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LAKE PANASOFFKEE, FL 33538

Real Estate Market Report  ·  Sumter County
Balanced Market
April 2026  ·  Source: Realtor.com

Market Analysis

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

The LAKE PANASOFFKEE, FL real estate market (33538) currently shows 28 active listings, with 7 pending sales. Homes are averaging 97 days on the market before going under contract.

Inventory has tightened compared to last year, with 19 fewer active listings — creating more competition among buyers.

Homes are taking longer to sell, averaging 97 days on market compared to 82 days last year.

The median listing price has fallen 8.8% year-over-year, from $272,400 to $248,500.

Whether you are buying or selling in LAKE PANASOFFKEE, 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: 5,599  ·  Density: 24.3/mi²  ·  Median household income: $47,306

Typical home value: $139,730  ·  Homeownership: 75.6%

Market Overview

Active Listings
28
⇩ 40.4% vs 47 last year
Pending
7
25% pending ratio
Median Price
$248,500
⇩ 8.8% vs $272,400 last year
Average Price
$334,678
⇩ 21.8% vs $427,772 last year
Days on Market
97
⇧ 18.3% vs 82 days last year

Price Per Square Foot

Median $/sqft
$213
⇧ 5.4% vs $202/sqft last year
Median Home Size
1,068 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 28 this year vs 47 last year
  • Days on market: 97 now vs 82 last year

Median & Average Pricing

Year over Year
  • Median: $248,500 (-8.8% YoY)
  • Average: $334,678 (-21.8% 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 18.5 miles — 1,923 listings ($738,866,008 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
33538Lake Panasoffkee, FL 335380.0 mi33$11,518,914$263,500$349,058
33521Coleman, FL 335217.3 mi5$1,888,625$349,500$377,725
34484Oxford, FL 344848.3 mi67$29,856,808$399,950$445,624
34436Floral City, FL 3443610.6 mi47$19,993,048$288,675$425,384
33585Sumterville, FL 3358511.6 mi17$5,926,353$292,218$348,609
33513Bushnell, FL 3351312.3 mi34$24,890,074$550,000$732,061
34491Summerfield, FL 3449113.2 mi453$164,172,183$299,900$362,411
34442Hernando, FL 3444213.9 mi249$110,253,216$407,000$442,784
34476Ocala, FL 3447616.5 mi472$168,123,096$319,900$356,193
33514Center Hill, FL 3351417.2 mi5$12,921,250$594,500$2,584,250
34731Fruitland Park, FL 3473117.4 mi59$26,373,177$414,950$447,003
34461Lecanto, FL 3446118.2 mi105$55,497,855$385,500$528,551
34434Dunnellon, FL 3443418.5 mi377$107,451,409$279,575$285,017

Frequently Asked Questions

How many homes are for sale in LAKE PANASOFFKEE, FL 33538?

As of April 2026, there are 28 active listings in LAKE PANASOFFKEE, FL (zip code 33538), compared to 47 the prior year.

What is the median home price in LAKE PANASOFFKEE, FL 33538?

The median listing price in LAKE PANASOFFKEE, FL 33538 is $248,500 as of April 2026, a 8.8% decrease from $272,400 the prior year.

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

Homes in LAKE PANASOFFKEE, FL 33538 spend an average of 97 days on the market before going under contract, compared to 82 days the prior year.

Is it a seller's or buyer's market in LAKE PANASOFFKEE, FL 33538?

Based on current inventory and days-on-market data as of April 2026, LAKE PANASOFFKEE, FL 33538 is currently a Balanced Market. Inventory has tightened compared to last year, with 19 fewer active listings — creating more competition among buyers. Homes are taking longer to sell, averaging 97 days on market compared to 82 days last year.

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

With SELL123.com's maximum 3% commission, sellers in LAKE PANASOFFKEE, FL 33538 save an estimated $4,970 compared to a typical 5% commission on the median listing price of $248,500. 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.