Lakeland - FL housing market
The Lakeland metro has a typical home value of $298,610, down 3.5% from a year ago. Homes are sitting 44 days on average - buyers have negotiating room. 26% of listings have had a price cut. Data from Zillow Research, updated monthly.
How to read this data
The typical home value ($298,610) is the Zillow Home Value Index for the Lakeland - FL metro area , a smoothed, seasonally adjusted estimate of the typical value for middle-tier homes (33rd to 67th percentile) across single-family and condo properties.
Prices are down 3.5% over the past year. A home worth $309,440 last year is now worth roughly $298,610.
The median sale price , what homes actually close for , is $293,377. Homes are selling at 96.9% of list price, meaning buyers have room to negotiate.
Homes listed in Lakeland - FL sit on the market for roughly 44 days before going pending. Shorter = seller's market; longer = buyer's market.
About 25.6% of current listings have had at least one price cut. High price-cut shares signal sellers are adjusting expectations downward.
Roughly 1,063 new listings hit the market each month in Lakeland - FL. There are currently 5,207 homes for sale, down 6.7% from a year ago.
The typical monthly rent in Lakeland - FL is $1,839, up 0.1% year over year. For investors, the price-to-rent ratio here is roughly 14x annual rent.
What's not on this page
This is market-level data, not property-level. We don't list individual homes for sale. For that, go to Zillow, Redfin, or your local MLS.
Other metros in FL
| Metro | Home value | 1-yr change | Days on market |
|---|---|---|---|
| Miami - FL | $473,725 | -3.5% | 56.0d |
| Tampa - FL | $359,150 | -3.8% | 36.0d |
| Orlando - FL | $386,582 | -3.4% | 34.0d |
| Jacksonville - FL | $351,554 | -1.9% | 46.0d |
| North Port - FL | $403,701 | -6.7% | 48.0d |
| Cape Coral - FL | $340,796 | -8.1% | 65.0d |