Bryan Realty

Lakeland, TN 38002

Single-Family Homes

Market Report / michael@bryanrealty.com



Lakeland, TN 38002

Sun Jul 06 2025
This week the median list price for Lakeland, TN 38002 is $610,000 with the market action index hovering around 33. This is an increase over last month's market action index of 32. Inventory has held steady at or around 70. Click here to stay informed with the Lakeland market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Slight Seller's Advantage

Market Narrative

While the Market Action Index shows some strengthening in the last few weeks, prices have settled in a bit of a plateau. We are currently in a Seller’s market so prices will likely resume their climb should this trend persist.

Lakeland, TN 38002

Sun Jul 06 2025
This week the median list price for Lakeland, TN 38002 is $610,000 with the market action index hovering around 33. This is an increase over last month's market action index of 32. Inventory has held steady at or around 70. Click here to stay informed with the Lakeland market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Slight Seller's Advantage

Market Narrative

While the Market Action Index shows some strengthening in the last few weeks, prices have settled in a bit of a plateau. We are currently in a Seller’s market so prices will likely resume their climb should this trend persist.

Real-Time Market Profile

Never miss important changes in the Lakeland market.
Median List Price $610,000
Median Price of New Listings $530,000
Per Square Foot $170
Average Days on Market 90
Median Days on Market 63
Price Decreased 37%
Price Increased 0%
Relisted 7%
Inventory 70
Median Rent
Market Action 33
Slight Seller's Advantage

We continue to see prices in this zip code bouncing around this plateau. Look for a persistent up-shift in the Market Action Index before we see prices move from these levels.

Market Segments

Each segment below represents approximately 25% of the market ordered by price.

Median Price Sq. Ft. Lot Size Beds Bath Age New Absorbed DOM
$886,950 4,299 0.25 - 0.5 acre 5 4.5 15 1 1 77
$650,000 3,699 0.25 - 0.5 acre 4 3 3 4 0 105
$525,000 3,299 0.25 - 0.5 acre 4 3 20 3 0 56
$340,000 2,099 8,000 - 10,000 sqft 3 2 31 5 4 7