In August 2026, the median home sale price in Lake Wales, FL was $259,990, with homes selling in an average of 100 days — slower than the 89-day average last year, suggesting buyers have more negotiating room. A total of 908 homes sold in this period, up from 894 last year — a sign of an active market.
The median list price of Lake Wales, FL, was $190,000 in August 2026, compared to $210,000 in August 2025.
Lake Wales, FL Market Trend for Houses
Median List Price
The median list price of houses in Lake Wales, FL, was $291,000 in August 2026, compared to $296,245 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 $169,900 in August 2026, compared to $223,990 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 $49,000 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 $450,000 in August 2026, compared to $359,900 in August 2025.
Lake Wales, FL Housing Market Analysis
There are currently 639 homes listed for sale in Lake Wales, FL, an increase of 33.40% compared to 2025. With inventory tight relative to sales volume, sellers are in a strong position. The median asking price is $278,454 (up 5.60% year-over-year), and the average price per square foot is $171 compared to $167 in 2025. Properties spend an average of 243 days on the market before going under contract.
