32061
Lake City, Florida
Lake City 32061 is stable.
The 32061 ZIP code in Lake City, Florida has a median sale price of $200K, down N/A year-over-year. Homes spend an average of 14 days on market, with 0% of homes selling above list price.
Folio's PropIQ™ score of 72 signals Neutral Watch conditions. This market is holding steady. Monitor inventory shifts before committing.
Lake City's 32061 ZIP code shows a stabilized market with a median sale price holding at $199,900, reflecting flat year-over-year performance that suggests price discovery has reached equilibrium after previous volatility. The 14-day average time on market indicates functional liquidity, yet the complete absence of homes selling above list price reveals zero bidding pressure. This combination of quick absorption without premium pricing defines a balanced market where supply meets demand without excess.
This environment favors calculated buyers who can negotiate at or below list price while avoiding the time pressure that characterized tighter markets. The two-week absorption rate provides sufficient inventory turnover for choice without creating urgency premiums. Sellers with equity positions can still execute transactions quickly, but those requiring appreciation-dependent exits face challenges given the flat price trajectory and inability to command over-ask offers in any recent transactions.
The PropIQ score of 72 signals neutral conditions that warrant monitoring rather than immediate action. Stable pricing combined with fast turnover suggests the market could shift quickly if inventory levels change or economic conditions affecting Lake City's employment base deteriorate. The zero above-list percentage serves as a leading indicator; any movement toward positive numbers would signal strengthening, while extending days on market beyond 20 would confirm weakening momentum.
What is the median home price in 32061 Lake City?
The median sale price in 32061 is $200K, down N/A year-over-year as of 2024-06-30.
How long do homes stay on the market in Lake City 32061?
Homes in 32061 Lake City spend an average of 14 days on market before going under contract.
Is Lake City 32061 a good place to invest in real estate?
Folio's PropIQ™ score for 32061 is 72/100 — a Neutral Watch signal. 0% of homes sold above asking.
What does a PropIQ™ score of 72 mean for 32061?
PropIQ™ is Folio's proprietary market score combining price momentum, days-on-market velocity, inventory absorption, and investment signals into a 0–100 number. Score of 72 = Neutral Watch in 32061 Lake City, Florida.