Lakeland, FL 33809 Real Estate Market Report

ZIP Code: 33809
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: 33809) currently stands at $310,000, reflecting the actual market transactions and indicating a stable market environment. Despite some fluctuations, the market appears to be undergoing a correction following previous rapid growth, with the median listing price at $349,900 suggesting a notable gap between seller expectations and buyer realities. This discrepancy may indicate pricing friction as sellers adjust to current market conditions.

Transaction activity has shown signs of moderation, with 217 days as the median days on market, suggesting slower sales velocity. Elevated inventory levels are present, which, combined with the 6.09% to 6.375% range of current mortgage rates, may be contributing to the overall market balance. The market temperature remains neutral, indicating a balanced environment where supply and demand are relatively aligned, yet elevated interest rate pressure continues to challenge affordability for potential buyers.

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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 the Lakeland FL 33809 market average around 6.09% to 6.375%, which is notably lower than the 6.87% average seen one year prior.

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 $310,000 reflects actual market transactions, indicating a stable pricing environment.

2. With a median listing price of $349,900, there is a notable gap suggesting potential pricing friction as sellers adjust expectations.

3. The median days on market of 217 indicates a slower sales velocity, which may affect liquidity in the market.

4. Current mortgage rates averaging 6.09% to 6.375% are elevated, contributing to affordability challenges for buyers.

5. The market temperature is neutral, suggesting a balanced environment despite elevated inventory levels.

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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.