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Lakeland

Why you'd want to live in Lakeland

The beautiful city of Lakeland, TN is quickly becoming one of the most desirable and most prestigious communities in the Memphis Metro Area. Over the past five years, Lakeland has strategically invested in and planned for future growth from both a residential and commercial standpoint. In a day and age of clear cut subdivisions and ill-planned sprawling subdivisions, Lakeland retains a focus on quality of life and a commitment toward preserving the environment. via Discover Lakeland

Lakeland Market Report

$607,644

AVERAGE PRICE OF 110 HOMES

$444,800

AVERAGE PRICE OF 1 DISTRESSED HOMES

$1,595,000

AVERAGE PRICE OF 4 MULTI-MILLION DOLLAR HOMES

$665,598

AVERAGE PRICE OF 35 NEWLY BUILT HOMES

$667,033

AVERAGE PRICE OF 40 HOMES WITH A POOL

$612,833

AVERAGE PRICE OF 6 REDUCED PRICE HOMES

Average Home

Average Price $607,644
Avg Bedrooms 4.19 beds
Avg Bathrooms 3.13 baths

Average Price by Bedrooms

2 bedrooms $182,933
3 bedrooms $323,091
4 bedrooms $599,176
5 bedrooms $725,620
Lakeland Home Price Trends
  7/2026 6/2026 5/2026 4/2026 3/2026
Total Listings 99 n/a n/a 97 90
Average Price $591,782 n/a n/a $586,891 $597,345
Avg Price Change n/a n/a n/a -1.78% +4.52%
Median Price $611,459 n/a n/a $620,390 $612,820
Med Price Change n/a n/a n/a +1.24% +2.46%
Avg Bedrooms 4.25 beds n/a n/a 4.24 beds 4.24 beds
Avg Bathrooms 3.18 baths n/a n/a 3.1 baths 3.15 baths
Total Homes Average Price Avg Days on Site
All Homes 110 $607,644 95 days
Distressed Homes 1 $444,800 32 days
Multi-Million Dollar Homes 4 $1,595,000 33 days
Newly Built Homes 35 $665,598 166 days
Homes with a Pool 40 $667,033 107 days
Reduced Price Homes 6 $612,833 64 days
Bluff City Properties
Mark Thoman
5119 Summer Ave #229
Memphis, TN 38122
901-230-3874
Mark Thoman

Copyright © 2026 Memphis Area Association of REALTORS®. The information provided is for the consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties that the consumer may be interested in purchasing. Information deemed reliable, but not guaranteed. Some or all of the listings displayed may not belong to the firm whose web site is being visited. This listing was refreshed on August 18, 2026
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