Lakeland real estate sales activity in October remained very active with a total of 177 homes that were sold in Lakeland. When comparing to last year’s activity, home sales shows an increase by 29% for the Lakeland Real Estate market.
Average and median Lakeland home sale prices at its lowest for this year
Average sold prices for October decreased to $115,951($67.72 per sq.ft.) or 10% from the previous month and 23% from the previous year, respectively. Median prices dipped for October to $107,000 or 12% for homes sold in Lakeland when comparing to the previous month.
- Average Lakeland Sold price for October 2008 – $149,732 – decrease of 23%
- Median Lakeland sold price for October 2008 – $140,000 – decrease of 24%
Based on recent sales history for the Lakeland Real Estate market, it shows here in this spreadsheet below where the most activity takes place and what types of homes are selling.
Distressed properties in Lakeland, Florida
For the month of October, distressed homes, such as Lakeland Short Sales, pre-foreclosures, in foreclosures and bank-owned (REO) properties had a market share of almost 52% in the Lakeland Real Estate market. There were a total of 91 properties sold in October compared to 51 distressed Lakeland homes sold the year prior, according to Mid-Florida Regional MLS.
- 28 Distressed Homes Sold – average sold price $116,270 – $65.55 per sq.ft.
- 63 Bank-owned (REO) sold – average sold price $80,252 – $49.31 per sq.ft.
Take a look at my spreadsheet below. I’ve separated the report by zip code instead of school zones; it gives you a more accurate report in my opinion. The data and graphs for this report were obtained from the Mid-Florida Regional MLS, it is deemed reliable but not guaranteed. This report does not include “For Sale By Owner”. The numbers highlighted in pink represents the zip codes where average sold prices have exceeded.
Which zip codes represents the most sales activities since January 2009?
| Zip Codes | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Grand Total |
| 33801 |
20 |
12 |
15 |
21 |
13 |
16 |
17 |
12 |
20 |
27 |
173 |
| 33803 |
11 |
10 |
16 |
18 |
16 |
19 |
26 |
19 |
22 |
25 |
182 |
| 33805 |
12 |
11 |
12 |
9 |
5 |
10 |
14 |
14 |
8 |
14 |
109 |
| 33809 |
13 |
12 |
16 |
11 |
18 |
17 |
16 |
17 |
25 |
17 |
162 |
| 33810 |
25 |
31 |
34 |
31 |
46 |
37 |
40 |
33 |
42 |
46 |
365 |
| 33811 |
10 |
16 |
17 |
18 |
18 |
22 |
20 |
15 |
22 |
15 |
173 |
| 33812 |
10 |
5 |
8 |
13 |
7 |
9 |
16 |
15 |
10 |
9 |
102 |
| 33813 |
9 |
25 |
27 |
28 |
26 |
33 |
35 |
38 |
29 |
22 |
272 |
| 33815 |
5 |
3 |
7 |
5 |
7 |
6 |
4 |
3 |
5 |
2 |
47 |
| Grand Total |
115 |
125 |
152 |
154 |
156 |
169 |
188 |
166 |
183 |
177 |
1585 |
For more information on the location of these sold homes in Lakeland, price and size of the home click on map picture which leads you to the interactive Community Walk map created by Chuck Welch of Lakeland Local.
If you are interested in a specific area or neighborhood, feel free to contact me at petra@petranorris.com or click the search button below.
