Data as of September 2026. Source: Realtor.com.
The LAKE CITY, PA real estate market (16423) currently shows 9 active listings, with 4 pending sales. Homes are averaging 16 days on the market before going under contract.
Inventory has tightened compared to last year, with 7 fewer active listings — creating more competition among buyers.
Homes are selling faster, averaging 16 days on market compared to 37 days last year.
The median listing price has fallen 14.9% year-over-year, from $232,100 to $197,475.
Population: 3,783 · Density: 159.5/mi² · Median household income: $70,529
Typical home value: $140,411 · Homeownership: 90.0%
| Zip | City / State | Distance | Listings | Market Value | Median $ | Average $ |
|---|---|---|---|---|---|---|
| 16423 | Lake City, PA 16423 | 0.0 mi | 5 | $1,662,500 | $332,500 | $332,500 |
| 16415 | Fairview, PA 16415 | 5.9 mi | 19 | $7,843,447 | $374,950 | $412,813 |
| 16443 | West Springfield, PA 16443 | 9.0 mi | 1 | $110,000 | $110,000 | $110,000 |
| 16506 | Erie, PA 16506 | 10.1 mi | 38 | $15,187,156 | $356,175 | $399,662 |
| 16505 | Erie, PA 16505 | 12.3 mi | 27 | $11,310,705 | $249,425 | $418,915 |
| 16502 | Erie, PA 16502 | 13.9 mi | 26 | $3,434,990 | $128,650 | $132,115 |
| 16435 | Springboro, PA 16435 | 13.9 mi | 1 | $164,900 | $164,900 | $164,900 |
| 16507 | Erie, PA 16507 | 15.4 mi | 12 | $8,509,596 | $202,450 | $709,133 |
| 16503 | Erie, PA 16503 | 16.3 mi | 20 | $2,373,040 | $119,250 | $118,652 |
| 16406 | Conneautville, PA 16406 | 18.6 mi | 5 | $1,181,085 | $222,200 | $236,217 |
| 44068 | North Kingsville, OH 44068 | 19.0 mi | 1 | $239,900 | $239,900 | $239,900 |
| 44048 | Kingsville, OH 44048 | 19.5 mi | 1 | $289,900 | $289,900 | $289,900 |
| 16510 | Erie, PA 16510 | 20.9 mi | 27 | $7,550,280 | $249,000 | $279,640 |
As of September 2026, there are 9 active listings in LAKE CITY, PA (zip code 16423), compared to 16 the prior year.
The median listing price in LAKE CITY, PA 16423 is $197,475 as of September 2026, a 14.9% decrease from $232,100 the prior year.
Homes in LAKE CITY, PA 16423 spend an average of 16 days on the market before going under contract, compared to 37 days the prior year.
Based on current inventory and days-on-market data as of September 2026, LAKE CITY, PA 16423 is currently a Seller's Market. Inventory has tightened compared to last year, with 7 fewer active listings — creating more competition among buyers. Homes are selling faster, averaging 16 days on market compared to 37 days last year.
With SELL123.com's maximum 3% commission, sellers in LAKE CITY, PA 16423 save an estimated $3,950 compared to a typical 5% commission on the median listing price of $197,475. Our fee structure: 1% listing + 2% selling broker — no additional buyer or seller fees. Call (240) SELL-123 or email info@SELL123.com for a free consultation.