In June 2026, the median home sale price in Lake Wales, FL was $262,990, with homes selling in an average of 96 days — slower than the 88-day average last year, suggesting buyers have more negotiating room. A total of 948 homes sold in this period, up from 918 last year — a sign of an active market.
The median list price of Lake Wales, FL, was $191,000 in June 2026, compared to $214,950 in June 2025.
Lake Wales, FL Market Trend for Houses
Median List Price
The median list price of houses in Lake Wales, FL, was $298,500 in June 2026, compared to $290,510 in June 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 $146,900 in June 2026, compared to $227,890 in June 2025.
Lake Wales, FL Market Trend for Lots/Land
Median List Price
The median list price of lots/land in Lake Wales, FL, was $50,000 in June 2026, compared to $49,000 in June 2025.
Lake Wales, FL Market Trend for Commercial
Median List Price
The median list price of commercial in Lake Wales, FL, was $444,500 in June 2026, compared to $315,000 in June 2025.
Lake Wales, FL Housing Market Analysis
There are currently 679 homes listed for sale in Lake Wales, FL, an increase of 37.45% compared to 2025. With inventory tight relative to sales volume, sellers are in a strong position. The median asking price is $278,483 (up 5.42% year-over-year), and the average price per square foot is $169 compared to $167 in 2025. Properties spend an average of 235 days on the market before going under contract.
