Lakeland, TN Housing Market & Real Estate
Housing market overview · Updated weekly ·
Quick answer: The median home sale price in Lakeland, TN is $330,000, down 25.8% year-over-year. Homes sell in an average of 32 days with 64 active listings. The market is currently a balanced market.
$330,000median sale price
Is Lakeland a buyer's or seller's market?
Lakeland, TN is currently a balanced market, based on 5.8 months of supply and homes selling in about 32 days. How we determine this →
Homes sold
11
Last 12 weeks
Days on market
32
Average pace
Active listings
64
5.8 months supply
Sale-to-list
100.1%
Above asking
Lakeland, TN market data
| Metric | Value |
|---|---|
| Median sale price | $330,000 |
| Median list price | $588,500 |
| Year-over-year price change | -25.8% |
| Average days on market | 32 days |
| Active inventory | 64 listings |
| Months of supply | 5.8 months |
| Sale-to-list price ratio | 100.1% |
| Market condition | Balanced market |
Source: Redfin · Updated weekly
The Lakeland housing market is currently classified as a balanced market with a median sale price of $330,000. Prices have fallen 25.8% compared to last year, with homes spending an average of 32 days on market, indicating 5.8 months of inventory.With limited inventory, homes sell quickly and buyers should be prepared to act decisively and competitively to secure a property.
Market trends
Homes for sale in Lakeland
There are currently 64 homes listed for sale in Lakeland, Tennessee. The median listing price is $589K.
Active listings
64
Homes on market
Median list price
$589K
Avg. days on market
32
Days until sale
New this week
28
Newly listed
Top public schools in Lakeland
2 schools tracked · 2,339 students
The largest public schools serving Lakeland, TN 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.
Lakeland Preparatory School
Grades 5-10 · 1,305 students
Lakeland Elementary School
Grades PK-4 · 1,034 students
Source: National Center for Education Statistics, Common Core of Data directory. Updated annually. Ratings and test scores are not currently displayed.
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Frequently asked questions
What is the average home price in Lakeland?
The median home sale price in Lakeland is $330,000, down 25.8% from last year.
How long do homes stay on market in Lakeland?
Homes typically spend 32 days on market before going under contract.
Is Lakeland a buyer's or seller's market?
With 5.8 months of supply, Lakeland is currently a balanced market.
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