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LAKE CITY, FL 32055

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

Market Analysis

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

The LAKE CITY, FL real estate market (32055) currently shows 71 active listings, with 11 pending sales. Homes are averaging 92 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 92 days on market compared to 98 days last year.

The median listing price has fallen 11.7% year-over-year, from $332,000 to $293,000.

Whether you are buying or selling in LAKE CITY, FL, 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: 16,175  ·  Density: 33.9/mi²  ·  Median household income: $50,461

Typical home value: $150,027  ·  Homeownership: 64.4%

Market Overview

Active Listings
71
⇧ 2.9% vs 69 last year
Pending
11
15% pending ratio
Median Price
$293,000
⇩ 11.7% vs $332,000 last year
Average Price
$385,969
⇩ 9.5% vs $426,454 last year
Days on Market
92
⇩ 6.1% vs 98 days last year

Price Per Square Foot

Median $/sqft
$167
⇩ 5.1% vs $176/sqft last year
Median Home Size
1,647 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 71 this year vs 69 last year
  • Days on market: 92 now vs 98 last year

Median & Average Pricing

Year over Year
  • Median: $293,000 (-11.7% YoY)
  • Average: $385,969 (-9.5% 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 36.9 miles — 305 listings ($140,570,292 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
32055Lake City, FL 320550.0 mi74$29,212,684$329,925$394,766
32096White Springs, FL 3209612.4 mi8$19,183,336$494,000$2,397,917
32061Lulu, FL 3206114.5 mi1$635,846$635,846$635,846
32087Sanderson, FL 3208720.7 mi7$3,149,419$411,500$449,917
32062McAlpin, FL 3206223.0 mi4$2,131,476$481,237$532,869
32038Fort White, FL 3203823.5 mi20$9,286,500$431,000$464,325
32052Jasper, FL 3205224.2 mi21$8,152,179$245,750$388,199
32060Live Oak, FL 3206025.3 mi55$23,862,465$399,000$433,863
32063Macclenny, FL 3206330.2 mi48$19,860,000$341,200$413,750
31631Fargo, GA 3163130.5 mi3$901,899$399,000$300,633
32622Brooker, FL 3262231.8 mi8$2,499,496$282,425$312,437
32058Lawtey, FL 3205833.6 mi4$1,851,272$377,500$462,818
32234Jacksonville, FL 3223436.9 mi52$19,843,720$304,498$381,610

Frequently Asked Questions

How many homes are for sale in LAKE CITY, FL 32055?

As of March 2026, there are 71 active listings in LAKE CITY, FL (zip code 32055), compared to 69 the prior year.

What is the median home price in LAKE CITY, FL 32055?

The median listing price in LAKE CITY, FL 32055 is $293,000 as of March 2026, a 11.7% decrease from $332,000 the prior year.

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

Homes in LAKE CITY, FL 32055 spend an average of 92 days on the market before going under contract, compared to 98 days the prior year.

Is it a seller's or buyer's market in LAKE CITY, FL 32055?

Based on current inventory and days-on-market data as of March 2026, LAKE CITY, FL 32055 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 92 days on market compared to 98 days last year.

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

With SELL123.com's maximum 3% commission, sellers in LAKE CITY, FL 32055 save an estimated $5,860 compared to a typical 5% commission on the median listing price of $293,000. 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.