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Real estate in Lakeland’s Lake Somerset neighborhood.

Compare top Lake Somerset real estate agents.

Agent Pronto analyzes transaction data, agent specialties, and client reviews to handpick the best agents in your area. Updated for July 2026. *


* Sales data is calculated based on transaction information available to Agent Pronto at the time of publishing and may not accurately reflect all transactions for a given agent.

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Lake Somerset real estate Market Report.

Information and statistics on the latest trends in the Lake Somerset real estate market. *

Latest Rolling 3-Month Snapshot

Mar 1, 2026 - May 31, 2026

Median sale price
$324K
+4.8% from Q1 '26
Median list price
$263K
-16% from Q1 '26
Active listings
16
-30% from Q1 '26
Homes sold
10
+25% from Q1 '26
New pendings
10
-23% from Q1 '26
New listings
9
-44% from Q1 '26

Quarterly Pricing Trends for Lake Somerset

Rolling three-month data ending on quarter boundaries when available.

Quarterly Pricing Trends for Lake Somerset Q2 '21 Q2 '22 Q2 '23 Q2 '24 Q2 '25 Q1 '26 Median sale price in Apr 2021 - Jun 2021: $207K Median sale price in Jul 2021 - Sep 2021: $253K Median sale price in Oct 2021 - Dec 2021: $265K Median sale price in Jan 2022 - Mar 2022: $225K Median sale price in Apr 2022 - Jun 2022: $272K Median sale price in Jul 2022 - Sep 2022: $252K Median sale price in Oct 2022 - Dec 2022: $292K Median sale price in Jan 2023 - Mar 2023: $334K Median sale price in Apr 2023 - Jun 2023: $246K Median sale price in Jul 2023 - Sep 2023: $295K Median sale price in Oct 2023 - Dec 2023: $264K Median sale price in Jan 2024 - Mar 2024: $261K Median sale price in Apr 2024 - Jun 2024: $249K Median sale price in Jul 2024 - Sep 2024: $400K Median sale price in Oct 2024 - Dec 2024: $282K Median sale price in Jan 2025 - Mar 2025: $256K Median sale price in Apr 2025 - Jun 2025: $295K Median sale price in Jul 2025 - Sep 2025: $272K Median sale price in Oct 2025 - Dec 2025: $263K Median sale price in Jan 2026 - Mar 2026: $309K Median list price in Apr 2021 - Jun 2021: $200K Median list price in Jul 2021 - Sep 2021: $267K Median list price in Oct 2021 - Dec 2021: $267K Median list price in Jan 2022 - Mar 2022: $250K Median list price in Apr 2022 - Jun 2022: $270K Median list price in Jul 2022 - Sep 2022: $269K Median list price in Oct 2022 - Dec 2022: $305K Median list price in Jan 2023 - Mar 2023: $284K Median list price in Apr 2023 - Jun 2023: $265K Median list price in Jul 2023 - Sep 2023: $245K Median list price in Oct 2023 - Dec 2023: $299K Median list price in Jan 2024 - Mar 2024: $269K Median list price in Apr 2024 - Jun 2024: $275K Median list price in Jul 2024 - Sep 2024: $255K Median list price in Oct 2024 - Dec 2024: $315K Median list price in Jan 2025 - Mar 2025: $293K Median list price in Apr 2025 - Jun 2025: $292K Median list price in Jul 2025 - Sep 2025: $255K Median list price in Oct 2025 - Dec 2025: $324K Median list price in Jan 2026 - Mar 2026: $315K Apr 2021 - Jun 2021 Median sale price $207K Median list price $200K Jul 2021 - Sep 2021 Median sale price $253K Median list price $267K Oct 2021 - Dec 2021 Median sale price $265K Median list price $267K Jan 2022 - Mar 2022 Median sale price $225K Median list price $250K Apr 2022 - Jun 2022 Median sale price $272K Median list price $270K Jul 2022 - Sep 2022 Median sale price $252K Median list price $269K Oct 2022 - Dec 2022 Median sale price $292K Median list price $305K Jan 2023 - Mar 2023 Median sale price $334K Median list price $284K Apr 2023 - Jun 2023 Median sale price $246K Median list price $265K Jul 2023 - Sep 2023 Median sale price $295K Median list price $245K Oct 2023 - Dec 2023 Median sale price $264K Median list price $299K Jan 2024 - Mar 2024 Median sale price $261K Median list price $269K Apr 2024 - Jun 2024 Median sale price $249K Median list price $275K Jul 2024 - Sep 2024 Median sale price $400K Median list price $255K Oct 2024 - Dec 2024 Median sale price $282K Median list price $315K Jan 2025 - Mar 2025 Median sale price $256K Median list price $293K Apr 2025 - Jun 2025 Median sale price $295K Median list price $292K Jul 2025 - Sep 2025 Median sale price $272K Median list price $255K Oct 2025 - Dec 2025 Median sale price $263K Median list price $324K Jan 2026 - Mar 2026 Median sale price $309K Median list price $315K
Median sale price
Median list price
* Data provided by Redfin, a national real estate brokerage.
16
Seller’s Market
Seller’s Market
Buyer’s Market
0
25
50
75
100

