Lake City, Florida, often called the "Gateway to Florida" due to its location at the crossroads of I-75 and I-10, is a charming small city in Columbia County with a rich history and natural beauty. Founded in 1830 as Alligator Town, it was renamed in 1859 for its abundance of pristine lakes, including Lake DeSoto, which anchors the historic downtown. The city boasts a blend of Southern hospitality, historic architecture, and outdoor attractions like the nearby Osceola National Forest and Ichetucknee Springs, a favorite for tubing and kayaking. With a population of about 12,000, Lake City offers a tight-knit community feel, vibrant festivals like the Alligator Fest, and a growing economy, making it a hidden gem for visitors and residents alike.
Lake City currently has 57 single family homes for sale with an average list price of $470,581.21 and 32 lots for sale with an average list price of $418,721.81. The average annual property tax for Lake City is $2,141.37.
Using the absorption rate, we can determine how long it's taking for homes to sell and which price points are selling the fastest in Lake City, i.e. what's hot and what's not.
See What's Hot & What's Not in Lake CityLake City home sales for the month of August rose in volume by 250% when compared to last year, while the median sale price decreased by 48.6% from $740,000 to $380,000. House sales rose by 250%, while the median sale price decreased by 48.6% from $740,000 to $380,000.
69
|
62
|
73
|
60
|
2021 | 2022 | 2023 | 2024 |
# of sales per year |
$255,000
|
$295,250
|
$265,000
|
$286,950
|
2021 | 2022 | 2023 | 2024 |
median sale price per year |
HomesByMarco agents are experts in the area. If you're looking to buy or sell a home, give us a call today at 888-326-2726.