Is Lake City, FL 32024 a buyer’s or seller’s market?

The Lake City housing market right now

In the three months ending August 31, 2026, 5% of homes in Lake City, FL 32024 sold above their list price, the typical home went under contract in 64 days and there were 4.1 months of supply. Four to six months of supply is a balanced market, where pricing and condition decide how much room there is to negotiate. That’s based on 60 home sales.

Compared with the same period a year earlier, the share selling over asking fell from 14%, homes sold more slowly (47 days then) and the median sale price fell 8% to $339,853. Overall, Lake City is less competitive than a year ago, which gives buyers more room.

Within Columbia County, homes here sell faster than in 75% of the county’s ZIP codes, and sell more often over asking than in 50%. On our competition score, Lake City ranks #391 of 796 FL ZIP codes with enough sales (score 20 out of 100).

Nearby, buyers who want less competition could look at White Springs 32096 (0% sold over asking) or Lake City 32055 (0% sold over asking), while Fort White 32038 (13% sold over asking) and Lake City 32025 (11% sold over asking) are even more competitive.