Is Lake City, FL 32025 a buyer’s or seller’s market?

The Lake City housing market right now

In the three months ending August 31, 2026, 11% of homes in Lake City, FL 32025 sold above their list price, the typical home went under contract in 101 days and there were 7.8 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 37 home sales.

Compared with the same period a year earlier, the share selling over asking rose from 6%, homes sold more slowly (67 days then) and the median sale price fell 19% to $214,657. Overall, Lake City is less competitive than a year ago, which gives buyers more room.

Within Columbia County, homes here sell more slowly than in any other ZIP code in the county, and sell more often over asking than in 75%. On our competition score, Lake City ranks #622 of 796 FL ZIP codes with enough sales (score 11 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) is even more competitive.