Lake City, FL housing market

The median sale price in Lake City, FL was $189K in May 2026, down 29.9% year over year, measured across homes that actually closed that month (Redfin). The three months through May 2026 averaged $222K, easing from $254K across the three months before that. That puts prices 23.4% below the strongest three-month stretch on record here, which ended in Nov 2023 at $289K. Zillow's home value index, which models the entire housing stock rather than only the homes that changed hands, reads $268K for Jun 2026, up 0.5% year over year.

Buyers had 58 homes to choose from in May 2026, up 1.8% year over year (Redfin). At the current sales pace that standing inventory works out to 29.0 months of supply; convention treats four to six months as a balanced market, which puts Lake City, FL on the buyers' side of it. 8 homes came to market in May 2026, against 2 closings. Homes that sold in May 2026 took a median of 74 days to go under contract, 35 days faster than this market's usual May pace.

Competition is measurable in the closings themselves: 0.0% settled above asking, and the average sale landed at 99% of its final list price. 24% of listings carried a price cut in May 2026.

This page tracks 10 monthly housing series for Lake City, FL — median sale price, ZHVI home value, inventory (active), median days on market, months of supply, homes sold, and more — sourced from Redfin, Zillow ZHVI, running from Aug 2016 through Jun 2026. Chart any of them below, switch between levels and year-over-year change, or add nearby Florida markets to compare side by side.