$4,156 Closing Credit*
$350,000
2,790 SqFt
#1586064, Thomas Richie, Listing Office: Real Estate Solutions
Is Lakeland, WI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Last month, Lakeland was a Buyer'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, WI
How much do homes in Lakeland, WI cost?
Median Sold Price
$367,500
$189/sqft
Based on all homes sold in October 2024.
Difference Since Last Month
+$42,500(+13.1%)
Key Takeaway
Homes in Lakeland have sold for 13.1% more than they did a month ago.
Summary: The median home sold price in Lakeland was $367,500 in October 2024, up 13.1% from last month, and the median price per square foot was $189.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | $445K | N/A |
| 3 Bedrooms | $325K | $290K | -10.8% |
| 4 Bedrooms | - | - | N/A |
| 5+ Bedrooms | - | - | N/A |
Summary: Lakeland housing prices by bedroom type for October 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 decreased by 10.8%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Housing Supply in Lakeland, WI
How many homes are available in Lakeland, WI?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 16 | 14 | -12.5% |
Summary: The Lakeland real estate market had 14 homes for sale in October 2024, a 12.5% decrease 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 | 2 | 2 | 0.0% |
| 3 Bedrooms | 12 | 10 | -16.7% |
| 4 Bedrooms | 2 | 2 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
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 decreased by 16.7%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 2 | 4 | +100.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Lakeland, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 4 homes were sold or pending in Lakeland in October 2024, up by 100.0% month-over-month. Of the 4 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Lakeland, WI
How long does it take to sell a home in Lakeland, WI?
Average Sale Time
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 160 Days | 59 Days | -62.8% |
Summary: Homes in Lakeland had an average of 59 days on market in Oct 2024, down by 62.8% compared to last month.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Lakeland has remained consistent over time.
Summary: During October 2024, 4 homes were sold in Lakeland; 0% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
