Is Lake City, TN 37769 a buyer’s or seller’s market?
Lake City is a balanced market. With about 6 months of supply, well-priced homes can still draw more than one offer, but buyers have some room to negotiate.
The Lake City housing market right now
In the three months ending August 31, 2026, 0% of homes in Lake City, TN 37769 sold above their list price, the typical home went under contract in 80 days and there were 6 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. With only 9 sales, these figures can swing a lot from month to month.
Compared with the same period a year earlier, the share selling over asking fell from 25%, homes sold more slowly (69 days then) and the median sale price rose 6% to $309,816. Overall, Lake City is less competitive than a year ago, which gives buyers more room.
Within Anderson County, homes here sell more slowly than in 83% of the county’s ZIP codes, and sell less often over asking than in any other ZIP code in the county.
Nearby, Clinton 37716 (32% sold over asking) and Oak Ridge 37830 (23% sold over asking) are even more competitive.
Run the numbers for 37769
Nearby markets
Andersonville 37705Seller’s market $242 /sq ftBriceville 37710Buyer’s market $174 /sq ftClinton 37716Seller’s market $210 /sq ftHeiskell 37754Balanced $197 /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 balanced market: there were 6 months of supply in Lake City, TN 37769 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 80 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 98.0% of the list price.
What are property taxes in Lake City?
About 0.54% of a home’s value a year in Anderson County, or roughly $2,160 on a $400,000 home.
What is the median home price in Lake City?
The median sale price was $309,816 in the three months ending August 31, 2026, about $188 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