The Lake Panasoffkee housing market is not very competitive. The median sale price of a home in Lake Panasoffkee was $240K last month, up 143.7% since last year. The median sale price per square foot in Lake Panasoffkee is $195, up 42.3% since last year.
What is the housing market like in Lake Panasoffkee today?
In June 2025, Lake Panasoffkee home prices were up 143.7% compared to last year, selling for a median price of $240K. On average, homes in Lake Panasoffkee sell after 52 days on the market compared to 68 days last year. There were 5 homes sold in June this year, up from 5 last year.
All Home Types
Median Sale PriceAll Home Types
Median Sale Price
(All Home Types)
$240,000
+143.7% YoY | Jun 2025
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
Jun 2025
Growth
% YoY
Lake Panasoffkee, FL
$240,000
+143.7%
United States
To compare other locations to the Lake Panasoffkee and U.S. housing market, enter a city, neighborhood, state, or zip code into the search bar. Learn which home features in Lake Panasoffkee add value to a home.
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How hot is the Lake Panasoffkee housing market?
Lake Panasoffkee is not very competitive. Homes sell in 97 days.
0
100
18
Not Very Competitive
Redfin Compete Score™
The Redfin Compete Score rates how competitive an area is on a scale of 0 to 100, where 100 is the most competitive.
Calculated over the last 6 months
Multiple offers are rare.
The average homes sell for about 5% below list price and go pending in around 97 days.
Hot homes
can sell for around list price and go pending in around 47 days.
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
Jun 2025
Growth
% YoY
Lake Panasoffkee, FL
93.2%
-0.59 pt
United States
Lake Panasoffkee Migration & Relocation Trends
In Feb '25 - Apr '25, 39% of Lake Panasoffkee homebuyers searched to move out of Lake Panasoffkee, while 61% looked to stay within the metropolitan area.
Where are people moving to Lake Panasoffkee from?
Across the nation, 2% of homebuyers searched to move into Lake Panasoffkee from outside metros.
New York homebuyers searched to move into Lake Panasoffkee more than any other metro followed by Miami and Washington.
Where are people from Lake Panasoffkee moving to?
61% of Lake Panasoffkee homebuyers searched to stay within the Lake Panasoffkee metropolitan area.
Palm Bay was the most popular destination among Lake Panasoffkee homebuyers followed by Cape Coral and Sarasota.
This data does not reflect actual moves. The latest migration analysis is based on a sample of about two
million Redfin.com users who searched for homes across more than 100 metro areas. To be included in this dataset, a Redfin.com user
must have viewed at least 10 homes in a three month period. This dataset excludes all rentals data.
View houses in Lake Panasoffkee that sold recently
School data provided by GreatSchools. School service boundaries are intended to be used as reference only. To verify enrollment eligibility for a property, contact the school directly.
Climate's impact on Lake Panasoffkee housing
Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that
could impact homes in Lake Panasoffkee.
Flood Factor - Minor
9% of properties are at risk of severe flooding over the next 30 years
Flood Factor
Lake Panasoffkee has a minor risk of flooding. 161 properties in Lake Panasoffkee are likely to be
severely affected
by flooding over the next 30 years. This represents 9% of all properties in Lake Panasoffkee. Flood risk is increasing slower than the national average.
91% of properties are at risk of wildfire over the next 30 years
Fire Factor
Lake Panasoffkee has a moderate risk of wildfire. There are 2,639 properties in Lake Panasoffkee that have some risk of being affected by wildfire over the next 30 years. This represents 91% of all properties in Lake Panasoffkee.
100% of properties are at extreme
risk of a severe wind event over the next 30 years
Wind Factor
Lake Panasoffkee has an Extreme Wind Factor® risk based on the projected likelihood and speed of hurricane, tornado, or severe storm winds impacting it. Lake Panasoffkee is most at risk from hurricanes. 2,892 properties in Lake Panasoffkee have some risk of being in a severe wind event within the next 30 years.
Wind likelihood over time
If an exceedingly rare windstorm
(a 1-in-3,000 year storm event)
occurred today, it could cause wind gusts of up to 161 mph. In 30 years, an event of this same likelihood would show increased wind gusts of up to 168 mph.
93% of properties are at severe
risk of heat over the next 30 years
Heat Factor
Lake Panasoffkee has a severe risk from heat. This is due to
"feels like" temperatures
increasing, and because 93% of homes in Lake Panasoffkee have a Severe Heat Factor®.
Lake Panasoffkee is expected to see a 228% increase in the number of days over 108ºF over the next 30 years. Lake Panasoffkee is expected to experience 7