In October 2026, the median home sale price in Lake Wales, FL was $247,837, with homes selling in an average of 108 days — slower than the 21-day average last year, suggesting buyers have more negotiating room. A total of 54 homes sold in this period, up from 1 last year — a sign of an active market.
The median list price of Lake Wales, FL, was $234,728 in October 2026, compared to $204,950 in October 2025.
Lake Wales, FL Market Trend for Houses
Median List Price
The median list price of houses in Lake Wales, FL, was $289,995 in October 2026, compared to $326,995 in October 2025.
Lake Wales, FL Market Trend for Condos / Townhouses / Penthouses
Median List Price
The median list price of condos/co-ops in Lake Wales, FL, was $224,990 in October 2026, compared to $227,789 in October 2025.
Lake Wales, FL Market Trend for Lots/Land
Median List Price
The median list price of lots/land in Lake Wales, FL, was $56,950 in October 2026, compared to $167,500 in October 2025.
Lake Wales, FL Market Trend for Commercial
Median List Price
The median list price of commercial in Lake Wales, FL, was $323,450 in October 2026, compared to $19,500 in October 2025.
Lake Wales, FL Housing Market Analysis
There are currently 318 homes listed for sale in Lake Wales, FL, an increase of 736.84% 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 $287,576 (down 4.31% year-over-year), and the average price per square foot is $168 compared to $159 in 2025. Properties spend an average of 131 days on the market before going under contract.
