Is Lakeland, FL 33809 a buyer’s or seller’s market?

Balanced 3 months ending August 31, 2026 · Source: Redfin

Lakeland is a balanced market. With about 5.7 months of supply, well-priced homes can still draw more than one offer, but buyers have some room to negotiate.

Competition score28/ 100

More competitive than 24% of U.S. ZIP codes, and #209 of 796 in the state.

Based on share sold above original list, sale-to-list ratio, months of supply and days on market for the 3 months ending August 31, 2026. See the breakdown

Months of supply5.7Under 4 months = seller’s market
Sold above original list13.9%Share of sales, last 3 months
Median sale-to-list97.6%Sold price ÷ list price
Median days on market49Listing to accepted offer
Median price per sq ft$190▲ +0.5% vs. last year

The Lakeland housing market right now

In the three months ending August 31, 2026, 14% of homes in Lakeland, FL 33809 sold above their list price, the typical home went under contract in 49 days and there were 5.7 months of supply. Four to six months of supply is a balanced market, where pricing and condition decide how much room there is to negotiate. That’s based on 81 home sales.

Compared with the same period a year earlier, the share selling over asking rose from 10%, homes sold more slowly (35 days then) and the median sale price rose 4% to $313,864. Overall, Lakeland is about as competitive as it was a year ago.

Within Polk County, homes here sell faster than in 76% of the county’s ZIP codes, and sell more often over asking than in 66%. On our competition score, Lakeland ranks #209 of 796 FL ZIP codes with enough sales (score 28 out of 100).

Nearby, buyers who want less competition could look at River Ranch 33867 (0% sold over asking) or Lakeland 33812 (2% sold over asking), while Eagle Lake 33839 (31% sold over asking) and Lake Wales 33853 (25% sold over asking) are even more competitive.

Nearby markets

Auburndale 33823Balanced $185 /sq ftBabson Park 33827Balanced $216 /sq ftBartow 33830Seller’s market $178 /sq ftDavenport 33837Balanced $183 /sq ft Browse all markets →

Where Lakeland is

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Questions about Lakeland real estate

Is Lakeland a buyer’s or seller’s market?

A balanced market: there were 5.7 months of supply in Lakeland, FL 33809 in the three months ending August 31, 2026. Under four months usually favors sellers, and more than six favors buyers.

How fast do homes sell in Lakeland?

The typical home went under contract in 49 days in the latest three months.

Do homes in Lakeland sell over asking?

14% of homes sold above their original list price, and the typical sale closed at 97.6% of the list price.

What are property taxes in Lakeland?

About 0.73% of a home’s value a year in Polk County, or roughly $2,920 on a $400,000 home.

What is the median home price in Lakeland?

The median sale price was $313,864 in the three months ending August 31, 2026, about $190 per square foot.

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Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology