Average overall Lakeland existing home prices continue to slide for to $114,886 in September. However, the overall median home prices for existing homes in Lakeland Florida rebounded from the previous month and remained the same from the previous year. While distressed properties continue to be a major contributor in determining market values for Lakeland FL homes, September market share of distressed homes however, decreased to 46% from the previous months.
Lakeland Homes sold in September: 187-previous month: 226 – previous year September 10: 197 sold
September – average sales price $114,886
Previous month: $118,160 (-2.77%) – previous year September 10: $119,703 (-4.02%)
September – median sales price $100,000
Previous month: $90,000 (10%) – previous year September 10: $100,000 (0.00%)
The graph below represents average and median home prices in Lakeland for various categories. When our media provides us with a real estate market reports, generally these reports outline only Single Family Homes and Condominiums. Lakeland Florida has a variety of homes, such as manufactured homes, townhomes, villas and duplex units.
What are the various average prices in each Lakeland zip code?
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.
A stable “healthy housing market has a supply of six month in inventory. Lakeland’s housing market has a total of 1906 including active Lakeland FL Homes for Saleand homes that have gone under contract (pending). From the chart below you can see the overall housing trend with respect to Supply on Market shows still there is a buyers market. However, with our upcoming busy season in the Fall and Winter, I suspect that the supply on market will show improvement.
Distressed properties in Lakeland, Florida
For the month of September, Lakeland’s real estate market of distressed homes had a market share of 46%. There were a total of 86 homes sold in September, according to Mid-Florida Regional MLS.
Check back soon for September’s detailed Lakeland Florida Real Estate report that highlights bank-owned properties (REOs) and Lakeland Short Sales.
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.
