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Raychel Day
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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

$440,824

AVERAGE PRICE OF 67 HOMES

$461,452

AVERAGE PRICE OF 32 NEWLY BUILT HOMES

$488,184

AVERAGE PRICE OF 13 HOMES WITH A POOL

$504,625

AVERAGE PRICE OF 3 REDUCED PRICE HOMES

Average Home

Average Price $440,824
Avg Bedrooms 4.24 beds
Avg Bathrooms 3.18 baths

Average Price by Bedrooms

3 bedrooms $325,133
4 bedrooms $419,031
5 bedrooms $518,298
Lakeland Home Price Trends
  12/2019 11/2019 10/2019 9/2019 8/2019
Total Listings 67 73 77 80 80
Average Price $411,483 $404,818 $408,434 $403,804 $401,300
Avg Price Change +1.65% -0.89% +1.15% +0.62% -1.80%
Median Price $419,179 $419,404 $425,732 $427,883 $426,639
Med Price Change -0.05% -1.51% -0.51% +0.29% +0.57%
Avg Bedrooms 4.22 beds 4.17 beds 4.2 beds 4.17 beds 4.21 beds
Avg Bathrooms 3.01 baths 2.99 baths 3.04 baths 3.04 baths 3.1 baths
Total Homes Average Price Avg Days on Site
All Homes 67 $440,824 107 days
Newly Built Homes 32 $461,452 130 days
Homes with a Pool 13 $488,184 71 days
Reduced Price Homes 3 $504,625 85 days