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Market Intelligence · FL / Lake City

Lake City, FL 32055 Housing Market

In Lake City, FL 32055, the typical home value was $220,169 as of September 2026, down 0.3% over the past year. The median list price was $339,500, and homes spent a median of 92 days on the market. Sellers are generally asking more than the typical value of homes in the area.

Updated September 2026Median value$220K

The median home value in Lake City, FL 32055 is $220K as of September 2026, down 0.3% year over year, according to Zillow ZHVI. For a read on your own home, start with a free consultation: a licensed local pro will walk you through your numbers and your options, with no obligation.

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Typical 32055 range

$203K to $238K

This is an automated estimate, not an appraisal. Actual value is determined by current market conditions and professional evaluation. It is provided for informational purposes only and is not an offer to buy or a promise of value.

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12-month value trend

-0.3% over 12 months

Typical home value in 32055 over the last 12 months: $221K in Sep 2025 to $220K in Sep 2026 (-0.3%).

Sep 2025$221K

Sep 2026$220K

The numbers

What is the 32055 housing market like?

Typical home value

$220K

Down0.3%YoY

Median list price

$340K

Down1.5%MoM

Days on market

92

Up7.0%MoM

Homes for sale

60

Up11.1%MoM

Price cuts

16.6%

Up6.3%MoM

New listings

14

Up16.7%MoM

Sources · Zillow ZHVI (September 2026) / Realtor.com (September 2026) / FRED (October 2026)

The outlook

32055 housing market forecast 2027

-0.5%

Zillow forecast, 12 months to September 2027

Zillow forecasts typical home values in 32055 to fall 0.5% by September 2027.

Over the 12 months through September 2026, typical home values in 32055 fell 0.3%, per the Zillow Home Value Index.

Will home prices drop in 32055?

Zillow's forecast says they may: it expects typical home values in 32055 to fall 0.5% by September 2027, after a 0.3% decline over the past 12 months. Forecasts are not guarantees: mortgage rates, inventory, and the wider economy can move values either way.

Forecast: Zillow Home Value Forecast, published October 2026. A forecast, not a guarantee.

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The comparison

How do 32055 home prices compare?

  • 32055$220,169
  • Lake City$230,959
  • Florida$344,436
  • United States$285,347

Median Zillow home value (ZHVI), as of September 2026. Comparison levels are medians across every ZIP code with Zillow data (Lake City: 3 ZIPs; Florida: 923 ZIPs; United States: 26,262 ZIPs).

Context

As of September 2026, there were 60 homes for sale in Lake City, FL 32055, with 14 new listings added that month. The median list price was $339,500, while the typical home value sat at $220,169, down 0.3% over the past year. Homes moved slowly, with a median of 92 days on market, and 16.6% of listings had taken a price cut, which suggests some sellers started too high and adjusted later. For a homeowner weighing a sale, the honest read is that buyers have time to shop and compare, so pricing realistically from the start tends to work better than testing the market.

Monthly payment

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Common questions

What people ask us.

How much is a home in 32055 worth?

The typical home value in Lake City, FL 32055 was $220,169 as of September 2026, down 0.3% over the past year.

How long does it take to sell a home in 32055?

Homes in 32055 spent a median of 92 days on the market as of September 2026, so sellers should plan for a slower pace.

How many homes are for sale in 32055?

There were 60 homes for sale as of September 2026, with 14 new listings added that month.

Discover

Nearby ZIP markets.

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Guides for sellers.