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Cheryl Brogdon
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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

$411,891

AVERAGE PRICE OF 89 HOMES

$458,773

AVERAGE PRICE OF 38 NEWLY BUILT HOMES

$439,668

AVERAGE PRICE OF 16 HOMES WITH A POOL

$458,180

AVERAGE PRICE OF 5 REDUCED PRICE HOMES

Average Home

Average Price $411,891
Avg Bedrooms 4.12 beds
Avg Bathrooms 3.02 baths

Average Price by Bedrooms

3 bedrooms $238,542
4 bedrooms $413,509
5 bedrooms $473,552
Lakeland Home Price Trends
  4/2020 3/2020 2/2020 1/2020 12/2019
Total Listings 71 75 70 66 67
Average Price $434,603 $426,143 $434,178 $428,622 $411,483
Avg Price Change +1.99% -1.89% +1.30% +4.17% +1.65%
Median Price $450,762 $448,314 $443,537 $431,746 $419,179
Med Price Change +0.55% +1.08% +2.73% +3.00% -0.05%
Avg Bedrooms 4.18 beds 4.12 beds 4.18 beds 4.24 beds 4.22 beds
Avg Bathrooms 3.16 baths 3.09 baths 3.15 baths 3.12 baths 3.01 baths
Total Homes Average Price Avg Days on Site
All Homes 89 $411,891 85 days
Newly Built Homes 38 $458,773 142 days
Homes with a Pool 16 $439,668 60 days
Reduced Price Homes 5 $458,180 32 days