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Featured local agent — Lake City, PA
Sarah Mitchell
Compass Real Estate · Lake City, PA
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Lake City, PA Housing Market & Real Estate
Housing market overview · Updated monthly ·
$271,700median sale price
How is the Lake City, PA housing market right now?
The median home sale price in Lake City, PA is $271,700, up 13.2% year-over-year. Homes sell in an average of 4 days with 2 active listings. The market is currently a strong seller'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 City a buyer's or seller's market?
Lake City, PA is currently a strong seller's market, based on 1.0 months of supply and homes selling in about 4 days. How we determine this →
Homes sold
2
Last 12 weeks
Days on market
4
Fast-moving
Active listings
2
1.0 months supply
Sale-to-list
100.8%
Above asking
What does the Lake City housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $271,700 |
| Median list price | $232,450 |
| Year-over-year price change | +13.2% |
| Average days on market | 4 days |
| Active inventory | 2 listings |
| Months of supply | 1.0 months |
| Sale-to-list price ratio | 100.8% |
| Median price per sq ft | $143/sq ft |
| Homes sold (latest month) | 2 |
| New listings (latest month) | 4 |
| Listings with a price cut | 50.0% |
| Market condition | Strong seller's market |
Source: Redfin · Updated monthly
How much do homes cost in Lake City by property type?
How the Lake City, PA market breaks down across single-family homes, condos, and townhouses.
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $271,700 | $143/sq ft | 2 | 4 days |
Source: Redfin · Updated monthly
The Lake City housing market is currently classified as a strong seller's market with a median sale price of $271,700. Prices have risen 13.2% compared to last year, with homes spending an average of 4 days on market, indicating 1.0 months of inventory.With limited inventory, homes sell quickly and buyers should be prepared to act decisively and competitively to secure a property.The price-to-income ratio of 2.9x provides context for how home values compare to local earning capacity.
Homes for sale in Lake City
There are currently 2 homes listed for sale in Lake City, Pennsylvania. The median listing price is $232K.
Active listings
2
Homes on market
Median list price
$232K
Avg. days on market
4
Days until sale
New this week
4
Newly listed
Who lives in Lake City?
Population
2,901
Median income
$74,909/yr
Median age
38.3 years
Owner-occupied
87.8%
College grads
25.0%
Avg commute
23.3 min
Source: U.S. Census Bureau ACS
What are homes worth in Lake City?
Zillow home value
$215,212
Price-to-income
2.9x
Source: Zillow Research
What is it like to live in Lake City?
Lake City is a community of approximately 3K residents with a median age of 38.3 years.The median household income is $74,909, which represents a working-class community with solid middle-income opportunities. 25.0% of residents hold a bachelor's degree or higher, showing a mixed educational demographic.
Homeownership rates are at 87.8%, reflecting strong community stability and long-term resident commitment. The average commute time is 23.3 minutes, which makes this an excellent choice for those seeking short commutes to employment centers.Overall, Lake City offers a balanced lifestyle with accessible home values relative to local income levels.
Which public schools serve Lake City?
1 schools tracked · 553 students
The largest public schools serving Lake City, PA 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.
Elk Valley El Sch
Grades PK-4 · 553 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 City, PA?
Want a head-to-head view? Compare Lake City 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 City?
The median home sale price in Lake City is $271,700, up 13.2% from last year.
How long do homes stay on market in Lake City?
Homes typically spend 4 days on market before going under contract.
What is the median income in Lake City?
The median household income is $74,909 per year.
Is Lake City a buyer's or seller's market?
With 1.0 months of supply, Lake City is currently a strong seller's market.
What is the Zillow home value estimate for Lake City?
The Zillow Home Value Index (ZHVI) for Lake City is $215,212, representing the typical home value in the area.
How much does a single-family home cost in Lake City?
The median single-family home price in Lake City, PA is $271,700 (about $143 per square foot).
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