#1048686, Shirley Weems, Listing office: Waterman Real Estate, Inc.
Lake Panasoffkee Housing Market Report May 2025•Sumter County, Florida
Housing Prices in Lake Panasoffkee, FL
How much do homes in Lake Panasoffkee, FL cost?
Housing Market Conditions
Is Lake Panasoffkee, FL a buyer’s or seller’s market?
Seller'sMarket
Buyer'sMarket
Lake Panasoffkee is a Neutral Market
Difference Since May 2024
At the same time last year, Lake Panasoffkee was a Seller's Market.
Lake Panasoffkee is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Median Sold Price
Based on all homes sold in the last 12 months
Homes in Lake Panasoffkee have sold for 29.1% more than they did a year ago.
Summary: The median home sold price in Lake Panasoffkee was $206,500 in May 2025, up 29.1% from last year, and the median price per square foot was $184.
Median Sold Price By Cities
City | May 2024 | May 2025 | Change YoY |
---|---|---|---|
Lake Panasoffkee | $160K | $206.5K | +29.1% |
Floral City | $259K | $292.5K | +12.9% |
Bushnell-Center Hill | $249.4K | $281.4K | +12.8% |
Hernando | $375K | $361.6K | -3.6% |
Sumterville | $400K | $350K | -12.5% |
Median Sold Price By Bedrooms
Beds | May 2024 | May 2025 | Change YoY |
---|---|---|---|
11 Bedroom | $65K | $134K | +106.2% |
22 Bedrooms | $158.8K | $195K | +22.8% |
33 Bedrooms | $208K | $228.5K | +9.9% |
44 Bedrooms | $250K | $205K | -18.0% |
55+ Bedrooms | $340K | - | N/A |
Summary: Lake Panasoffkee housing price by bedroom type for May 2025, compared to the previous year. The home price for 1 bedroom homes increased by +106.2%. The home price for 2 bedroom homes increased by +22.8%. The home price for 3 bedroom homes increased by +9.9%. The home price for 4 bedroom homes decreased by -18.0%. The home price for 5 bedroom homes did not change.
How does Lake Panasoffkee, FL compare with other places?
Market comparison tool
Data and numbers shown are subject to change and may vary based on different timeframes.
Lake Panasoffkee, FL
Housing supply in Lake Panasoffkee, FL
How many homes are available in Lake Panasoffkee, FL?
Number of Homes For Sale
Last Month | 2 months ago | Change MoM |
---|---|---|
45Last MonthMay 2025 | ||
452 months agoApr 2025 | 0.0 % Change MoMApr – May |
Summary: The Lake Panasoffkee real estate market had 45 homes for sale in May 2025, the same as Apr 2025
Number of Homes Sold
Last Month | 2 months ago | Change MoM |
---|---|---|
7Last MonthMay 2025 | ||
32 months agoApr 2025 | +133.3 % Change MoMApr – May |
Homes For Sale By Bedroom Count
Beds | Apr 2025 | May 2025 | Change MoM |
---|---|---|---|
11 Bedroom | 1 | 1 | 0.0% |
22 Bedrooms | 16 | 14 | -12.5% |
33 Bedrooms | 21 | 23 | +9.5% |
44 Bedrooms | 7 | 7 | 0.0% |
55+ Bedrooms | 0 | 0 | 0.0% |
Summary: Lake Panasoffkee housing inventory by bedroom type for May 2025, compared to the previous month. The inventory for 1 bedroom homes remained the same. The inventory for 2 bedroom homes decreased by -12.5%. The inventory for 3 bedroom homes increased by +9.5%. The inventory for 4 bedroom homes remained the same. The inventory for 5 bedroom homes remained the same.
Asking Price vs. Sold Price
How much do homes in Lake Panasoffkee, FL cost?
Over Asking Price0 Home
At Asking Price2 Homes
Under Asking Price5 Homes
If you're buying a home in Lake Panasoffkee, you may be able to get a good deal. 71.4% of homes here sold below asking price last month.
Summary: A total of 7 homes were sold or pending in Lake Panasoffkee in May 2025, up by 133.3% month-over-month. Of the 7 sold homes, 71% were sold under asking, 29% were sold at asking, and and 0% were sold over asking.
Days on Market for Lake Panasoffkee, FL
How long does it take to sell a home in Lake Panasoffkee, FL?
Breakdown of Home Sale Times
Under 30 Days2 Homes
30 – 90 Days0 Home
Over 90 Days5 Homes
Most homes in Lake Panasoffkee are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During May 2025, 7 homes were sold in Lake Panasoffkee; 29% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 71% of homes were sold over 90 days.
Average Sale Time
This Year | 1 year ago | Change YoY |
---|---|---|
135 DaysThis YearMay 2025 | ||
195 Days1 year agoMay 2024 | -30.6 % Change YoYMay 2024 – May 2025 |
Summary: Homes in Lake Panasoffkee had an average listing age of 135 days in May 2025, down by 30.6% compared to the previous year.
Connect With An Agent
Local real estate agents are ready to help you find a home here
Sell My Home
Sell your home with an expert or get the job done on your own.
Get Approved
Get a customizable mortgage solution based on today's rates.
Newest Listings in Lake Panasoffkee, FL
What homes are available in Lake Panasoffkee, FL?
Popular Cities with Homes for Sale in Florida
- Homes for sale in Boca Raton, FL
- Homes for sale in Boynton Beach, FL
- Homes for sale in Cape Coral, FL
- Homes for sale in Clearwater, FL
- Homes for sale in Clermont, FL
- Homes for sale in Fort Myers, FL
- Homes for sale in Jacksonville, FL
- Homes for sale in Kissimmee, FL
- Homes for sale in Lakeland, FL
- Homes for sale in Lehigh Acres, FL
- Homes for sale in Miami, FL
- Homes for sale in Naples, FL
- Homes for sale in Ocala, FL
- Homes for sale in Orlando, FL
- Homes for sale in Palm Bay, FL
- Homes for sale in Port Charlotte, FL
- Homes for sale in Port Saint Lucie, FL
- Homes for sale in Sarasota, FL
- Homes for sale in Spring Hill, FL
- Homes for sale in Tampa, FL
- Homes for sale in Winter Haven, FL
MLS Disclaimers and Copyright
Based on information from Stellar MLS, Hernando County Information Services MLS, realMLS, Space Coast MLS, and Citrus County MLS for the period 06/01/2023 - 06/01/2025

All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Properties displayed may be listed or sold by various participants in the MLS.
DMCA Notice

Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 6/19/2025, 11:34:28 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Copyright © 2025 Hernando County Association of REALTORS®
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 6/19/2025, 11:40:34 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 6/19/2025, 11:40:35 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 6/19/2025, 11:40:33 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 6/19/2025, 11:45:34 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.