Lake City Housing Market: Stats & Trends

How does the housing market look in Lake City? Take a look at up-to-date home sale trends like the latest home sale prices, new listings, and more.

Median Sale Price

$226,580

4.3%

New Listings

33.3%

Number of Homes Sold

33.3%

Median Days on Market

47.1%

Market Overview

In the last 30 days, homes for sale in Lake City, GA sold for a median price of $226,580, down 4.3% compared to the same period last year. The median price per square foot was $205.79, up 14.5% year-over-year. There were 2 homes sold, down from 3 last year.

What does this mean?

The median sale price helps you understand how much you should expect to spend on a home in a market. The higher the median price of the homes, the more expensive the market is overall. The rate at which home prices change is an indicator of whether homes are becoming more or less affordable in that market. Learn more about buying a home.

Real Estate Market Report Home Valuation Illustration

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Housing Supply

Yesterday, the total number of homes for sale in Lake City, GA was 7. In the last 30 days, 4 new homes were listed for sale, down 33.3% year-over-year. The median days on market was 3, down from 5.67 days last year. The months of supply was 2.5, up from 2 months last year.

What does this mean?

The number of homes that are available for sale in a market tells you how much choice you have. The rate at which this number changes indicates whether the number of options are increasing or decreasing for buyers. Learn more about buying in a hot market.

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Housing Demand

In the last 30 days, homes in Lake City, GA had a median sale-to-list-price ratio of 102.99%, up 1.5 pt compared to the same period last year. 100% of homes sold above list price, up 66.7 pt year-over-year. 0% of homes listed dropped in price, same as last year.

What does this mean?

Sale-to-list price tells you how much you may have to pay over the asking price to buy the home you want. When this number is above 100%, you may need to pay more than the asking price for the home you want.