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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

$581,291

AVERAGE PRICE OF 95 HOMES

$1,186,817

AVERAGE PRICE OF 6 MULTI-MILLION DOLLAR HOMES

$665,377

AVERAGE PRICE OF 11 NEWLY BUILT HOMES

$627,903

AVERAGE PRICE OF 26 HOMES WITH A POOL

$463,622

AVERAGE PRICE OF 9 REDUCED PRICE HOMES

Average Home

Average Price $581,291
Avg Bedrooms 4.27 beds
Avg Bathrooms 3.02 baths

Average Price by Bedrooms

2 bedrooms $169,900
3 bedrooms $362,017
4 bedrooms $557,548
5 bedrooms $678,027
Lakeland Home Price Trends
  6/2025 5/2025 4/2025 3/2025 2/2025
Total Listings 87 81 74 74 64
Average Price $593,309 $606,783 $572,229 $558,915 $555,304
Avg Price Change -2.27% +6.04% +2.38% +0.65% +6.13%
Median Price $568,651 $606,235 $573,241 $578,992 $561,344
Med Price Change -6.61% +5.76% -1.00% +3.14% +15.70%
Avg Bedrooms 4.3 beds 4.29 beds 4.18 beds 4.09 beds 4.03 beds
Avg Bathrooms 3.05 baths 3.08 baths 2.96 baths 2.93 baths 2.94 baths
Total Homes Average Price Avg Days on Site
All Homes 95 $581,291 69 days
Multi-Million Dollar Homes 6 $1,186,817 47 days
Newly Built Homes 11 $665,377 102 days
Homes with a Pool 26 $627,903 63 days
Reduced Price Homes 9 $463,622 65 days
Bluff City Properties
Mark Thoman
5119 Summer Ave #229
Memphis, TN 38122
901-230-3874
Mark Thoman

Copyright © 2025 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 July 9, 2025
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