#TB8362045, William Alvarez, Jr, Listing Office: LPT REALTY, LLC
Lake Panasoffkee Housing Market Report February 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 Seller's Market
Difference Since February 2024
Since last year, Lake Panasoffkee has remained a Seller's Market.
Lake Panasoffkee is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Median Sold Price
Based on all homes sold in the last 12 months
Homes in Lake Panasoffkee have sold for 28.1% more than they did a year ago.
Summary: The median home sold price in Lake Panasoffkee was $205,000 in February 2025, up 28.1% from last year, and the median price per square foot was $169.
Median Sold Price By Cities
City | Feb 2024 | Feb 2025 | Change YoY |
---|---|---|---|
Lake Panasoffkee | $160K | $205K | +28.1% |
Bushnell-Center Hill | $240K | $277.4K | +15.6% |
Hernando | $363.1K | $380K | +4.6% |
Floral City | $260K | $262K | +0.8% |
Sumterville | $399.9K | $357K | -10.7% |
Median Sold Price By Bedrooms
Beds | Feb 2024 | Feb 2025 | Change YoY |
---|---|---|---|
11 Bedroom | $80K | $134K | +67.5% |
22 Bedrooms | $138.5K | $192.5K | +39.0% |
33 Bedrooms | $233.5K | $225K | -3.6% |
44 Bedrooms | $265K | $127.5K | -51.9% |
55+ Bedrooms | - | $340K | N/A |
Summary: Lake Panasoffkee housing price by bedroom type for February 2025, compared to the previous year. The home price for 1 bedroom homes increased by +67.5%. The home price for 2 bedroom homes increased by +39.0%. The home price for 3 bedroom homes decreased by -3.6%. The home price for 4 bedroom homes decreased by -51.9%. 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 |
---|---|---|
37Last MonthFeb 2025 | ||
322 months agoJan 2025 | +15.6 % Change MoMJan – Feb |
Summary: The Lake Panasoffkee real estate market had 37 homes for sale in Feb 2025, a 15.6 % increase compared to Jan 2025.
Number of Homes Sold
Last Month | 2 months ago | Change MoM |
---|---|---|
7Last MonthFeb 2025 | ||
12 months agoJan 2025 | +600.0 % Change MoMJan – Feb |
Homes For Sale By Bedroom Count
Beds | Jan 2025 | Feb 2025 | Change MoM |
---|---|---|---|
11 Bedroom | 1 | 1 | 0.0% |
22 Bedrooms | 11 | 15 | +36.4% |
33 Bedrooms | 16 | 17 | +6.3% |
44 Bedrooms | 4 | 4 | 0.0% |
55+ Bedrooms | 0 | 0 | 0.0% |
Summary: Lake Panasoffkee housing inventory by bedroom type for February 2025, compared to the previous month. The inventory for 1 bedroom homes remained the same. The inventory for 2 bedroom homes increased by +36.4%. The inventory for 3 bedroom homes increased by +6.3%. 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 Price1 Home
At Asking Price1 Home
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 February 2025, up by 600.0% month-over-month. Of the 7 sold homes, 71% were sold under asking, 14% were sold at asking, and and 14% 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 Days2 Homes
Over 90 Days3 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 February 2025, 7 homes were sold in Lake Panasoffkee; 29% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 43% of homes were sold over 90 days.
Average Sale Time
This Year | 1 year ago | Change YoY |
---|---|---|
110 DaysThis YearFeb 2025 | ||
39 Days1 year agoFeb 2024 | +182.4 % Change YoYFeb 2024 – Feb 2025 |
Summary: Homes in Lake Panasoffkee had an average listing age of 110 days in Feb 2025, up by 182.4% compared to the previous year.
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Newest Listings in Lake Panasoffkee, FL
What homes are available in Lake Panasoffkee, FL?
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MLS Disclaimers and Copyright
Based on information from Stellar MLS, Citrus County MLS, realMLS, and Hernando County Information Services MLS for the period 03/01/2023 - 03/01/2025

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.

Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 3/14/2025, 9:20:14 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: 3/14/2025, 9:15:57 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: 3/14/2025, 9:20:58 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: 3/14/2025, 9:20:57 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.