Market gauge is calculated using active listings and pending sales from the most recently available reporting period (Mar 2026 - May 2026).

Inventory in Lake Somerset has tightened in the latest rolling three-month view, with active listings down more than 20 percent year over year and just 16 homes on the market. New listings have also fallen sharply from a year ago, dropping more than a third, which helps explain the low 1.9 months of supply and seller’s market conditions. Even with fewer options, homes are taking around 31 days to go under contract on typical, and nearly 40 percent are still going off the market within two weeks.

Contract activity is holding up better than listing activity, as pending sales have inched slightly higher year over year, even though closed sales are down from last year. Compared with the broader Lakeland area, Lake Somerset has tighter inventory and lower months of supply than the citywide level of 3.8 months, reinforcing its position as a relatively strong spot for sellers.

Prices are reacting to this mix of low supply and steady demand, with the typical home value around $324,000 and up nearly 10 percent from a year ago. At the same time, the median list price has moved lower year over year, and the average sale-to-list ratio has slipped to about 97 percent, signaling that sellers may be adjusting expectations to meet buyers. With only about 10 percent of homes selling above list price, both buyers and sellers in Lake Somerset can benefit from an Agent Pronto-recommended real estate agent who understands these nuances and can guide them through the process.



Learn more about what Lake Somerset has to offer.

Lake Somerset offers residents a welcoming, well-connected community with convenient amenities, pleasant parks, and ample opportunities for outdoor recreation.

Lake Somerset offers a quieter, more intimate alternative to some of the busier Lakeland neighborhoods, with its centerpiece private lake setting it apart from nearby areas like Lakeland and Polk County. Tree-lined streets, established homes, and consistent pride of ownership create a close-knit feel that appeals to both long-time residents and newcomers looking for stability.

Residents enjoy convenient access to everyday essentials along South Florida Avenue, as well as larger retail options near the Lakeside Village shopping area. Outdoor time often extends beyond the lake itself, with popular destinations such as Common Ground Playground and Holloway Park just a short drive away. Families appreciate proximity to local schools within Polk County Public Schools and the broader educational and cultural offerings around Downtown Lakeland, including Lakeland Public Library and nearby Florida Southern College.

The housing stock in Lake Somerset is primarily single-family homes, often with mature landscaping and floor plans suited to everyday living rather than short-term turnover. Inventory can be limited, and well-prepared buyers who understand local pricing trends are best positioned to act quickly. For homeowners, timing a sale around neighborhood demand and thoughtful presentation of lake access or outdoor space can significantly impact results. Agent Pronto can connect both buyers and sellers in Lake Somerset with an agent who understands the area’s character and how to navigate this competitive pocket of the Lakeland market.

