Photo: Excel23 · CC BY-SA 3.095 homes sold in Lake City in the last year, at a typical $216K
Almost every sale is a house. Below: what each kind of home sells for, what your budget buys, the best months to buy, how hard you’ll have to bid, and a shortcut to every site where Lake City homes are listed.
Every place Lake City homes are listed, in one stop
We don’t copy listings: the agents’ sites have the photos and the latest price changes. Set what you want once and we open each site already filtered to Lake City.
For sale
Rent
New, land & open houses
Links open the listing sites; TownRatings isn’t paid for them and doesn’t rank one above another. Rentals and government-owned homes come from sources outside the MLS.
Houses are 95% of Lake City’s sales, at a typical $223K (year to May 2026)
95 homes sold in the year to September 2026.
typical sale · 98 sold in the year to May 2026
- Per square foot
- $139FL $245
- Days to sell
- 78
- Sold over asking
- 13%
- Listings with a price cut
- 28%
Multi-family (2–4 units): 5 sold, typical $523K
Too few sales in 12 months for reliable figures.
Fewer homes sell than before 2022, at 2.3 times the 2016 price
95 sales in the last year, against 182 in 2021 and a low of 70 in 2014. The typical sale went from $92K in 2016 to $216K.
Source: Redfin Data Center, MLS sales; from June 2026 each month is a 3-month rolling window, its counts divided by 3. Typical price and $/sq ft are the monthly medians, weighted by sales. Redfin stopped publishing towns’ figures by property type after May 2026, so houses and condos are shown for the year to then.
What $200K buys in Lake City
Check a listing against what Lake City homes sold for
Against the town’s median price per square foot over the last 12 months. A rough check: condition, lot and location within town move a price more than this can see.
Bidding wars in Lake City are back to pre-pandemic levels, and more homes are for sale
We read every month of Lake City’s home sales since 2014 so you don’t have to. Each figure covers 12 months, because a single month in a town is too few sales to mean much. Latest: the year to September 2026, 95 sales.
If you’re buying in Lake City
- Shop in May. It brings about 6 new listings a month, close to the busiest month, with fewer bidding wars (11% over asking).
- Offer under asking. Buyers paid 95.8% of the list price on average; 11% paid over.
- You’ll usually have time. Only 16% of homes go under contract within two weeks; the typical one takes 93 days.
Summer brings both the most homes and the most bidding wars
June has the most new listings (about 7 a month), but July is the most competitive: 17% of July sales close over asking. February has the least competition (11%) but only about 4 new listings.
Averages for each calendar month, 2015 on.
Nearly as heated as 2021, and about like Florida as a whole
| Lake City now | 2017–19 | 2021 peak | FL now | |
|---|---|---|---|---|
| Sold over askingShare of sales that closed above the list price | 11% | 12% | 16% | 9% |
| Gone within two weeksShare of homes under contract within 14 days | 16% | 0% | 2% | 21% |
| Price paid vs. askingAverage sale price ÷ list price | 95.8% | 94.9% | 97.3% | 96.4% |
| Days to sellMedian days from listing to contract | 93 | 149 | 79 | 75 |
57 homes for sale on a typical day
That’s 19.7 times the 2018 low (3) and 917% more than in 2017–19.
Lake City ranks 213th of 542 busy Florida markets for bidding wars
Share of sales over asking in the last year, among towns with 60 or more sales. Lake City is in the middle of the pack.
Source: Redfin Data Center, city figures, January 2014 to September 2026 (MLS sales, not seasonally adjusted; from June 2026 each month is a 3-month rolling window, its counts divided by 3). Ratios are weighted by homes sold; price cuts by homes for sale.
Owning the typical Lake City home costs about $1,268 a month
Price: Lake City’s typical sale, last 12 months. Property tax at Lake City’s 0.8% (median bill ÷ median value, Census ACS); insurance at 0.35% of price a year. Before PMI, HOA dues, upkeep and the tax deduction. Whether Lake City is affordable on local pay is on Cost of living.
Six things worth knowing
New listings in June
The month with the most choice. February has the fewest, about 4.
Best time to buyProperty tax, a year
Of a home’s value: the median bill over the median home value. On a $216K home, about $1,690 a year.
Taxes vs. neighborsSchools
The schools grade for Lake City, from test results, graduation and how much students grow.
Schools in Lake CityTypical commute
The average one-way trip to work for people who live in Lake City.
Work & commuteCheck the flood map
Flood insurance isn’t in a standard policy, and lenders require it in FEMA flood zones. Check the address before you make an offer.
Natural hazardsLook up any property
Assessed value, lot size and every past sale of a home you’re eyeing are public, at the town or county assessor and the registry of deeds.
No busy market nearby sells for less a square foot; Lake Butler for far more
The busier markets within 25 miles of Lake City, by what sold. Prices, taxes and how far a paycheck goes next door are on Cost of living.
| Sold | Typical sale | $/sq ft | Over asking | Days to sell | |
|---|---|---|---|---|---|
| Lake Butler | 303 | $1.2M | $345 | 6% | 55 |
| Lake City | 95 | $216K | $139 | 11% | 93 |
| Live Oak | 53 | $198K | $145 | 8% | 67 |
| Watertown | 25 | $191K | $153 | 9% | 120 |
Redfin Data Center, October 2025 to September 2026. Towns with fewer than 20 sales are left out, and Redfin doesn’t report every town separately.
Post your home to Lake City, free
Selling it yourself, renting out an apartment or looking for a roommate? Post it to Lake City. People who follow the town see it, and so do people comparing Lake City with their own town. No commission, no listing fee.
Questions about buying a home in Lake City
What do homes sell for in Lake City, FL?
95 homes sold in the year to September 2026 at a typical $216K, $139 a square foot.
Is Lake City a buyer’s or seller’s market?
A buyer’s market: 66 homes were for sale in September 2026 and 8 sold, about 8.3 months of supply. Buyers paid 95.8% of asking on average.
When is the best time to buy in Lake City?
June brings the most new listings. The sales history shows which months have fewer bidding wars.
How much are property taxes in Lake City?
About 0.8% of a home’s value a year. On a $216K home that’s near $1,690.
Where can I see homes for sale in Lake City?
Zillow, Redfin, Realtor.com and Homes.com all carry Lake City’s MLS listings; the search links above open each one filtered to Lake City.
Sales, prices, days on market and listings: Redfin Data Center (MLS, monthly, not seasonally adjusted; from June 2026 each month is a 3-month rolling window, its counts divided by 3). Property tax rate: Census American Community Survey. Two-bedroom rent: HUD Fair Market Rent. Typical home value: Zillow Home Value Index. Schools grade: TownRatings (how grades work).