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Lakeland Market Report

$524,417

AVERAGE PRICE OF 61 HOMES

$1,069,900

AVERAGE PRICE OF 1 MULTI-MILLION DOLLAR HOMES

$627,591

AVERAGE PRICE OF 12 NEWLY BUILT HOMES

$499,906

AVERAGE PRICE OF 15 HOMES WITH A POOL

$282,500

AVERAGE PRICE OF 2 REDUCED PRICE HOMES

Average Home

Average Price $524,417
Avg Bedrooms 3.93 beds
Avg Bathrooms 2.82 baths

Average Price by Bedrooms

2 bedrooms $184,900
3 bedrooms $341,772
4 bedrooms $561,496
5 bedrooms $707,660
Lakeland Home Price Trends
  12/2024 11/2024 10/2024 9/2024 8/2024
Total Listings 68 75 82 79 83
Average Price $510,358 $511,143 $504,126 $487,200 $492,354
Avg Price Change -0.15% +1.39% +3.47% -1.06% -4.04%
Median Price $474,624 $483,655 $476,350 $469,550 $474,772
Med Price Change -1.90% +1.53% +1.45% -1.11% -3.29%
Avg Bedrooms 3.91 beds 3.98 beds 4 beds 3.98 beds 3.99 beds
Avg Bathrooms 2.8 baths 2.79 baths 2.78 baths 2.74 baths 2.73 baths
Total Homes Average Price Avg Days on Site
All Homes 61 $524,417 103 days
Multi-Million Dollar Homes 1 $1,069,900 68 days
Newly Built Homes 12 $627,591 101 days
Homes with a Pool 15 $499,906 90 days
Reduced Price Homes 2 $282,500 109 days
Bluff City Properties
Mark Thoman
5119 Summer Ave #229
Memphis, TN 38122
901-230-3874
Mark Thoman

Fair Housing/Equal Opportunity
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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 January 24, 2025
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