Comprehensive market data and analysis• Updated Oct 2026
10.5 months of supply
High inventory favors buyers with more choices and negotiating power.
| Acreage | 30D | 3M | 6M | 12M |
|---|---|---|---|---|
| 0-1 acres | 1 | 1 | 1 | 3 |
| 1-2 acres | - | - | - | 1 |
| 2-5 acres | - | - | - | 2 |
| 5-10 acres | - | 1 | 1 | 1 |
| 10-20 acres | - | - | - | - |
| 20-50 acres | - | - | - | - |
| 50-100 acres | - | - | - | - |
| 100+ acres | - | - | - | - |
| TOTAL | 1 | 2 | 2 | 7 |
Acreage buckets
The median price for land in Lake City, Tennessee is currently $41K per acre. For a typical parcel, the median sale price is $54K. Market volatility is currently moderate, meaning prices can vary moderately based on location and access. Recently, the cheapest land sold for $20K while premium lots reached $92K.
Lake City, Tennessee is currently a buyer's market with 10.5 months of supply. Buyers have more negotiating power and can take time to find the right property.
Lake City, Tennessee currently has 10.5 months of inventory supply. This indicates a buyer's market. Low supply means competition for available properties is high.
The 3-month absorption rate in Lake City, Tennessee is 9.5%. The 12-month rate is 7.1%. Absorption rate shows what percentage of available inventory is being sold, with higher rates indicating stronger buyer demand.
Over the past 12 months, Lake City, Tennessee saw 6 properties sold, totaling $332K in sales volume. In just the last 3 months, 2 properties changed hands.
Land in Lake City, Tennessee averages $43K per acre. The median price per acre is $41K, which may be more representative of typical transactions. Most parcels sold are around 1.4 acres.
There are currently 7 active listings in Lake City, Tennessee. 5 new listings have hit the market in the last 90 days. The median asking price is $163K.
Market statistics are compiled from multiple sources including LandyDandy listings, Zillow.com, Realtor.com, Redfin.com, county records, and MLS data. While we strive for accuracy, these figures are estimates and may not reflect 100% of market activity, and some transactions are reported late. The date at the top of the page is the report date. For the most accurate assessment of a specific property, we recommend consulting with a local real estate professional.
See land for sale and off-market property records in Lake City on LandyDandy.
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