Is Lake Panasoffkee, FL a buyer’s or seller’s market?

Housing Market Conditions



Gauge showing Lake Panasoffkee is a seller's market


Difference Since April 2022

Since last year, Lake Panasoffkee has remained a Seller's Market.

Key Takeaway

Lake Panasoffkee is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

How much do homes in Lake Panasoffkee, FL cost?

Median Sold Price



Based on all homes sold in the last 12 months.

Difference Since April 2022


Key Takeaway

Homes in Lake Panasoffkee have sold for 33.6% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSApr 2022Apr 2023%
1 $120K$90K
2 $165K$199.9K
3 $208.9K$270K
4 $387.4K$270K
5+ --

Median Sold Price Compared To Nearby Cities

Lake Panasoffkee
Bushnell-Center Hill
Floral City

How many homes are available in Lake Panasoffkee, FL?

Number of Homes For Sale

Mar 2023Apr 2023%

Homes For Sale By Bedroom Count

# BEDSMar 2023Apr 2023%
1 22
2 1014
3 1212
4 21
5+ 33

Number of Homes Sold

Mar 2023Apr 2023%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

4 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Lake Panasoffkee, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Average Sale Time

Apr 2022Apr 2023%
103 Days55 Days-46.1%

Breakdown of Home Sale Times

5 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

3 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Lake Panasoffkee are selling fast, if you're buying plan to act quickly.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

About Lake Panasoffkee, FL

There are 32 homes are for sale in Lake Panasoffkee, FL real estate market. Between March 2023 and April 2023, Lake Panasoffkee, FL real estate market has seen increase in the number of listings by 10.3%. Listings spent 55 days on the market in April 2023, and had a median list price of $252,500 during the same period. Listing prices have changed in this real estate market between March 2023 and April 2023: prices of 1 bedroom properties decreased by 25%, 2 bedrooms properties became 21.2% more expensive, 3 bedrooms properties became 29.2% more expensive, the cost of 4 bedrooms properties went down by 30.3%, the cost of 5 bedrooms properties went up by 0%. Volume of homes for sale changed: 1 bedroom homes inventory did not change, the quantity of 2 bedrooms homes went up by 40%, number of 3 bedrooms homes remained the same, number of 4 bedrooms homes decreased by 50%, 5 bedrooms homes inventory did not change. Lake Panasoffkee, FL housing market in April 2023 saw over 0 listings sold above listed price, more than 4 sold at listed price and over 4 sold below.

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