In August 2026, the median home sale price in Lake Wales (33898), FL was $217,000, with homes selling in an average of 112 days — slower than the 102-day average last year, suggesting buyers have more negotiating room. A total of 363 homes sold in this period, down from 421 last year.
The median list price of Lake Wales (33898), FL, was $144,900 in August 2026, compared to $125,000 in August 2025.
Lake Wales (33898), FL Market Trend for Houses
Median List Price
The median list price of houses in Lake Wales (33898), FL, was $317,250 in August 2026, compared to $319,538 in August 2025.
Lake Wales (33898), FL Market Trend for Condos / Townhouses / Penthouses
Median List Price
The median list price of condos/co-ops in Lake Wales (33898), FL, was $132,400 in August 2026, compared to $121,000 in August 2025.
Lake Wales (33898), FL Market Trend for Lots/Land
Median List Price
The median list price of lots/land in Lake Wales (33898), FL, was $49,000 in August 2026, compared to $49,000 in August 2025.
Lake Wales (33898), FL Market Trend for Commercial
Median List Price
The median list price of commercial in Lake Wales (33898), FL, was $395,000 in August 2026, compared to $0 in August 2025.
Lake Wales (33898), FL Housing Market Analysis
There are currently 367 homes listed for sale in Lake Wales (33898), FL, an increase of 45.06% compared to 2025. With more homes on the market than are selling each month, buyers may find more options and room to negotiate. The median asking price is $220,773 (up 4.33% year-over-year), and the average price per square foot is $180 compared to $163 in 2025. Properties spend an average of 289 days on the market before going under contract.
