.6%, 4 bedroom homes increased by 2.7%, and 5+ bedroom homes decreased by 13.5%.
Median Sold Price Compared To Nearby Cities
| Arlington | $482.7K | $510K | +5.6% |
| Lakeland | $512.5K | $510K | -0.5% |
Housing Supply in Lakeland, TN
How many homes are available in Lakeland, TN?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 74 | 87 | +17.6% |
Summary: The Lakeland real estate market had 87 homes for sale in October 2024, a 17.6% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 0 | 0.0% |
| 3 Bedrooms | 22 | 26 | +18.2% |
| 4 Bedrooms | 26 | 32 | +23.1% |
| 5+ Bedrooms | 26 | 29 | +11.5% |
Summary: The Lakeland 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 remained the same, 3 bedroom homes increased by 18.2%, 4 bedroom homes increased by 23.1%, and 5+ bedroom homes increased by 11.5%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 8 | 15 | +87.5% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
4 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. 40% of homes here sold below asking price last month.
Summary: A total of 15 homes were sold or pending in Lakeland in October 2024, up by 87.5% month-over-month. Of the 15 sold homes, 40% were sold under asking, 27% were sold at asking, and 33% were sold over asking.
Days on Market for Lakeland, TN
We’re sorry, we don't have information for this market at the moment