Find your Lake Somerset real estate agent today →


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“Mình được người quen giới thiệu Thắng và rất vui khi được làm việc cùng Thắng. Thắng rất tận tâm, vui vẻ, luôn lắng nghe nhu cầu của khách hàng và hỗ trợ rất nhiệt tình trong suốt quá trình tìm nhà. Không tạo áp lực, luôn tư vấn rõ ràng để mình có thể đưa ra quyết định phù hợp. Nếu bạn đang tìm realtor nói tiếng Việt được tại Orlando, mình rất recommend Thắng”

Kim · Altamonte Springs, FL

Photo of Duc Thang Nguyen
Alliance Real Estate Group
“She listened and understood what was needed/wanted. She was aggressive with offers and getting compensations. Would use her again.”

Aishah Bartolome · Kissimmee, FL

Photo of Cassandra Kelly
Century 21 Wolfs Crossing Realty
“10/10 realtor for new construction! We built a home with KB Home over in Weeki Wachee Florida, and we had heard how important it was to have a realtor who understood inspections. We hired Rich because this is where he specializes, and he did not disappoint. He was truly with us every step of the way and guided us not only through hiring inspectors, but educated us on what to look for when noticing potential problems. Rich is a wealth of knowledge and won’t ever leave you hanging. In fact, I don’t think I have ever seen a realtor as passionate and invested in the process. This guy will look out for you. Another great part, as a buyer, his services are free to you because the builder pays him all of his commission. It is honestly just silly not to have him by your side for guidance and support. He may also make you laugh from time to time. 😅 Thank you for everything you did for us and helping us build our dream new construction home in the Tampa Bay area!”

Shauna Kelley · Weeki Wachee, FL

Photo of Rich Noto
Dalton Wade Real Estate Group
“Paula was absolutely wonderful to work with. She was always available to answer questions and helped me through the whole process. I highly recommend her!”

Claudia Deliteris · Apollo Beach, FL

Photo of Paula McConahay
Century 21 Affiliated
“Elizabeth did an outstanding job helping me sell my home. From the beginning, she was professional, proactive, and very knowledgeable about the market. She guided me through every step, gave great advice, and made the entire process smooth and stress-free. Thanks to her experience and dedication, everything moved quickly and efficiently. I’m very grateful for her help and would definitely recommend Elizabeth to anyone looking to sell their home.”

Yasmany Gonzalez · Gibsonton, FL

Photo of Elizabeth Colon
eXp Realty
“I would like to thank Century 21 and Mrs. Valentina Moreno For her services she was very instrumental in helping my wife and me with our first Home. She was very informative with the process Very eager and motivated So we are very happy with our new home in the Connerton community of Land O Lakes Florida. Sincerely, Mr. & Mrs Diaz”

Edgardo & Lourdes Diaz · Land O Lakes, FL

Photo of Valentina Moreno
Century 21 Circle
“Cory did an excellent job from start to finish. He was professional, responsive, and made the entire process smooth and stress-free. I really appreciated his attention to detail and clear communication. Highly recommend working with him.”

Matt · Tampa, FL

Photo of Cory McMillan
Exp Realty
“Becky was incredible to work with and helped us not only with the purchase of our home in Florida, but was a huge help through our whole process of moving from Minnesota and even assisted with finding a rental until we could find a place to build. Truly went above and beyond and took the time to really understand what we want. Highly recommend!”

Dustin · Lakewood Ranch, FL

Photo of Becky Gonzales
RE/MAX Profere
“Sam sheen realty was FANTASTIC !! I COULDN'T HAVE ASKED FOR BETTER AGENTS”

Laurie W. · Dade City, FL

Photo of Sam Sheen
Sheen Real Estate Professionals
“Yandy Estrada was an excellent choice for us to help us buy our house, he helped and guided us every step of the way. Their trust and professionalism made every step of this adventure very easy. Definitely in our next investment I would choose Yandy Estrada and Rosa Leon again.”

