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: March 2026
Median Sale Price
$310K
↑ 9.3% YoY
Days on Market
106 days
↑ 116.3% YoY
Active Inventory
230
↑ 16.8% YoY
Homes Sold
21
↓ 56.2% 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 March 2026, the median home sale price is $310K, up 9.3% year-over-year. Homes are spending a median of 106 days on the market, 116.3% longer than a year ago.
There are 230 homes for sale — 16.8% more than last year. With 11.0 months of supply, this is a buyer's market. 62 new listings were added during this period, up 8.8% year-over-year.
Homes are selling for 97.0% of their list price on average, suggesting room for negotiation. 14.3% of homes sell above their asking price. 20.9% of listings have had a price drop.
Market Opportunity Score
Based on current market conditions
88
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 29% below the national median, which could indicate stronger cash flow potential.
Lake City, FL metro area Market Trends
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Detailed Market Metrics
Median List Price
$377K
Price per Sq Ft
$181
Sale-to-List Ratio
97.0%
Months of Supply
11.0
Sold Above List
14.3%
Price Drops
20.9%
New Listings
62
↑ 8.8% YoY
Pending Sales
58
Off Market in 2 Weeks
22.4%
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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.