In October 2026, the median home sale price in Lake Wales, FL was $252,990, with homes selling in an average of 102 days — slower than the 86-day average last year, suggesting buyers have more negotiating room. A total of 912 homes sold in this period, down from 929 last year.
The median list price of Lake Wales, FL, was $199,000 in October 2026, compared to $209,000 in October 2025.
Lake Wales, FL Market Trend for Houses
Median List Price
The median list price of houses in Lake Wales, FL, was $291,995 in October 2026, compared to $296,490 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 $222,555 in October 2026, compared to $222,990 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 $49,900 in October 2026, compared to $49,000 in October 2025.
Lake Wales, FL Market Trend for Commercial
Median List Price
The median list price of commercial in Lake Wales, FL, was $474,950 in October 2026, compared to $315,000 in October 2025.
Lake Wales, FL Housing Market Analysis
There are currently 694 homes listed for sale in Lake Wales, FL, an increase of 43.98% compared to 2025. With inventory tight relative to sales volume, sellers are in a strong position. The median asking price is $290,380 (up 14.77% year-over-year), and the average price per square foot is $164 compared to $163 in 2025. Properties spend an average of 240 days on the market before going under contract.
