Neighborhood
Lake CityLake City, Michigan
Lake City is a residential neighborhood in Reeder Twp, located in the Lake City, Michigan area of Washtenaw County. The housing stock consists primarily of single-family properties built between 1854 and 2026. The average home is 1,604 square feet with 3 bedrooms. Home values in Lake City center around a median of $219,000, with the past year's sales spanning $65,000 to $335,000. That works out to a median of $150 per square foot. The Lake City real estate market currently has 7 active listings and 1 pending, with asking prices from $65,000 to $499,900. At the current pace of 15 sales per year, Lake City's 8 active listings represent 5.6 months of supply, indicating a balanced market. Homes sell in an average of 65 days on market. Sellers in Lake City benefit from 15 comparable sales over the past 12 months for accurate pricing.
Residential Overview
7Active Listings
$219,000Median Sale Price (past 12mo)
65daysAvg Days on Market
$150Price per Sqft
15Sold (past 12mo)
5.6moBalanced Market
1956Avg Year Built
1,604 sqftAvg Size
3.0Avg Beds
1.4Avg Baths
16,988 sqftAvg Lot
Homes for Sale(7)
For Sale
1/60
$499,900
602 S King Street, Lake City, MI 49651
3 bd2 ba0.34 ac
FHA
Single Family
Under Contract
1/55
$239,900
506 Prospect Street, Lake City, MI 49651
4 bd1 ba0.23 ac
FHA
Single Family
For Sale
1/39
$199,900
401 N Main Street, Lake City, MI 49651
3 bd1 ba0.12 ac
FHA
Single Family
For Sale
1/23
$195,000
108 S Huron, Lake City, MI 49651
5 bd2 ba0.28 ac
Single Family
Under Contract
1/39
$189,900
209 N Pine Street, Lake City, MI 49651
5 bd2 ba0.11 ac
Single Family
For Sale
1/41
$175,000
226 S Gladwin Street, Lake City, MI 49651
3 bd1 ba0.68 ac
Single Family
For Sale
1/31
$65,000
213 N Pine Street, Lake City, MI 49651
2 bd1 ba0.12 ac
Single Family
Commercial(4)
Land(2)
Market Analytics
Recently Sold Residential (46)
Frequently Asked Questions about Lake City
How much do homes cost in Lake City?
Homes in Lake City sell for a median of $219,000, drawn from 15 transactions over the past 12 months. Sale prices have ranged from $65,000 to $335,000. That works out to roughly $150 per square foot.
What is the current inventory in Lake City?
Lake City currently has 7 homes listed for sale. Asking prices range from $65,000 to $499,900. 1 additional listing is pending or under contract.
What types of homes are in Lake City?
Lake City consists primarily of single family residence properties built between 1854 and 2026. The average home size is 1,604 square feet. Homes typically have 3 bedrooms.
How long do homes stay on the market in Lake City?
The average days on market in Lake City is 65, drawn from 15 recent transactions.
What are market conditions like in Lake City?
At the current pace, Lake City has 5.6 months of inventory — a balanced market. There are 7 active listings against 15 closed sales in the past year.
How much land do homes sit on in Lake City?
The average lot size in Lake City is 16,988 sqft. Actual lot sizes vary — check individual listings for specific dimensions.
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