In August 2026, the median home sale price in Lake Wales, FL was $259,900, with homes selling in an average of 98 days — slower than the 88-day average last year, suggesting buyers have more negotiating room. A total of 930 homes sold in this period, up from 917 last year — a sign of an active market.
The median list price of Lake Wales, FL, was $195,000 in August 2026, compared to $209,000 in August 2025.
Lake Wales, FL Market Trend for Houses
Median List Price
The median list price of houses in Lake Wales, FL, was $294,995 in August 2026, compared to $297,283 in August 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 $165,000 in August 2026, compared to $222,990 in August 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 August 2026, compared to $49,000 in August 2025.
Lake Wales, FL Market Trend for Commercial
Median List Price
The median list price of commercial in Lake Wales, FL, was $462,450 in August 2026, compared to $337,450 in August 2025.
Lake Wales, FL Housing Market Analysis
There are currently 682 homes listed for sale in Lake Wales, FL, an increase of 38.62% compared to 2025. With inventory tight relative to sales volume, sellers are in a strong position. The median asking price is $276,385 (up 5.53% year-over-year), and the average price per square foot is $170 compared to $167 in 2025. Properties spend an average of 236 days on the market before going under contract.
