Listing Office: Epps Miles Eaddy Realty Inc.
Lake City Housing Market Report December 2024•Florence County, South Carolina
Housing Prices in Lake City, SC
How much do homes in Lake City, SC cost?
Housing Market Conditions
Is Lake City, SC a buyer’s or seller’s market?
Seller'sMarket
Buyer'sMarket
Lake City is a Buyer's Market
Difference Since November 2024
Last month, Lake City has remained a Buyer's Market.
Lake City is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Median Sold Price
Based on all homes sold in December 2024
Homes in Lake City have sold for 69.5% less than they did a month ago.
Summary: The median home sold price in Lake City was $138,000 in December 2024, down 69.5% from last month, and the median price per square foot was $110.
Median Sold Price By Bedrooms
Beds | Nov 2024 | Dec 2024 | Change MoM |
---|---|---|---|
11 Bedroom | - | - | N/A |
22 Bedrooms | - | - | N/A |
33 Bedrooms | $452K | $138K | -69.5% |
44 Bedrooms | - | - | N/A |
55+ Bedrooms | - | - | N/A |
Summary: Lake City housing price by bedroom type for December 2024, compared to the previous month. The home price for 1 bedroom homes did not change. The home price for 2 bedroom homes did not change. The home price for 3 bedroom homes decreased by -69.5%. The home price for 4 bedroom homes did not change. The home price for 5 bedroom homes did not change.
Housing supply in Lake City, SC
How many homes are available in Lake City, SC?
Number of Homes For Sale
Last Month | 2 months ago | Change MoM |
---|---|---|
15Last MonthDec 2024 | ||
162 months agoNov 2024 | -6.3 % Change MoMNov – Dec |
Summary: The Lake City real estate market had 15 homes for sale in Dec 2024, a 6.3 % decrease compared to Nov 2024.
Number of Homes Sold
Last Month | 2 months ago | Change MoM |
---|---|---|
2Last MonthDec 2024 | ||
12 months agoNov 2024 | +100.0 % Change MoMNov – Dec |
Homes For Sale By Bedroom Count
Beds | Nov 2024 | Dec 2024 | Change MoM |
---|---|---|---|
11 Bedroom | 0 | 0 | 0.0% |
22 Bedrooms | 0 | 0 | 0.0% |
33 Bedrooms | 9 | 8 | -11.1% |
44 Bedrooms | 6 | 6 | 0.0% |
55+ Bedrooms | 1 | 1 | 0.0% |
Summary: Lake City housing inventory by bedroom type for December 2024, compared to the previous month. The inventory for 1 bedroom homes remained the same. The inventory for 2 bedroom homes remained the same. The inventory for 3 bedroom homes decreased by -11.1%. 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 City, SC cost?
Over Asking Price1 Home
At Asking Price0 Home
Under Asking Price1 Home
If you're buying a home in Lake City, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 2 homes were sold or pending in Lake City in December 2024, up by 100.0% month-over-month. Of the 2 sold homes, 50% were sold under asking, 0% were sold at asking, and and 50% were sold over asking.
Days on Market for Lake City, SC
How long does it take to sell a home in Lake City, SC?
Breakdown of Home Sale Times
Under 30 Days0 Home
30 – 90 Days0 Home
Over 90 Days2 Homes
Most homes in Lake City are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During December 2024, 2 homes were sold in Lake City; 0% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 100% of homes were sold over 90 days.
Average Sale Time
Last Month | 1 month ago | Change MoM |
---|---|---|
222 DaysLast MonthDec 2024 | ||
100 Days1 month agoNov 2024 | +122.5 % Change MoMNov – Dec |
Summary: Homes in Lake City had an average listing age of 222 days in Dec 2024, up by 122.5% compared to the previous month.
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Newest Listings in Lake City, SC
What homes are available in Lake City, SC?
Nearby markets
Nearby markets aren't available for Lake City, SC
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MLS Disclaimers and Copyright
Based on information from Coastal Carolinas MLS, and Consolidated Multiple Listing Service Inc. for the period 11/01/2024 - 01/01/2025
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 1/17/2025, 11:20:48 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 1/17/2025, 11:20:54 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.