Lake City, TN
Housing market overview · Updated weekly
$169,750median sale price
Homes sold
2
Last 12 weeks
Days on market
199
Average pace
Active listings
8
4.0 months supply
Sale-to-list
100.1%
Above asking
The Lake City housing market is currently classified as a balanced market with a median sale price of $169,750. Prices have fallen 20.6% compared to last year, with homes spending an average of 199 days on market, indicating 4.0 months of inventory.With limited inventory, homes sell quickly and buyers should be prepared to act decisively and competitively to secure a property.
Market trends
Homes for sale in Lake City
There are currently 8 homes listed for sale in Lake City, Tennessee.
Active listings
8
Homes on market
Avg. days on market
199
Days until sale
Explore nearby cities in TN
Frequently asked questions
What is the average home price in Lake City?
The median home sale price in Lake City is $169,750, down 20.6% from last year.
How long do homes stay on market in Lake City?
Homes typically spend 199 days on market before going under contract.
Is Lake City a buyer's or seller's market?
With 4.0 months of supply, Lake City is currently a balanced market.
Get Lake City market alerts
Weekly updates on prices, inventory, and trends. Free forever.