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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

$430,151

AVERAGE PRICE OF 41 HOMES

$465,640

AVERAGE PRICE OF 13 NEWLY BUILT HOMES

$535,100

AVERAGE PRICE OF 9 HOMES WITH A POOL

$599,500

AVERAGE PRICE OF 1 REDUCED PRICE HOMES

Average Home

Average Price $430,151
Avg Bedrooms 4.22 beds
Avg Bathrooms 3.09 baths

Average Price by Bedrooms

2 bedrooms $75,000
3 bedrooms $280,816
4 bedrooms $361,676
5 bedrooms $582,743
Lakeland Home Price Trends
  12/2018 11/2018 10/2018 9/2018 8/2018
Total Listings 45 54 65 75 80
Average Price $399,260 $393,539 $392,481 $363,548 $367,028
Avg Price Change +1.45% +0.27% +7.96% -0.96% -5.02%
Median Price $368,098 $358,964 $373,216 $368,274 $373,059
Med Price Change +2.54% -3.97% +1.34% -1.30% -1.20%
Avg Bedrooms 4.15 beds 4.1 beds 4.08 beds 4.04 beds 4.07 beds
Avg Bathrooms 2.98 baths 3.01 baths 2.98 baths 2.92 baths 3.03 baths
Total Homes Average Price Avg Days on Site
All Homes 41 $430,151 101 days
Newly Built Homes 13 $465,640 141 days
Homes with a Pool 9 $535,100 33 days
Reduced Price Homes 1 $599,500 63 days
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