2 hours on Rocket
$2,316 Closing Credit¹
#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.
Insight
Lake Panasoffkee is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Median Sold Price
$205,000$169/SqFt
+$45,000
+28.1%
Based on all homes sold in the last 12 months
Insight
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
Insight
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
Insight
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?
1 day on Rocket
#2252171, Listing Office: Paid Reciprocal Office
1 day on Rocket
#G5094174, Connie Mahan, Listing Office: CONNIE MAHAN REAL ESTATE GROUP
1 day on Rocket
#G5094175, Connie Mahan, Listing Office: CONNIE MAHAN REAL ESTATE GROUP
Video tour
$5,344 Closing Credit¹
#TB8358316, Damla Burnukara, Listing Office: FUTURE HOME REALTY INC
Video tour
#TB8356647, Robert Johnson, Listing Office: REAL BROKER, LLC
$5,936 Closing Credit¹
#G5093531, Robbie Shoemaker, Listing Office: FLAMINGO REAL ESTATE & MNGMT
Video tour
#G5093501, Leslie Strickland, Listing Office: FLORIDA REALTY INVESTMENTS
Video tour
#G5093584, Leslie Strickland, Listing Office: FLORIDA REALTY INVESTMENTS
#OM696084, Garrett Huffman, Listing Office: EXP REALTY LLC
$4,749 Closing Credit¹
#G5093417, Jarrett Bishop, Listing Office: FLORIDA REALTY INVESTMENTS
Video tour
$3,561 Closing Credit¹
#G5092948, Roy Vaca, Listing Office: FLAMINGO REAL ESTATE & MNGMT
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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
Listings courtesy of Stellar MLS as distributed by MLS GRID.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.
Copyright 2025 My Florida Regional Multiple Listing Service DBA Stellar MLS. The real estate listing data marked with this icon comes from the IDX program of the Stellar MLS system. All information provided is deemed reliable but is not guaranteed and should be independently verified. Listings displayed on this website may be subject to prior sale or removal from sale; availability of any listing should always be independently verified. Listing information is provided exclusively for consumers’ personal, non-commercial use, solely to identify potential properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law. 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, 8:19:52 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Information is provided by Realtors® Association of Citrus County, Inc. Information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Listing(s) information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Copyright © 2025 Realtors® Association of Citrus County, Inc. All rights reserved.
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, 8:15:58 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, 8:15:58 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Copyright © 2025 Northeast Florida Multiple Listing Service, Inc. All rights reserved. The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange (IDX) program of the Northeast Florida Multiple Listing Service, Inc. Real estate listings held by other brokerage firms are marked with the listing broker's name and detailed information about such listings. Data provided is deemed reliable but is not guaranteed. IDX information is provided exclusively for consumers personal, noncommercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
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, 8:20:58 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, 8:20:58 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
The information contained herein has been provided by by Hernando County Association of REALTORS®. This information is from sources deemed reliable but not guaranteed. The information is for consumers' personal, non-commerical use and may not be used for any purpose other than identifying properties which consumers may be interested in purchasing. The information contained in this web site is believed to be reliable and while every effort is made to assure that the information is as accurate as possible, the owner of this site disclaims any implied warranty or representation about it's accuracy, completeness or appropriateness for any particular purpose. This includes but is not limited to information provided by any third party which is accessed through this site via a hyperlink. Those persons who access this information assume full responsibility for the use of said information and understand and agree that the owner of this site named above not responsible or liable for any claim, loss or damage arising from the use of any information contained in this site. Any reference to specific products, companies or services does not necessarily constitute or imply recommendation or endorsement by the owner of this site. 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, 8:20:57 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.