Lake City, FL Home Values & Market Trends
Real estate market trends reflect that there have been 788 transactions over the past year in Lake City. The median value for residential home transactions that occurred over the previous year is $248,492.47. The number of current listings in Lake City is 137, and the percentage of properties for sale in the city is 137.00%. Lake City, FL currently has 148 properties in foreclosure, 1 bank owned properties, 8 properties headed for auction, and 137 properties for sale.
Lake City, FL Real Estate Market Overview
Housing Market Summary for Lake City, FL
| Apr 2023 | March 2024 | Change | |
|---|---|---|---|
| Median Listing Price | $280K | $242.1K | -13.52% |
| Median Sold Price | $235.4K | $242.1K | 2.88% |
| Homes For Sale | 107 | 117 | 9.35% |
| Homes Sold | 513 | 441 | -14.04% |
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%.
Recently Sold Homes
Explore recent offers and recently sold homes in Lake City, FL
Browse Homes in Lake City, FL
Lake City home values range from $26,780 to $7,310,000. The median estimated value of a home in Lake City is $248,492.47. The median list price of a home is 269,900, and the total count of properties in the city is 18,069.
- Pre-ForeclosurePre-foreclosure homes account for 0.77% of all residential properties in Lake City, FL with 32024 containing 52 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 $759,440 in 32025 to the lowest home value of $51,398 in 32055.
- Bank OwnedThe median estimated home value of bank owned homes (REO properties) in Lake City, FL ranges from the highest value of $237,856 in 32055 to the lowest value of $237,856 in 32055. 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.
- Auctions32025 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 $298,363 in 32024 to the lowest value of $104,777 in 32024.
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Guide for Lake City, FL
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