Is Lake City, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Lake City has remained a Seller's Market.
Housing Prices in Lake City, FL
How much do homes in Lake City, FL cost?
Median Sold Price
$262,500
$166/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Lake City was $262,500 in April 2024, up 5% from last year, and the median price per square foot was $166.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $19.5K | N/A |
2 Bedrooms | $92K | $152.5K | +65.8% |
3 Bedrooms | $230K | $256.1K | +11.4% |
4 Bedrooms | $361.3K | $351.5K | -2.7% |
5+ Bedrooms | $370.5K | $324.9K | -12.3% |
Summary: Lake City housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 65.8%, 3 bedroom homes increased by 11.4%, 4 bedroom homes decreased by 2.7%, and 5+ bedroom homes decreased by 12.3%.
Housing Supply in Lake City, FL
How many homes are available in Lake City, FL?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
64 | 63 | -1.6% |
Summary: The Lake City real estate market had 63 homes for sale in April 2024, a 1.6% decrease compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 8 | 10 | +25.0% |
3 Bedrooms | 36 | 30 | -16.7% |
4 Bedrooms | 19 | 21 | +10.5% |
5+ Bedrooms | 1 | 2 | +100.0% |
Summary: The Lake City housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 25%, 3 bedroom homes decreased by 16.7%, 4 bedroom homes increased by 10.5%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
10 | 11 | +10.0% |
Asking Price vs. Sold Price
11 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 11 homes were sold or pending in Lake City in April 2024, up by 10.0% month-over-month. Of the 11 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Lake City, FL
How long does it take to sell a home in Lake City, FL?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
67 Days | 72 Days | +8.0% |
Summary: Homes in Lake City had an average of 72 days on market in Apr 2024, up by 8% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
8 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During April 2024, 11 homes were sold in Lake City; 0% of homes were sold within 30 days, 73% of homes were sold within 30 to 90 days, and 27% of homes were sold over 90 days.