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Steven Whitney
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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

$393,514

AVERAGE PRICE OF 79 HOMES

$420,325

AVERAGE PRICE OF 10 NEWLY BUILT HOMES

$474,373

AVERAGE PRICE OF 30 HOMES WITH A POOL

$411,029

AVERAGE PRICE OF 27 REDUCED PRICE HOMES

Average Home

Average Price $393,514
Avg Bedrooms 4.14 beds
Avg Bathrooms 3.11 baths

Average Price by Bedrooms

2 bedrooms $99,966
3 bedrooms $200,684
4 bedrooms $418,011
5 bedrooms $459,189
Lakeland Home Price Trends
  6/2018 5/2018 4/2018 3/2018 2/2018
Total Listings 66 63 n/a 58 58
Average Price $392,421 $400,594 n/a $405,357 $414,476
Avg Price Change -2.08% n/a n/a -2.25% +2.72%
Median Price $384,082 $391,863 n/a $389,298 $406,019
Med Price Change -2.03% n/a n/a -4.30% +3.11%
Avg Bedrooms 4.16 beds 4.13 beds n/a 4 beds 4 beds
Avg Bathrooms 3.05 baths 3.02 baths n/a 3.1 baths 3.14 baths
Total Homes Average Price Avg Days on Market
All Homes 79 $393,514 63 days
Newly Built Homes 10 $420,325 117 days
Homes with a Pool 30 $474,373 64 days
Reduced Price Homes 27 $411,029 83 days