Lake Wales, FL
Housing market overview · Updated weekly
$275,000median sale price
Homes sold
25
Last 12 weeks
Days on market
53
Average pace
Active listings
150
6.0 months supply
Sale-to-list
96.1%
Below asking
The Lake Wales housing market is currently classified as a buyer's market with a median sale price of $275,000. Prices have fallen 6.8% compared to last year, with homes spending an average of 53 days on market, indicating 6.0 months of inventory.This inventory level gives buyers significantly more negotiating power, allowing time to inspect properties thoroughly and potentially negotiate better terms.
Market trends
Homes for sale in Lake Wales
There are currently 150 homes listed for sale in Lake Wales, Florida. The median listing price is $273K.
Active listings
150
Homes on market
Median list price
$273K
Avg. days on market
53
Days until sale
New this week
33
Newly listed
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Frequently asked questions
What is the average home price in Lake Wales?
The median home sale price in Lake Wales is $275,000, down 6.8% from last year.
How long do homes stay on market in Lake Wales?
Homes typically spend 53 days on market before going under contract.
Is Lake Wales a buyer's or seller's market?
With 6.0 months of supply, Lake Wales is currently a buyer's market.
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