Lake City, MI Real Estate Market Summary – September 8, 2026
In Lake City, MI, the real estate market saw a total of 8 homes sold in the last 30 days. Properties are selling at a pace of 1 every 3.75 days, with an average of 17.5 days on the market before reaching a sale.
| Metric | 30 Days |
|---|---|
| Number Sold | 8 |
| Sold Per Day | 1 every 3.75 days |
| Average SQFT | 1376 |
| Median Sales Price | $238,750 |
| Average Sales Price | $225,238 |
| Average Price Per SQFT | $186 |
| Average Days on Market | 18 |
| Average Year Built | 1978 |
Lake City, MI Single Family Home Analysis
All 8 homes sold in the single-family segment shared similar metrics with the overall market. The average living area was approximately 1,376 square feet, and the average sale price was $225,238.
| Metric | 30 Days |
|---|---|
| Number Sold | 8 |
| Sold Per Day | 1 every 3.75 days |
| Average SQFT | 1376 |
| Median Sales Price | $238,750 |
| Average Sales Price | $225,238 |
| Average Price Per SQFT | $186 |
| Average Days on Market | 18 |
| Average Year Built | 1978 |
Lake City, MI Condo & Townhome Analysis
There is no market data available for that home type at this time.
Buyer & Seller Analysis
- Pace of new listings is 1 every 3.75 days.
- Average days on the market were 17.5.
- Average sale price for sold homes was $225,238.
- Data for condo and townhome segments is not available.
Conclusion
Overall, Lake City continues to show consistent activity in its single-family housing market, though the condo and townhome segment did not register any sales in this period.