In August 2026, the median home sale price in Lake City, FL was $275,000, with homes selling in an average of 98 days — slower than the 80-day average last year, suggesting buyers have more negotiating room. A total of 128 homes sold in this period, up from 110 last year — a sign of an active market.
The median list price of Lake City, FL, was $395,000 in August 2026, compared to $285,000 in August 2025.
Lake City, FL Market Trend for Houses
Median List Price
The median list price of houses in Lake City, FL, was $414,400 in August 2026, compared to $344,000 in August 2025.
Lake City, FL Market Trend for Condos / Townhouses / Penthouses
Median List Price
The median list price of condos/co-ops in Lake City, FL, was $0 in August 2026, compared to $0 in August 2025.
Lake City, FL Market Trend for Lots/Land
Median List Price
The median list price of lots/land in Lake City, FL, was $117,500 in August 2026, compared to $80,000 in August 2025.
Lake City, FL Market Trend for Commercial
Median List Price
The median list price of commercial in Lake City, FL, was $770,000 in August 2026, compared to $995,000 in August 2025.
Lake City, FL Housing Market Analysis
There are currently 89 homes listed for sale in Lake City, FL, an increase of 74.51% compared to 2025. With inventory tight relative to sales volume, sellers are in a strong position. The median asking price is $512,184 (up 34.48% year-over-year), and the average price per square foot is $177 compared to $169 in 2025. Properties spend an average of 166 days on the market before going under contract.
