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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

$552,902

AVERAGE PRICE OF 72 HOMES

$1,065,000

AVERAGE PRICE OF 1 MULTI-MILLION DOLLAR HOMES

$659,511

AVERAGE PRICE OF 17 NEWLY BUILT HOMES

$523,004

AVERAGE PRICE OF 21 HOMES WITH A POOL

$270,000

AVERAGE PRICE OF 1 REDUCED PRICE HOMES

Average Home

Average Price $552,902
Avg Bedrooms 4.31 beds
Avg Bathrooms 2.99 baths

Average Price by Bedrooms

2 bedrooms $150,000
3 bedrooms $303,872
4 bedrooms $526,127
5 bedrooms $660,561
Lakeland Home Price Trends
  3/2024 2/2024 1/2024 12/2023 11/2023
Total Listings 67 58 58 61 69
Average Price $559,590 $559,551 $542,365 $577,538 $584,227
Avg Price Change +0.01% +3.17% -6.49% -1.16% +0.53%
Median Price $585,164 $586,465 $507,483 $589,877 $589,481
Med Price Change -0.22% +15.56% -16.24% +0.07% -0.98%
Avg Bedrooms 4.41 beds 4.43 beds 4.41 beds 4.42 beds 4.45 beds
Avg Bathrooms 3.01 baths 2.98 baths 2.93 baths 3.03 baths 3.06 baths
Total Homes Average Price Avg Days on Site
All Homes 72 $552,902 81 days
Multi-Million Dollar Homes 1 $1,065,000 168 days
Newly Built Homes 17 $659,511 121 days
Homes with a Pool 21 $523,004 54 days
Reduced Price Homes 1 $270,000 10 days
Bluff City Properties
Mark Thoman
5119 Summer Ave #229
Memphis, TN 38122
901-230-3874

Copyright Ā© 2024 Memphis Area Association of REALTORSĀ®. 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 April 23, 2024
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