Zahima · Spring Hill, FL

Photo of Yandy Estrada
Century 21 Century21 Rosa Leon
“I had a very lovely experience buying my first home with agent Jose Meija. I recommend him for any future homebuyers. When we first met, he went out of his way to sit down and explain the process in detail to me. When I decided on a home, he was supportive through the lender and closing process, despite many hiccups along the way.”

Daniella T. · Wesley Chapel, FL

Photo of Jose Mejia
McBride, Kelly & Associates Realty
“Best service out there! First time user and they are so responsive and professional! Truly appreciate Mr. Durham. He is the best of the best!!! We are in our beautiful home because of you! Thank you!”

Chris S. · Lakeland, FL

Photo of Darrell   Durham
Darrell Durham, Licensed Real Estate Broker
“Kevin was very kind, listened, responded to all my questions, and got my house listed with beautiful pictures to show the beauty of my house. All went as smooth as possible!”

Ann O. · Avon Park, FL

Photo of Kevin Jacobs
Keller Williams South Shore
“Extremely helpful and attentive to our issues and needs. Went above and beyond to be sure we had a stress-free experience! ”

Pat H. · Davenport, FL

Photo of Anarumo Group
Florida Realty Marketplace
“Larry is by far the most AMAZING Realtor. He was always very responsive to my calls, texts, request, etc. We built up such a great relationship through this crazy process, that even after we closed on our new home, he reached out to check on us. He is always looking to get the best deal for his clients. He is like family now to us and will always have his own seat next to the firepit in our backyard. I would DEFINETLY recommend Larry to anyone and everyone looking to buy or sell. AMAZING.. Can't say enough Great things about Larry.”

Kathleen and Joe · Wheaton, IL

Photo of Larry Lazar
Charles Rutenberg Realty Charles Rutenberg
“Very impressed by his professionalism and desire to help. Always available and attentive to answer any question l had in a clear and simple way.”

Yamile Cuyun · Miami, FL

Photo of Mario Simauchi
Top Listing Group by eXp Realty
“We were SO fortunate to receive a call from Lottie Creech who responded to my inquiry on your site. Mrs. Creech is sweet, kind, knowledgeable and diligent. She guided us through a home search, connecting us with a very qualified home inspector resulting in our successfully purchasing a fabulous home with extensive grounds in the Lake Bernadette community. Anyone engaging Lottie Creech to assist them will be thankful they did.”

Ruth M. · Zephyrhills, FL

Photo of Lottie  Creech
LPT Realty PARAMOUNT HOME GROUP
“Buffy was amazing!! We began the process back in March and we lived in Missouri at the time. She would send us listings and we let her know what we liked and what we didn't like so by the time we traveled to Florida she knew exactly what we looking for and hit the nail on the head with the 2nd house she showed us. She kept in touch with us through the whole process and researched everything for us from financing to utilities and cable TV. I couldn't be happier with Buffy, she did it all and made us feel like we were her only customer even though we knew that wasn't true. She deserves a million stars!!”

Paulette P. · Lake Wales, FL

Photo of Residential Matchmakers
Residential Matchmakers LLC
“Working with Lakeia was a pleasure, she kept me informed every step on the way. She recommended a lender who not only provided great service but was able to close my VA loan in just only two weeks... If your thinking about buying or selling a home I would recommend Lakeia May with Century 21”

Mark · Haines City, FL

Photo of Lakeia  May
Fathom Realty FL LLC

Frequently Asked Questions

There are more than 2 million real estate agents across the U.S., and you want to be sure the one you partner with is an experienced and trustworthy professional with strong local expertise covering the housing market in and around Lake Somerset. Working with a proven agent will help you sell your home faster and for more money, and help you find your dream home at the best possible price.


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