Lake City, FL metro area Housing Market
Cold MarketComprehensive housing market data for the Lake City, FL metro area metro area. Track home prices, inventory, days on market, and competition — updated monthly for real estate investors.
Data period: January 2026
Median Sale Price
$315K
↑ 13.3% YoY
Days on Market
57 days
↓ 1.7% YoY
Active Inventory
228
↑ 12.3% YoY
Homes Sold
17
↓ 55.3% YoY
Cold Market
Inventory is high and homes are sitting longer — a buyer's market.
Lake City, FL metro area Market Summary
The Lake City, FL metro area housing market is cooling down. As of January 2026, the median home sale price is $315K, up 13.3% year-over-year. Homes are spending a median of 57 days on the market, 1.7% shorter than a year ago.
There are 228 homes for sale — 12.3% more than last year. With 13.4 months of supply, this is a buyer's market. 48 new listings were added during this period, down 23.8% year-over-year.
Homes are selling for 94.4% of their list price on average, suggesting room for negotiation. 11.8% of homes sell above their asking price. 26.8% of listings have had a price drop.
Market Opportunity Score
Based on current market conditions
93
Contributing Factors
How This Market Compares
vs. National Median
vs. Florida Median
Investor Takeaway
The cooling market may present buying opportunities with less competition and more negotiating leverage. High inventory relative to sales pace means buyers have options and sellers may be flexible on price. A significant share of sellers are cutting prices, which can signal motivated sellers and potential deals. Prices are 26% below the national median, which could indicate stronger cash flow potential.
Lake City, FL metro area Market Trends
Median Sale Price
Median Days on Market
Active Inventory
Homes Sold
Price per Square Foot
Sale-to-List Ratio
New Listings
Listings with Price Drops
Detailed Market Metrics
Median List Price
$335K
Price per Sq Ft
$163
Sale-to-List Ratio
94.4%
Months of Supply
13.4
Sold Above List
11.8%
Price Drops
26.8%
New Listings
48
↓ 23.8% YoY
Pending Sales
36
Off Market in 2 Weeks
19.4%
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Try It FreeHousing market data provided by Redfin, a national real estate brokerage. Not financial advice. Always consult a qualified professional before making investment decisions.