In October 2026, the median home sale price in Lake Wales (33898), FL was $215,000, with homes selling in an average of 116 days — slower than the 98-day average last year, suggesting buyers have more negotiating room. A total of 372 homes sold in this period, down from 409 last year.
The median list price of Lake Wales (33898), FL, was $142,800 in October 2026, compared to $139,000 in October 2025.
Lake Wales (33898), FL Market Trend for Houses
Median List Price
The median list price of houses in Lake Wales (33898), FL, was $320,000 in October 2026, compared to $332,450 in October 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 $124,950 in October 2026, compared to $121,000 in October 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 October 2026, compared to $49,000 in October 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 October 2026, compared to $209,250 in October 2025.
Lake Wales (33898), FL Housing Market Analysis
There are currently 389 homes listed for sale in Lake Wales (33898), FL, an increase of 55.60% 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 $217,989 (up 2.63% year-over-year), and the average price per square foot is $173 compared to $161 in 2025. Properties spend an average of 285 days on the market before going under contract.
