Lake Wales, FL Home Values & Market Trends
Real estate market trends reflect that there have been 1,306 transactions over the past year in Lake Wales. The median value for residential home transactions that occurred over the previous year is $278,539. The number of current listings in Lake Wales is 1,249, and the percentage of properties for sale in the city is 1249.00%. Lake Wales, FL currently has 197 properties in foreclosure, 5 bank owned properties, 14 properties headed for auction, and 1,249 properties for sale.
Lake Wales, FL Real Estate Market Overview
Housing Market Summary for Lake Wales, FL
| Sep 2025 | September 2026 | Change | |
|---|---|---|---|
| Median Listing Price | $267K | $270K | 1.12% |
| Median Sold Price | $257.7K | $285.1K | 10.64% |
| Homes For Sale | 757 | 1,233 | 62.88% |
| Homes Sold | 515 | 482 | -6.41% |
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 $39,531 to $3,900,000. The median estimated value of a home in Lake Wales is $278,539. The median list price of a home is 270,000, and the total count of properties in the city is 2,123.
- Pre-ForeclosurePre-foreclosure homes account for 8.38% of all residential properties in Lake Wales, FL with 33898 containing 81 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 $2,200,000 in 33859 to the lowest home value of $99,947 in 33898.
- Bank OwnedThe median estimated home value of bank owned homes (REO properties) in Lake Wales, FL ranges from the highest value of $320,000 in 33853 to the lowest value of $115,000 in 33898. Bank owned homes and properties account for 0.24% of properties in Lake Wales, FL. There are 3 zips within Lake Wales, FL; 33898 containing 3 REO properties, has the highest number of bank owned properties in a single zip.
- Auctions33898 has 7 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 0.66% 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 $310,000 in 33859 to the lowest value of $129,000 in 33859.
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Guide for Lake Wales, FL
Foreclosure is a term that can sometimes lead to confusion for those looking to make a real estate investment. In simple terms, it refers to the process where a lender takes possession of a property after the owner fails to keep up with their mortgage payments. When it comes to land, this means that buyers […]
Descubre todo lo que necesitas saber sobre cómo comprar una casa en ejecución hipotecaria.
Learn how to buy a foreclosed home in Chicago, Illinois.
Tips to find a home in pre-foreclosure and get a good deal on a new home.
