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Featured local agent — Lake Panasoffkee, FL
Sarah Mitchell
Compass Real Estate · Lake Panasoffkee, FL
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Lake Panasoffkee, FL Housing Market & Real Estate
Housing market overview · Updated monthly ·
$212,450median sale price
How is the Lake Panasoffkee, FL housing market right now?
The median home sale price in Lake Panasoffkee, FL is $212,450, down 7.0% year-over-year. Homes sell in an average of 49 days with 21 active listings. The market is currently a buyer's market. (Source: Redfin monthly MLS data, as of May 2026 — the most recent Redfin release; Redfin publishes each month's data on a ~6-week lag.)
Is Lake Panasoffkee a buyer's or seller's market?
Lake Panasoffkee, FL is currently a buyer's market, based on 5.3 months of supply and homes selling in about 49 days. How we determine this →
Homes sold
4
Last 12 weeks
Days on market
49
Average pace
Active listings
21
5.3 months supply
Sale-to-list
86.9%
Below asking
What does the Lake Panasoffkee housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $212,450 |
| Median list price | $225,000 |
| Year-over-year price change | -7.0% |
| Average days on market | 49 days |
| Active inventory | 21 listings |
| Months of supply | 5.3 months |
| Sale-to-list price ratio | 86.9% |
| Median price per sq ft | $155/sq ft |
| Homes sold (latest month) | 4 |
| New listings (latest month) | 7 |
| Listings with a price cut | 28.6% |
| Market condition | Buyer's market |
Source: Redfin · Updated monthly
How much do homes cost in Lake Panasoffkee by property type?
How the Lake Panasoffkee, FL market breaks down across single-family homes, condos, and townhouses.
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $212,450 | $155/sq ft | 4 | 49 days |
Source: Redfin · Updated monthly
The Lake Panasoffkee housing market is currently classified as a buyer's market with a median sale price of $212,450. Prices have fallen 7.0% compared to last year, with homes spending an average of 49 days on market, indicating 5.3 months of inventory.This inventory level gives buyers significantly more negotiating power, allowing time to inspect properties thoroughly and potentially negotiate better terms.The price-to-income ratio of 4.6x provides context for how home values compare to local earning capacity.
Market trends
Homes for sale in Lake Panasoffkee
There are currently 21 homes listed for sale in Lake Panasoffkee, Florida. The median listing price is $225K.
Active listings
21
Homes on market
Median list price
$225K
Avg. days on market
49
Days until sale
New this week
7
Newly listed
Who lives in Lake Panasoffkee?
Population
4,525
Median income
$46,002/yr
Median age
48.9 years
Owner-occupied
68.6%
College grads
9.7%
Avg commute
29.4 min
Source: U.S. Census Bureau ACS
What are homes worth in Lake Panasoffkee?
Zillow home value
$212,789
Price-to-income
4.6x
Source: Zillow Research
What is it like to live in Lake Panasoffkee?
Lake Panasoffkee is a community of approximately 5K residents with a median age of 48.9 years.The median household income is $46,002, which represents a working-class community with solid middle-income opportunities. 9.7% of residents hold a bachelor's degree or higher, showing a mixed educational demographic.
Homeownership rates are at 68.6%, reflecting strong community stability and long-term resident commitment. The average commute time is 29.4 minutes, which makes this an excellent choice for those seeking short commutes to employment centers.Overall, Lake Panasoffkee offers a balanced lifestyle with accessible home values relative to local income levels.
Which public schools serve Lake Panasoffkee?
1 schools tracked · 589 students
The largest public schools serving Lake Panasoffkee, FL by enrollment, drawn from the National Center for Education Statistics. School quality is a commonly cited factor in home-buying decisions — these are the campuses families in this area are most likely to encounter.
LAKE PANASOFFKEE ELEMENTARY SCHOOL
Grades PK-5 · 589 students
Source: National Center for Education Statistics, Common Core of Data directory. Updated annually. Ratings and test scores are not currently displayed.
Which cities are near Lake Panasoffkee, FL?
Want a head-to-head view? Compare Lake Panasoffkee side-by-side with any other U.S. city using our market-comparison tool.
Frequently asked questions
What is the average home price in Lake Panasoffkee?
The median home sale price in Lake Panasoffkee is $212,450, down 7.0% from last year.
How long do homes stay on market in Lake Panasoffkee?
Homes typically spend 49 days on market before going under contract.
What is the median income in Lake Panasoffkee?
The median household income is $46,002 per year.
Is Lake Panasoffkee a buyer's or seller's market?
With 5.3 months of supply, Lake Panasoffkee is currently a buyer's market.
What is the Zillow home value estimate for Lake Panasoffkee?
The Zillow Home Value Index (ZHVI) for Lake Panasoffkee is $212,789, representing the typical home value in the area.
How much does a single-family home cost in Lake Panasoffkee?
The median single-family home price in Lake Panasoffkee, FL is $212,450 (about $155 per square foot).
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