Lake City, FL Home Values & Market Trends

Real estate market trends reflect that there have been 745 transactions over the past year in Lake City. The median value for residential home transactions that occurred over the previous year is $252,578.29. The number of current listings in Lake City is 104, and the percentage of properties for sale in the city is 104.00%. Lake City, FL currently has 19 properties in foreclosure, 2 bank owned properties, 8 properties headed for auction, and 104 properties for sale.

Lake City, FL Real Estate Market Overview

ZipMedian Est. ValueZipMedian Est. Value
32025

$ 236,935

$ 147/sqft

32024

$ 318,004

$ 185/sqft

32055

$ 370,162

$ 159/sqft

Housing Market Summary for Lake City, FL

Mar 2023February 2024Change
Median Listing Price$249.9K$254.2K1.71%
Median Sold Price$250.8K$254.2K1.35%
Homes For Sale112106-5.36%
Homes Sold469402-14.29%
Price
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Homes For Sale
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Price Per Square Foot

On an average, Single Family homes cost $33 more per sqft than Condos. In comparison with sales price/sqft last week, list price/sqft of Single Family homes increased by 1.93% whereas, list price/sqft of Condos increased by 9.38%.

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Browse Homes in Lake City, FL

Lake City home values range from $24,169 to $7,573,053. The median estimated value of a home in Lake City is $252,578.29. The median list price of a home is 274,450, and the total count of properties in the city is 18,067.

Foreclosure
There are 3 zips within Lake City, FL; within these zips, the median estimated home value for homes in foreclosure ranges from $291,412 in 32025 to the lowest value of $83,608 in 32025. Foreclosure homes account for 0.00% of properties in Lake City, FL with 32025 containing 9 foreclosures, the highest number of foreclosure properties in a single zip.
  • Pre-Foreclosure
    Pre-foreclosure homes account for 0.05% of all residential properties in Lake City, FL with 32025 containing 4 pre-foreclosures, the highest number of pre-foreclosure properties in a single zip. There are 3 zips within Lake City, FL; of those zips, the estimated home value for pre-foreclosure homes ranges from $365,946 in 32025 to the lowest home value of $115,942 in 32055.
  • Bank Owned
    The median estimated home value of bank owned homes (REO properties) in Lake City, FL ranges from the highest value of $202,400 in 32055 to the lowest value of $83,608 in 32025. Bank owned homes and properties account for 0.01% of properties in Lake City, FL. There are 3 zips within Lake City, FL; 32055 containing 1 REO properties, has the highest number of bank owned properties in a single zip.
  • Auctions
    32025 has 4 auction properties, the highest number of properties going to auction in a single zip in the state of Lake City, FL. Auction homes and other auction properties account for 0.04% of all properties in Lake City, FL. There are 3 zips within Lake City, FL; of those zips, the median estimated home value for homes going to auction ranges from $331,406 in 32024 to the lowest value of $110,766 in 32024.
Homes for Sale
Homes and properties that are actively listed for sale account for 0.58% of residential properties in Lake City, FL with 32025 containing 38 homes for sale, the highest number of listed properties in a single zip. There are 3 zips within Lake City, FL; homes for sale in those zips, have a range of median values from $525,000 in 32024 to the lowest value of $52,020 in 32055.
    Sold Homes
    The median value for recently sold homes ranges from $1,794,636 in 32055 to the lowest price of $24,169 in 32055. There are 3 zips within Lake City, FL. 32024 has 155 recently sold homes, the highest number of recently sold properties in a single zip. Recently sold homes and properties account for 2.22% of properties in Lake City, FL.

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      Guide for Lake City, FL

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