Is Lakeville, MA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Lakeville has remained a Seller's Market.
Key Takeaway
Lakeville is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Lakeville, MA
How much do homes in Lakeville, MA cost?
Median Sold Price
$552,148
$328/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Lakeville have sold for 8.5% more than they did a year ago.
Summary: The median home sold price in Lakeville was $552,148 in May 2024, up 8.5% from last year, and the median price per square foot was $328.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $325K | $295K | -9.2% |
| 2 Bedrooms | $432.5K | $500.2K | +15.7% |
| 3 Bedrooms | $502.5K | $600K | +19.4% |
| 4 Bedrooms | $595K | $706K | +18.7% |
| 5+ Bedrooms | $750K | $1.2M | +64.0% |
Summary: Lakeville housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 9.2%, 2 bedroom homes increased by 15.7%, 3 bedroom homes increased by 19.4%, 4 bedroom homes increased by 18.7%, and 5+ bedroom homes increased by 64%.
Median Sold Price Compared To Nearby Cities
| East Taunton | $435K | $475K | +9.2% |
| Lakeville | $509K | $552.1K | +8.5% |
| Middleboro | $486K | $522.4K | +7.5% |
| Middleborough | $486K | $522.4K | +7.5% |
| Taunton | $450K | $470K | +4.4% |
Housing Supply in Lakeville, MA
How many homes are available in Lakeville, MA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 44 | 50 | +13.6% |
Summary: The Lakeville real estate market had 50 homes for sale in May 2024, a 13.6% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 21 | 21 | 0.0% |
| 3 Bedrooms | 15 | 17 | +13.3% |
| 4 Bedrooms | 5 | 10 | +100.0% |
| 5+ Bedrooms | 2 | 1 | -50.0% |
Summary: The Lakeville housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 13.3%, 4 bedroom homes increased by 100%, and 5+ bedroom homes decreased by 50%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 4 | 15 | +275.0% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Lakeville, you may be able to get a good deal. 46.7% of homes here sold below asking price last month.
Summary: A total of 15 homes were sold or pending in Lakeville in May 2024, up by 275.0% month-over-month. Of the 15 sold homes, 47% were sold under asking, 20% were sold at asking, and 33% were sold over asking.
Days on Market for Lakeville, MA
How long does it take to sell a home in Lakeville, MA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 59 Days | 64 Days | +8.2% |
Summary: Homes in Lakeville had an average of 64 days on market in May 2024, up by 8.2% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Lakeville are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 15 homes were sold in Lakeville; 60% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 27% of homes were sold over 90 days.
