Year-over-year, Lake City’s rolling three-month data shows notable shifts in pricing and pace. Typical home values are down compared with last year, while the median list price has climbed sharply, indicating sellers are aiming higher even as closed prices soften. Homes are also taking much longer to sell than a year ago, with median days on market up significantly.
In the most recent rolling period through September 2026, the typical home value sits around $205,000, while the median list price is about $266,000, highlighting a gap between seller expectations and buyer spending. Inventory is relatively ample at 95 active listings and about 8.3 months of supply, more than double last year’s level, which generally gives buyers more options and negotiating leverage.
Activity levels are mixed in this three-month view, with homes sold up slightly year over year but pending sales down notably, suggesting some buyers are hesitating before going under contract. Only about 8 percent of homes sold above list price and the average sale-to-list ratio is near 95 percent, so discounts off asking are common. With new listings roughly in line with last year but homes taking much longer to sell, pricing strategy and marketing stand out as key for success. Both buyers looking for value and sellers aiming to stand out can benefit from Agent Pronto’s help in finding a Lake City agent who understands these conditions.
