Lake Wales, FL Home Values & Market Trends
Real estate market trends reflect that there have been 1,042 transactions over the past year in Lake Wales. The median value for residential home transactions that occurred over the previous year is $255,744.32. The number of current listings in Lake Wales is 111, and the percentage of properties for sale in the city is 111.00%. Lake Wales, FL currently has 121 properties in foreclosure, 4 bank owned properties, 8 properties headed for auction, and 111 properties for sale.
Lake Wales, FL Real Estate Market Overview
Housing Market Summary for Lake Wales, FL
| Apr 2023 | March 2024 | Change | |
|---|---|---|---|
| Median Listing Price | $266K | $253.9K | -4.57% |
| Median Sold Price | $264.8K | $253.9K | -4.12% |
| Homes For Sale | 96 | 109 | 13.54% |
| Homes Sold | 611 | 633 | 3.60% |
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%.
Recently Sold Homes
Explore recent offers and recently sold homes in Lake Wales, FL
Browse Homes in Lake Wales, FL
Lake Wales home values range from $17,984 to $31,000,364. The median estimated value of a home in Lake Wales is $255,744.32. The median list price of a home is 264,500, and the total count of properties in the city is 16,040.
- Pre-ForeclosurePre-foreclosure homes account for 0.68% of all residential properties in Lake Wales, FL with 33898 containing 46 pre-foreclosures, the highest number of pre-foreclosure properties in a single zip. There are 3 zips within Lake Wales, FL; of those zips, the estimated home value for pre-foreclosure homes ranges from $573,326 in 33898 to the lowest home value of $52,518 in 33859.
- Bank OwnedThe median estimated home value of bank owned homes (REO properties) in Lake Wales, FL ranges from the highest value of $213,750 in 33859 to the lowest value of $104,732 in 33898. Bank owned homes and properties account for 0.02% of properties in Lake Wales, FL. There are 3 zips within Lake Wales, FL; 33898 containing 2 REO properties, has the highest number of bank owned properties in a single zip.
- Auctions33853 has 3 auction properties, the highest number of properties going to auction in a single zip in the state of Lake Wales, FL. Auction homes and other auction properties account for 0.05% of all properties in Lake Wales, FL. There are 3 zips within Lake Wales, FL; of those zips, the median estimated home value for homes going to auction ranges from $285,750 in 33898 to the lowest value of $200,022 in 33898.
Compare Nearby Cities
More Real Estate Resources for Lake Wales, FL
Guide for Lake Wales, FL
The blog post discusses the fluctuating real estate market in Montgomery, Alabama, comparing its property values, cost per square foot, and market activity with neighboring cities, revealing the dynamic nature of regional real estate.
An analysis of the Tallahassee real estate market from April 2023 to March 2024 shows fluctuating property values and sale prices, yet consistently strong market activity, indicating a healthy and dynamic property landscape.
The Hialeah real estate market has displayed a significant upward trajectory from March 2023 to February 2024. This growth, accompanied by a strong demand and investor interest, highlights Hialeah’s economic stability and the persistent appeal of its real estate market, making it favorable for both homebuyers and investors.
This blog post provides an in-depth analysis of the real estate market trends in Jacksonville, Florida and nearby areas based on key metrics such as average property values, sold prices per square foot, and property counts. The data reveals a dynamic marketplace with fluctuating property values and varying sold prices per square foot.
