Lake Panasoffkee, FL Home Values & Market Trends

Real estate market trends reflect that there have been 132 transactions over the past year in Lake Panasoffkee. The median value for residential home transactions that occurred over the previous year is $227,967. The number of current listings in Lake Panasoffkee is 28, and the percentage of properties for sale in the city is 28.00%. Lake Panasoffkee, FL currently has 16 properties in foreclosure, 1 bank owned properties, 1 properties headed for auction, and 28 properties for sale.

Lake Panasoffkee, FL Real Estate Market Overview

ZipMedian Est. Value
33538

$ 231,000

$ 183/sqft

Housing Market Summary for Lake Panasoffkee, FL

Mar 2023February 2024Change
Median Listing Price$229K$231.9K1.28%
Median Sold Price$235K$231.9K-1.31%
Homes For Sale192531.58%
Homes Sold68691.47%
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Price Per Square Foot

On an average, Single Family homes cost $33 more per sqft than Condos. In comparison with sales price/sqft last week, list price/sqft of Single Family homes increased by 1.93% whereas, list price/sqft of Condos increased by 9.38%.

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Browse Homes in Lake Panasoffkee, FL

Lake Panasoffkee home values range from $28,857 to $1,870,800. The median estimated value of a home in Lake Panasoffkee is $227,967. The median list price of a home is 242,450, and the total count of properties in the city is 2,619.

Foreclosure
There is 1 zips within Lake Panasoffkee, FL; within this zips, the median estimated home value for homes in foreclosure ranges from $1,435,986 in 33538 to the lowest value of $81,624 in 33538. Foreclosure homes account for 0.00% of properties in Lake Panasoffkee, FL with 33538 containing 16 foreclosures, the highest number of foreclosure properties in a single zip.
  • Pre-Foreclosure
    Pre-foreclosure homes account for 0.53% of all residential properties in Lake Panasoffkee, FL with 33538 containing 14 pre-foreclosures, the highest number of pre-foreclosure properties in a single zip. There is 1 zips within Lake Panasoffkee, FL; of that zips, the estimated home value for pre-foreclosure homes ranges from $1,435,986 in 33538 to the lowest home value of $81,624 in 33538.
  • Bank Owned
    The median estimated home value of bank owned homes (REO properties) in Lake Panasoffkee, FL ranges from the highest value of $89,594 in 33538 to the lowest value of $89,594 in 33538. Bank owned homes and properties account for 0.04% of properties in Lake Panasoffkee, FL. There is 1 zips within Lake Panasoffkee, FL; 33538 containing 1 REO properties, has the highest number of bank owned properties in a single zip.
  • Auctions
    33538 has 1 auction properties, the highest number of properties going to auction in a single zip in the state of Lake Panasoffkee, FL. Auction homes and other auction properties account for 0.04% of all properties in Lake Panasoffkee, FL. There is 1 zips within Lake Panasoffkee, FL; of that zips, the median estimated home value for homes going to auction ranges from $0 in 33538 to the lowest value of $0 in 33538.
Homes for Sale
Homes and properties that are actively listed for sale account for 1.07% of residential properties in Lake Panasoffkee, FL with 33538 containing 28 homes for sale, the highest number of listed properties in a single zip. There is 1 zips within Lake Panasoffkee, FL; homes for sale in that zips, have a range of median values from $1,435,986 in 33538 to the lowest value of $144,762 in 33538.
    Sold Homes
    The median value for recently sold homes ranges from $447,233 in 33538 to the lowest price of $32,484 in 33538. There is 1 zips within Lake Panasoffkee, FL. 33538 has 71 recently sold homes, the highest number of recently sold properties in a single zip. Recently sold homes and properties account for 2.71% of properties in Lake Panasoffkee, FL.

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      Guide for Lake Panasoffkee, FL

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      Newark Real Estate Market Report, March 2024
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      The Newark real estate market from 2023 to 2024 exhibited a strong upward growth pattern, with slight fluctuations in property values and sale price per square foot.