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Featured local agent — Lakeland, FL

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Sarah Mitchell

CNESRESABR

Compass Real Estate · Lakeland, FL

“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”

Lakeland, FL(512) 555-0184TX License #0512847

Visit website →sarahmitchellhomes.com

5.0 · 47 reviews

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Lakeland, FL Housing Market & Real Estate

Balanced market-5.1% YoY

Housing market overview · Updated monthly · Data refreshed May 2026

$303,675median sale price

How is the Lakeland, FL housing market right now?

The median home sale price in Lakeland, FL is $303,675, down 5.1% year-over-year. Homes sell in an average of 51 days with 441 active listings. The market is currently a balanced market. (Source: Redfin monthly MLS data, as of May 2026 — the most recent Redfin release; Redfin publishes each month's data on a ~6-week lag.)

Is Lakeland a buyer's or seller's market?

Balanced market3.6 months of supply51 avg. days on market

Lakeland, FL is currently a balanced market, based on 3.6 months of supply and homes selling in about 51 days. How we determine this →

Homes sold

122

Last 12 weeks

Days on market

Average pace

Active listings

441

3.6 months supply

Sale-to-list

98.5%

Below asking

What does the Lakeland housing market data show?

Current housing market statistics for Lakeland, FL
Metric	Value
Median sale price	$303,675
Median list price	$335,000
Year-over-year price change	-5.1%
Average days on market	51 days
Active inventory	441 listings
Months of supply	3.6 months
Sale-to-list price ratio	98.5%
Median price per sq ft	$184/sq ft
Homes sold (latest month)	122
New listings (latest month)	169
Listings with a price cut	33.8%
Market condition	Balanced market

Source: Redfin · Updated monthly

How much do homes cost in Lakeland by property type?

How the Lakeland, FL market breaks down across single-family homes, condos, and townhouses.

Median price, price per square foot, homes sold and days on market by property type in Lakeland, FL
Property type	Median price	Price / sq ft	Homes sold	Days on market
Single-family	$325,000	$193/sq ft	102	52 days
Condo / Co-op	$145,000	$122/sq ft	9	28 days
Townhouse	$241,245	$159/sq ft	8	151 days

Source: Redfin · Updated monthly

The Lakeland housing market is currently classified as a balanced market with a median sale price of $303,675. Prices have fallen 5.1% compared to last year, with homes spending an average of 51 days on market, indicating 3.6 months of inventory.With limited inventory, homes sell quickly and buyers should be prepared to act decisively and competitively to secure a property.The price-to-income ratio of 5.1x provides context for how home values compare to local earning capacity.

Market trends

House12,197 sqft lot

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Active listings

441

Homes on market

Median list price

$335K

Avg. days on market

Days until sale

New this week

169

Newly listed

Price drops:33.8%of listings

Sale-to-list:98.5%

Who lives in Lakeland?

Population

117,030

Median income

$60,947/yr

Median age

39.9 years

Owner-occupied

56.1%

College grads

27.7%

Avg commute

23.5 min

Source: U.S. Census Bureau ACS

What are homes worth in Lakeland?

Zillow home value

$312,919

Zillow rent index

$1,677/mo

Price-to-rent ratio

15.5x

Price-to-income

5.1x

Source: Zillow Research

What is it like to live in Lakeland?

Lakeland is a community of approximately 117K residents with a median age of 39.9 years.The median household income is $60,947, which represents a working-class community with solid middle-income opportunities. 27.7% of residents hold a bachelor's degree or higher, showing a mixed educational demographic.

Homeownership rates are at 56.1%, showing a blend of owner and renter-occupied properties. The average commute time is 23.5 minutes, which makes this an excellent choice for those seeking short commutes to employment centers.Overall, Lakeland offers a balanced lifestyle with accessible home values relative to local income levels.

Which public schools serve Lakeland?

50 schools tracked · 38,204 students

The largest public schools serving Lakeland, FL by enrollment, drawn from the National Center for Education Statistics. School quality is a commonly cited factor in home-buying decisions — these are the campuses families in this area are most likely to encounter.

GEORGE W. JENKINS SENIOR HIGH

Grades 9-12 · 2,517 students

Public

LAKELAND SENIOR HIGH SCHOOL

Grades 9-12 · 2,057 students

Public

LAKE GIBSON SENIOR HIGH SCHOOL

Grades 9-12 · 2,039 students

Public

KATHLEEN SENIOR HIGH SCHOOL

Grades 9-12 · 1,951 students

Public

MCKEEL ACADEMY OF TECHNOLOGY

Grades 7-12 · 1,722 students

Charter

LAKELAND HIGHLANDS MIDDLE SCHOOL

Grades 6-8 · 1,260 students

Public

SOUTH MCKEEL ACADEMY

Grades PK-6 · 1,199 students

Charter

TENOROC HIGH SCHOOL

Grades 9-12 · 1,157 students

Public

Source: National Center for Education Statistics, Common Core of Data directory. Updated annually. Ratings and test scores are not currently displayed.

Which cities are near Lakeland, FL?

Want a head-to-head view? Compare Lakeland side-by-side with any other U.S. city using our market-comparison tool.

Combee Settlement

Crystal Lake

Fussels Corner

Lakeland Highlands

Kathleen

Medulla

Highland City

Willow Oak

Is Lakeland a good real estate investment market?

For investors evaluating Lakeland, the price-to-rent ratio of 15.5x indicates higher purchase prices relative to rental income, typical of appreciation-focused markets. The market has softened 5.1% year-over-year, potentially creating entry opportunities for strategic buyers.Use our rent vs. buy calculator to analyze whether owning or renting makes more financial sense based on Lakeland's current market conditions and your specific situation. Estimate your monthly payment with the mortgage calculator using Lakeland's median home price.

Frequently asked questions

What is the average home price in Lakeland?

The median home sale price in Lakeland is $303,675, down 5.1% from last year.

How long do homes stay on market in Lakeland?

Homes typically spend 51 days on market before going under contract.

What is the median income in Lakeland?

The median household income is $60,947 per year.

Is Lakeland a buyer's or seller's market?

With 3.6 months of supply, Lakeland is currently a balanced market.

How many homes are for sale in Lakeland?

There are currently 441 homes listed for sale in Lakeland, FL.

What is the Zillow home value estimate for Lakeland?

The Zillow Home Value Index (ZHVI) for Lakeland is $312,919, representing the typical home value in the area.

What is the median condo price in Lakeland?

The median condo/co-op sale price in Lakeland, FL is $145,000, compared to $325,000 for a single-family home, based on the latest Redfin data.

How much does a single-family home cost in Lakeland?

The median single-family home price in Lakeland, FL is $325,000 (about $193 per square foot).

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