Bryan Realty
Lakeland, TN 38002
Single-Family Homes
Market Report / michael@bryanrealty.com
Lakeland, TN 38002
Sat May 02 2026
This week the median list price for Lakeland, TN 38002 is $629,950 with the market action index hovering around 33. This is an increase over last month's market action index of 32. Inventory has decreased to 59.
Market Action Index
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Slight Seller's Advantage
Market Narrative
Home sales continue to outstrip supply and the Market Action Index has been moving higher for several weeks. This is a Seller’s market so watch for upward pricing pressure in the near future if the trend continues.
Real-Time Market Profile
| Median List Price | $629,950 | |
| Median Price of New Listings | $610,000 | |
| Per Square Foot | $173 | |
| Average Days on Market | 130 | |
| Median Days on Market | 63 | |
| Price Decreased | 36% | |
| Price Increased | 0% | |
| Relisted | 12% | |
| Inventory | 59 | |
| Median Rent | ||
| Market Action | 33 | |
| Slight Seller's Advantage | ||
We continue to see prices in this zip code hover around their high point. Look for a persistent shift in the Market Action Index before we see prices deviate 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 |
|---|---|---|---|---|---|---|---|---|
| $734,900 | 3,981 | 0.25 - 0.5 acre | 5 | 4 | 0 | 0 | 2 | 28 |
| $643,000 | 3,699 | - | 4 | 3.5 | 1 | 0 | 1 | 119 |
| $583,900 | 3,450 | 0.25 - 0.5 acre | 4 | 3 | 4 | 1 | 1 | 77 |
| $430,250 | 2,400 | 0.25 - 0.5 acre | 4 | 3 | 21 | 0 | 2 | 49 |