House Prices in Lakeland FL – October 2011

Lakeland FL Existing Overall Home Prices Rose In October 2011

Average overall Lakeland existing home prices rose to $115,266 in October.  Overall median home prices for existing homes in Lakeland Florida increased from the previous month as well as from the previous year.  While distressed properties continue to be a major contributor in determining market values for Lakeland FL homes, October market share of distressed homes however, increased to 52% from the previous months which is an indication that banks are willing to approve short sales because short sale closings have improved and foreclosures are picking back up.

Lakeland FL Real Estate Housing Report for October 2011 by Petra Norris - Licensed Lakeland FL Real Estate Broker

Lakeland Homes sold in October: 189 previous month:187 – previous year October 10: 169 sold

October – average sales price $115,266

Previous month: $114,886 (.33%) – previous year October 10: $115,092 (.15%)

October – median sales price $105,000

Previous month: $100,000 (5%) – previous year October 10: $92,000 (14.13%)

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, town-homes, villas and duplex units.

October 2011 Average and Median Home Prices in Lakeland FL

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.

October 2011 Lakeland FL Home Prices by Zip Code - A Market Report by Petra Norris - Licensed Lakeland FL Real Estate Broker

Distressed properties in Lakeland, Florida

For the month of October, Lakeland’s real estate market of distressed homes had a market share of 52%. There were a total of 98 homes sold in October, according to Mid-Florida Regional MLS.

Check back soon for October’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[at] or click search button below.

Lakeland FL Homes for Sale

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