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LAKE CITY, PA 16423

Real Estate Market Report
Balanced Market
March 2026  ·  Source: Realtor.com

Market Analysis

Data as of March 2026. Source: Realtor.com.

The LAKE CITY, PA real estate market (16423) currently shows 7 active listings, with 4 pending sales. Homes are averaging 11 days on the market before going under contract.

Inventory has increased compared to last year, with 2 more homes available — giving buyers more choice.

Homes are selling faster, averaging 11 days on market compared to 108 days last year.

The median listing price has fallen 20.8% year-over-year, from $277,400 to $219,750.

Whether you are buying or selling in LAKE CITY, PA, SELL123.com can help you save significantly on commission — typically 2% compared to traditional 5% broker fees. Call (240) SELL-123 for a free consultation.

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Market Context

Market Context

Population: 3,783  ·  Density: 159.5/mi²  ·  Median household income: $70,529

Typical home value: $140,411  ·  Homeownership: 90.0%

Market Overview

Active Listings
7
⇧ 40% vs 5 last year
Pending
4
57% pending ratio
Median Price
$219,750
⇩ 20.8% vs $277,400 last year
Average Price
$205,471
⇩ 30% vs $293,696 last year
Days on Market
11
⇩ 89.8% vs 108 days last year

Price Per Square Foot

Median $/sqft
$200
⇧ 37.9% vs $145/sqft last year
Median Home Size
980 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 7 this year vs 5 last year
  • Days on market: 11 now vs 108 last year

Median & Average Pricing

Year over Year
  • Median: $219,750 (-20.8% YoY)
  • Average: $205,471 (-30% YoY)

12-Month Price Trend

Median & Average
  • Median and average listing prices over the past 12 months

12-Month Inventory Trend

Active & Pending
  • Active and pending listing counts over the past 12 months

Historical Trend Charts

Median Price
Average Price
Days on Market
Total Listings
Pending Listings
Active Listings
New Listings
Price Per Sqft
Price Reduced %

Nearby Real Estate Markets

Median Price Legend:
< $250K
$250K–$500K
$500K–$1M
$1M–$2M
> $2M
25 Nearby Zip Code Markets within 20.9 miles — 183 listings ($59,857,499 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
16423Lake City, PA 164230.0 mi5$1,662,500$332,500$332,500
16415Fairview, PA 164155.9 mi19$7,843,447$374,950$412,813
16443West Springfield, PA 164439.0 mi1$110,000$110,000$110,000
16506Erie, PA 1650610.1 mi38$15,187,156$356,175$399,662
16505Erie, PA 1650512.3 mi27$11,310,705$249,425$418,915
16502Erie, PA 1650213.9 mi26$3,434,990$128,650$132,115
16435Springboro, PA 1643513.9 mi1$164,900$164,900$164,900
16507Erie, PA 1650715.4 mi12$8,509,596$202,450$709,133
16503Erie, PA 1650316.3 mi20$2,373,040$119,250$118,652
16406Conneautville, PA 1640618.6 mi5$1,181,085$222,200$236,217
44068North Kingsville, OH 4406819.0 mi1$239,900$239,900$239,900
44048Kingsville, OH 4404819.5 mi1$289,900$289,900$289,900
16510Erie, PA 1651020.9 mi27$7,550,280$249,000$279,640

Frequently Asked Questions

How many homes are for sale in LAKE CITY, PA 16423?

As of March 2026, there are 7 active listings in LAKE CITY, PA (zip code 16423), compared to 5 the prior year.

What is the median home price in LAKE CITY, PA 16423?

The median listing price in LAKE CITY, PA 16423 is $219,750 as of March 2026, a 20.8% decrease from $277,400 the prior year.

How long do homes stay on the market in LAKE CITY, PA?

Homes in LAKE CITY, PA 16423 spend an average of 11 days on the market before going under contract, compared to 108 days the prior year.

Is it a seller's or buyer's market in LAKE CITY, PA 16423?

Based on current inventory and days-on-market data as of March 2026, LAKE CITY, PA 16423 is currently a Balanced Market. Inventory has increased compared to last year, with 2 more homes available — giving buyers more choice. Homes are selling faster, averaging 11 days on market compared to 108 days last year.

How much can I save on real estate commission in LAKE CITY, PA?

With SELL123.com's maximum 3% commission, sellers in LAKE CITY, PA 16423 save an estimated $4,395 compared to a typical 5% commission on the median listing price of $219,750. 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.