The Southwest Lakeland housing market is very competitive. The median sale price of a home in Southwest Lakeland was $275K last month, down 14.1% since last year. The median sale price per square foot in Southwest Lakeland is $193, down 15.3% since last year.
What is the housing market like in Southwest Lakeland today?
In March 2024, Southwest Lakeland home prices were down 14.1% compared to last year, selling for a median price of $275K. On average, homes in Southwest Lakeland sell after 29 days on the market compared to 24 days last year. There were 11 homes sold in March this year, up from 10 last year.
All Home Types
Median Sale PriceAll Home Types
Median Sale Price
(All Home Types)
$275,000
-14.1% YoY | Mar 2024
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
Mar 2024
Growth
% YoY
Southwest Lakeland, FL
$275,000
-14.1%
United States
To compare other locations to the Southwest Lakeland and U.S. housing market, enter a city, neighborhood, state, or zip code into the search bar. Learn which home features in Lakeland add value to a home.
How much is your home worth? Track your home’s value and compare it to nearby sales.
How hot is the Southwest Lakeland housing market?
Southwest Lakeland is very competitive. Homes sell in 20 days.
0
100
73
Very Competitive
Redfin Compete Score™
The Redfin Compete Score rates how competitive an area is on a scale of 0 to 100, where 100 is the most competitive.
Calculated over the last 9 months
Many homes get multiple offers, some with waived contingencies.
The average homes sell for about 4% below list price and go pending in around 20 days.
Hot homes
can sell for around list price and go pending in around 5 days.
Learn about schools in the Southwest Lakeland area
Elementary
Middle
High
GreatSchools Rating
5/10
Southwest Elementary School
Public • PreK-5
414
Students
6 reviews
School data provided by GreatSchools. School service boundaries are intended to be used as reference only. To verify enrollment eligibility for a property, contact the school directly.
Climate's impact on Southwest Lakeland housing
Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that
could impact homes in Southwest Lakeland.
Risk Factor
Flood Factor - Moderate
13% of properties are at risk of severe flooding over the next 30 years
Flood Factor
Southwest Lakeland has a moderate risk of flooding. 95 properties in Southwest Lakeland are likely to be
severely affected
by flooding over the next 30 years. This represents 13% of all properties in Southwest Lakeland. Flood risk is increasing slower than the national average.
5% of properties are at risk of wildfire over the next 30 years
Fire Factor
Southwest Lakeland has a moderate risk of wildfire. There are 56 properties in Southwest Lakeland that have some risk of being affected by wildfire over the next 30 years. This represents 5% of all properties in Southwest Lakeland.
100% of properties are at extreme
risk of a severe wind event over the next 30 years
Wind Factor
Southwest Lakeland has an Extreme Wind Factor® risk based on the projected likelihood and speed of hurricane, tornado, or severe storm winds impacting it. Southwest Lakeland is most at risk from hurricanes. 995 properties in Southwest Lakeland have some risk of being in a severe wind event within the next 30 years.
Wind likelihood over time
If an exceedingly rare windstorm
(a 1-in-3,000 year storm event)
occurred today, it could cause wind gusts of up to 138 mph. In 30 years, an event of this same likelihood would show increased wind gusts of up to 152 mph.
77% of properties are at severe
risk of heat over the next 30 years
Heat Factor
Southwest Lakeland has a severe risk from heat. This is due to
"feels like" temperatures
increasing, and because 77% of homes in Southwest Lakeland have a Severe Heat Factor®.
Southwest Lakeland is expected to see a 242% increase in the number of days over 108ºF over the next 30 years. Southwest Lakeland is expected to experience 10