Data as of July 2026. Source: Realtor.com.
The LAKE CITY, PA real estate market (16423) currently shows 7 active listings, with 4 pending sales. Homes are averaging 41 days on the market before going under contract.
Inventory has tightened compared to last year, with 4 fewer active listings — creating more competition among buyers.
Homes are selling faster, averaging 41 days on market compared to 51 days last year.
The median listing price has fallen 38.6% year-over-year, from $325,750 to $199,900.
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.
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 July 2026, there are 7 active listings in LAKE CITY, PA (zip code 16423), compared to 11 the prior year.
The median listing price in LAKE CITY, PA 16423 is $199,900 as of July 2026, a 38.6% decrease from $325,750 the prior year.
Homes in LAKE CITY, PA 16423 spend an average of 41 days on the market before going under contract, compared to 51 days the prior year.
Based on current inventory and days-on-market data as of July 2026, LAKE CITY, PA 16423 is currently a Seller's Market. Inventory has tightened compared to last year, with 4 fewer active listings — creating more competition among buyers. Homes are selling faster, averaging 41 days on market compared to 51 days last year.
With SELL123.com's maximum 3% commission, sellers in LAKE CITY, PA 16423 save an estimated $3,998 compared to a typical 5% commission on the median listing price of $199,900. 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.