Lakeland, FL 33811 Real Estate Market Report

ZIP Code: 33811
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: 33811) stands at $347,000, reflecting the actual market transactions and providing a clearer picture of current home values. Despite the increase in the median listing price to $341,750, the market is experiencing longer days on market, with properties averaging 220 days before sale, suggesting a shift towards a more balanced market. This trend indicates a potential cooling in buyer demand, as elevated inventory levels are observed relative to sales activity.

The market temperature is currently classified as neutral, indicating a balance between supply and demand. However, the increase in inventory alongside moderate sales activity may lead to pricing friction in the near future. The underlying economic strength from regional growth continues to support long-term housing demand, but the current dynamics suggest that sellers may need to adjust their expectations in light of the slower sales velocity.

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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

Note: The relationship between property values and rental rates reflects different market dynamics. Higher-priced properties may have lower rental yields due to factors such as luxury market positioning, owner-occupancy preferences, or long-term appreciation strategies rather than immediate rental income maximization.

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Property Taxes

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Liquidity & Velocity

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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 market at approximately 6.00% are 0.13% higher than the 5.87% average seen just one week ago, indicating a slight upward pressure on new borrowing costs.

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 $347,000 indicates stable transaction values despite longer selling periods.

2. With 220 days on market, properties are experiencing slower sales velocity, suggesting a need for strategic pricing adjustments.

3. The median listing price of $341,750 shows a gap compared to sold prices, indicating potential pricing friction for sellers.

4. Elevated inventory levels relative to sales activity may lead to downward pressure on home values if trends continue.

5. The median market rent of $1,690 suggests ongoing rental demand, but the downward trend in rent year-over-year may affect investor sentiment.

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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.