Is Lake City, SC 29560 a buyer’s or seller’s market?
Lake City is a buyer’s market. With about 8 months of supply, buyers usually have more time and more room to negotiate on price and terms.
The Lake City housing market right now
In the three months ending August 31, 2026, 0% of homes in Lake City, SC 29560 sold above their list price, the typical home went under contract in 73 days and there were 8 months of supply. More than six months of supply favors buyers, who usually have more time and more room to negotiate. That’s based on 10 home sales.
Compared with the same period a year earlier, the share selling over asking fell from 13%, homes sold faster (221 days then) and the median sale price rose 50% to $182,921. Overall, Lake City is more competitive than a year ago, so tougher for buyers.
Within Florence County, homes here sell faster than in 70% of the county’s ZIP codes, and sell less often over asking than in any other ZIP code in the county.
Nearby, Scranton 29591 (50% sold over asking) and Pamplico 29583 (29% sold over asking) are even more competitive.
Run the numbers for 29560
Nearby markets
Coward 29530Balanced $125 /sq ftEffingham 29541Seller’s market $140 /sq ftFlorence 29501Balanced $156 /sq ftFlorence 29505Balanced $149 /sq ft Browse all markets →Towns like Lake City nearby
Find towns like Lake City in other states →Where Lake City is
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Questions about Lake City real estate
Is Lake City a buyer’s or seller’s market?
A buyer’s market: there were 8 months of supply in Lake City, SC 29560 in the three months ending August 31, 2026. Under four months usually favors sellers, and more than six favors buyers.
How fast do homes sell in Lake City?
The typical home went under contract in 73 days in the latest three months.
Do homes in Lake City sell over asking?
0% of homes sold above their original list price, and the typical sale closed at 97.0% of the list price.
What are property taxes in Lake City?
About 0.42% of a home’s value a year in Florence County, or roughly $1,680 on a $400,000 home.
What is the median home price in Lake City?
The median sale price was $182,921 in the three months ending August 31, 2026, about $112 per square foot.
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Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology