Lakeland, FL 33803 Real Estate Market Report

ZIP Code: 33803
Report Date: February 2026
Market Temperature: NEUTRAL
Scope: Single-Family Residential (SFR) listings and comps only

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Executive Overview

The median sold price in Lakeland, FL (ZIP: 33803) is $317,000, reflecting a market that has decreased 8% since 2022. This downward trend in sold prices suggests a cooling market, where buyers may have more negotiating power due to the current conditions. With a median listing price of $371,000, there appears to be a notable pricing gap between what sellers are asking and what buyers are willing to pay, indicating potential pricing friction in the market.

Transaction activity is characterized by elevated inventory levels and a median days on market of 197 days, which points to slower sales velocity. The market temperature is currently assessed as neutral, suggesting a balance between supply and demand, although the overall trend indicates a softening environment. Additionally, rental trends are flat to slightly decreasing, which may further influence buyer sentiment and market dynamics moving forward.

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Market Overview

This analysis is based on a sample of properties from this ZIP code (up to 200 sold properties and up to 100 active properties). The median prices below are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.

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Market Metrics

Note: The property counts shown above represent only the properties analyzed in this report sample, not the total inventory for this ZIP code. Median prices are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.

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Rental Market

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Property Taxes

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Liquidity & Velocity

Note: A Sale-to-List Ratio near 100% can occur when properties sell at or near their final listing price after price adjustments during the listing period, even when initial listing prices differ significantly from sale prices.

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Market Trends & Context

Understanding Market Temperature

A Neutral market indicates balanced conditions where neither buyers nor sellers have a strong advantage, typically characterized by flat price trends, extended but stable days on market, and moderate inventory relative to sales.

Current Mortgage Rate Context

Market-level mortgage rate comparison for this area:

Current 30-year fixed mortgage rates in Lakeland FL around 6.00% are significantly lower than the 6.87% average seen one year ago, indicating a cost opportunity for recent buyers or refinancers.

Note: Interest rate comparisons provide market context. The existing "Interest Rate Pressure" metric above shows the qualitative market impact.

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Key Findings

1. The median sold price of $317,000 indicates a market that has decreased by 8% since 2022, reflecting softening conditions.

2. With a median listing price of $371,000, there is a significant gap compared to the sold prices, suggesting pricing friction in the market.

3. The median days on market is 197 days, indicating slower sales velocity and longer selling times for properties.

4. Current market temperature is assessed as neutral, suggesting a balance between supply and demand despite the softening trend.

5. Rental trends are generally flat to slightly decreasing, which may impact buyer sentiment and future market dynamics.

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Notable Properties

The following 8 properties represent notable market examples and recent transactions that illustrate key market dynamics. These are illustrative examples selected for their significance (top sales, market benchmarks, quick sales) and are not the basis for the statistical calculations shown above.