Lake City, PA Home Values & Market Trends

Real estate market trends reflect that there have been 48 transactions over the past year in Lake City. The median value for residential home transactions that occurred over the previous year is $181,607.58. The number of current listings in Lake City is 3, and the percentage of properties for sale in the city is 3.00%. Lake City, PA currently has 2 properties in foreclosure, 1 bank owned properties, 1 properties headed for auction, and 3 properties for sale.

Lake City, PA Real Estate Market Overview

ZipMedian Est. Value
16423

$ 169,900

$ 145/sqft

Housing Market Summary for Lake City, PA

Mar 2023February 2024Change
Median Listing Price$175K$148.6K-15.10%
Median Sold Price$180K$148.6K-17.46%
Homes For Sale95-44.44%
Homes Sold2621-19.23%
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, PA

Lake City home values range from $20,464 to $4,515,028. The median estimated value of a home in Lake City is $181,607.58. The median list price of a home is 169,900, and the total count of properties in the city is 1,554.

Foreclosure
There is 1 zips within Lake City, PA; within this zips, the median estimated home value for homes in foreclosure ranges from $148,085 in 16423 to the lowest value of $122,241 in 16423. Foreclosure homes account for 0.00% of properties in Lake City, PA with 16423 containing 2 foreclosures, the highest number of foreclosure properties in a single zip.
  • Pre-Foreclosure
    Pre-foreclosure homes account for 0% of all residential properties in Lake City, PA with $[pre-foreclosures-highest-count-region] containing 0 pre-foreclosures, the highest number of pre-foreclosure properties in a single zip. There is 1 zips within Lake City, PA; of that zips, the estimated home value for pre-foreclosure homes ranges from $0 in N/A to the lowest home value of $0 in $[pre-foreclosures-lowest-avm-region].
  • Bank Owned
    The median estimated home value of bank owned homes (REO properties) in Lake City, PA ranges from the highest value of $148,085 in 16423 to the lowest value of $148,085 in 16423. Bank owned homes and properties account for 0.06% of properties in Lake City, PA. There is 1 zips within Lake City, PA; 16423 containing 1 REO properties, has the highest number of bank owned properties in a single zip.
  • Auctions
    16423 has 1 auction properties, the highest number of properties going to auction in a single zip in the state of Lake City, PA. Auction homes and other auction properties account for 0.06% of all properties in Lake City, PA. There is 1 zips within Lake City, PA; of that zips, the median estimated home value for homes going to auction ranges from $122,241 in 16423 to the lowest value of $122,241 in 16423.
Homes for Sale
Homes and properties that are actively listed for sale account for 0.19% of residential properties in Lake City, PA with 16423 containing 3 homes for sale, the highest number of listed properties in a single zip. There is 1 zips within Lake City, PA; homes for sale in that zips, have a range of median values from $349,900 in 16423 to the lowest value of $139,900 in 16423.
    Sold Homes
    The median value for recently sold homes ranges from $396,981 in 16423 to the lowest price of $51,280 in 16423. There is 1 zips within Lake City, PA. 16423 has 20 recently sold homes, the highest number of recently sold properties in a single zip. Recently sold homes and properties account for 1.29% of properties in Lake City, PA.

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      Guide for Lake City, PA

      Market Reports
      Philadelphia Real Estate Market Sees Winter Downturn: 2023 Peak Gives Way to Softening Prices in 2024
      RealtyTrac Market Report
      Pennsylvania
      Philadelphia Property Market on the Rise: A Year of Price Gains and Evolving Buyer Challenges
      Home Buying Guides & Tips
      Pennsylvania Foreclosure Laws
      Home Buying Financing
      How To Get House Mortgage With Low Credit Score
      See More Articles
      Philadelphia Real Estate Market Sees Winter Downturn: 2023 Peak Gives Way to Softening Prices in 2024
      Market Reports|posted 28 February 2024

      Philadelphia saw fluctuations in property values, price per square foot, and number of homes sold for the last 12 months.

      RealtyTrac Market Report
      Philadelphia Property Market on the Rise: A Year of Price Gains and Evolving Buyer Challenges
      Pennsylvania|posted 7 December 2023

      Explore Philadelphia’s evolving property market in our latest blog post, where we analyze the notable trends in property values, cost per square foot, and the complexity of average sold prices within the city’s vibrant real estate landscape.

      Pennsylvania Foreclosure Laws
      Home Buying Guides & Tips|posted 6 June 2013

      Pennsylvania Foreclosure Laws

      How To Get House Mortgage With Low Credit Score
      Home Buying Financing|posted 22 March 2024

      Learn how to secure a house mortgage even with a low credit score.

      Recently Listed Homes Lake City, PA

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