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Lakeland

Why you'd want to live in Lakeland

Located in scenic western Tennessee, Lakeland's low development and natural terrain fosters a sense of country living that is rapidly disappearing in other Shelby County communities and nearby Memphis. A number of lakes, ponds, streams, parks, and other recreational opportunities improve the quality of life for our residents, including a 65-acre park with open space, "The LAMP" Amphitheater, walking/hiking trails, and a lake for fishing. Although Lakeland’s $226,800 median home value in 2014 is high for Tennessee, living there comes with sizeable benefits. The city of 13,000 was one of only four communities in to receive a perfect 10 from GreatSchools. Lakeland also earned risk rating of “most safe,” and its 15-year income growth rate of 69.8% was second-highest in survey. The northeast Memphis suburb is home to the 235-acre Garner Lake, with its many recreational opportunities. via City of Lakeland

lakeland

Lakeland Market Report

$426,065

AVERAGE PRICE OF 55 HOMES

$487,499

AVERAGE PRICE OF 23 NEWLY BUILT HOMES

$478,518

AVERAGE PRICE OF 11 HOMES WITH A POOL

$410,000

AVERAGE PRICE OF 1 REDUCED PRICE HOMES

Average Home

Average Price $426,065
Avg Bedrooms 4.16 beds
Avg Bathrooms 3.06 baths

Average Price by Bedrooms

3 bedrooms $309,372
4 bedrooms $430,934
5 bedrooms $470,800
Lakeland Home Price Trends
  7/2020 6/2020 5/2020 4/2020 3/2020
Total Listings 73 88 74 71 75
Average Price $414,260 $404,790 $425,103 $434,603 $426,143
Avg Price Change +2.34% -5.02% -2.23% +1.99% -1.89%
Median Price $413,891 $410,851 $441,171 $450,762 $448,314
Med Price Change +0.74% -7.38% -2.17% +0.55% +1.08%
Avg Bedrooms 4.03 beds 4.08 beds 4.16 beds 4.18 beds 4.12 beds
Avg Bathrooms 2.98 baths 2.94 baths 3.06 baths 3.16 baths 3.09 baths
Total Homes Average Price Avg Days on Site
All Homes 55 $426,065 87 days
Newly Built Homes 23 $487,499 141 days
Homes with a Pool 11 $478,518 71 days
Reduced Price Homes 1 $410,000 73 days
Copyright © 2020 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 13, 2020
All information is believed to be accurate but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Copyright 2020 RealTracs Solutions. Listing information last updated on August 13, 2020.
Copyright 2020 Northwest Mississippi Association of REALTORS® - REALTOR® Services Corporation Copyright© 2020 by the Multiple Listing Service of REALTOR® SERVICES CORPORATION a subsidiary of the Northwest Mississippi Association of REALTORS®. This information is believed to be accurate but is not guaranteed. Subject to verification by all parties. This data is copyrighted and may not be transmitted, retransmitted, copied, framed, repurposed, or altered in any way for any other site, individual and/or purpose without the express written permission of the Multiple Listing Service of the REALTOR® SERVICES CORPORATION a subsidiary of the Northwest Mississippi Association of REALTORS®. Mississippi recognizes single and dual agency relationships. Information Deemed Reliable But Not Guaranteed. Any use of search facilities of data on this site, other than by a consumer looking to purchase real estate, is not prohibited.
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