Lakeland, TN
Housing market overview · Updated weekly
$330,000median sale price
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
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
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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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