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Linita Stewart
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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

$385,466

AVERAGE PRICE OF 44 HOMES

$428,493

AVERAGE PRICE OF 11 NEWLY BUILT HOMES

$443,312

AVERAGE PRICE OF 8 HOMES WITH A POOL

$341,561

AVERAGE PRICE OF 13 REDUCED PRICE HOMES

Average Home

Average Price $385,466
Avg Bedrooms 4.11 beds
Avg Bathrooms 2.92 baths

Average Price by Bedrooms

2 bedrooms $137,250
3 bedrooms $267,685
4 bedrooms $353,254
5 bedrooms $508,724
Lakeland Home Price Trends
  11/2018 10/2018 9/2018 8/2018 7/2018
Total Listings 54 65 75 80 81
Average Price $393,539 $392,481 $363,548 $367,028 $385,439
Avg Price Change +0.27% +7.96% -0.96% -5.02% -1.81%
Median Price $358,964 $373,216 $368,274 $373,059 $377,519
Med Price Change -3.97% +1.34% -1.30% -1.20% -1.74%
Avg Bedrooms 4.1 beds 4.08 beds 4.04 beds 4.07 beds 4.13 beds
Avg Bathrooms 3.01 baths 2.98 baths 2.92 baths 3.03 baths 3.08 baths
Total Homes Average Price Avg Days on Site
All Homes 44 $385,466 99 days
Newly Built Homes 11 $428,493 134 days
Homes with a Pool 8 $443,312 64 days
Reduced Price Homes 13 $341,561 97 days
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