Is Lake City, GA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Lake City is a seller's market

Buyer's
Market

Difference Since Last Month

Last month, Lake City was a Neutral Market.

Key Takeaway

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

How much do homes in Lake City, GA cost?

Median Sold Price

$115,000

$112/sqft

Based on all homes sold in April 2022.

Difference Since Last Month

-$95,000(-45.2%)

Key Takeaway

Homes in Lake City have sold for 45.2% less than they did a month ago.

Median Sold Price By Bedroom Count

# BEDSMar 2022Apr 2022%
1 --
N/A
2 -$100K
N/A
3 $210K$212K
+1.0%
4 --
N/A
5+ --
N/A

How many homes are available in Lake City, GA?

Number of Homes For Sale

Mar 2022Apr 2022%
68+33.3%

Homes For Sale By Bedroom Count

# BEDSMar 2022Apr 2022%
1 00
0.0%
2 24
+100.0%
3 33
0.0%
4 11
0.0%
5+ 00
0.0%

Number of Homes Sold

Mar 2022Apr 2022%
13+200.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Lake City, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.

Average Sale Time

Mar 2022Apr 2022%
10 Days19 Days+96.7%

Breakdown of Home Sale Times

3 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Lake City 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 City, GA

There are 8 homes are for sale in Lake City, GA real estate market. The number of homes for sale in Lake City, GA increased by 33.3% between March 2022 and April 2022. In April 2022 median list price was $115,000 and the average listing age was 19 days. Between April 2021 and April 2022, listing prices of homes in this real estate market have seen the following changes: 1 bedroom properties prices increased by 0%, prices of 2 bedrooms properties went up by 0%, 3 bedrooms properties became 1% more expensive, prices of 4 bedrooms properties went up by 0%, prices of 5 bedrooms properties went up by 0%. The following changes in the number of homes for sale were observed in this housing market: 1 bedroom homes did not move, volume of 2 bedrooms homes went up by 100%, the quantity of 3 bedrooms homes have not changed, volume of 4 bedrooms homes stayed the same, 5 bedrooms homes did not move. While more than 1 listings in Lake City, GA in April 2022 were sold above asking price, there were more than 0 listings sold at asking price, and more than 2 were sold below.

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