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Lake Wales, FL Real Estate Guide

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Lake Wales Market Snapshot

Every figure below is computed from closed MLS transactions in Lake Wales over the trailing twelve months — what buyers and tenants actually paid, not asking prices — and refreshes continuously.

759
Homes sold, last 12 months
$265K
Median sale price
$161
Median price per sqft
50 days
Median time on market
236
Leases signed, last 12 months
$1,850/mo
Median rent achieved
$1
Median rent per sqft
54 days
Median time to lease
Homes Sold per Month
65Sep55Oct52Nov65Dec41Jan61Feb82Mar82Apr84May63Jun72Jul9Aug
Median Sale Price per Month
$299K$234KSepOctNovDecJanFebMarAprMayJunJulAug
Median Sale Price by Bedrooms
BedroomsSalesMedian price
1 bd17$96,000
2 bd171$172,000
3 bd323$257,740
4 bd180$294,525
5+ bd67$307,790
Sales by Property Type
TypeSalesMedian price
Single Family Residence592$284,445
Manufactured Home117$153,500
Condominium16$120,500
Townhouse15$236,990
Mobile Home8$100,000
12-Month Sales Trend
MonthHomes soldMedian price
Sep 202565$268,956
Oct 202555$280,000
Nov 202552$298,495
Dec 202565$264,400
Jan 202641$289,120
Feb 202661$234,000
Mar 202682$239,950
Apr 202682$266,495
May 202684$260,000
Jun 202663$265,000
Jul 202672$247,245
Aug 20269$298,929
Median Rent by Bedrooms
BedroomsLeasesMedian rent
Studio4$725/mo
1 bd15$900/mo
2 bd54$1,200/mo
3 bd55$1,800/mo
4 bd66$2,000/mo
5+ bd42$2,250/mo

Buying a Home in Lake Wales

A smart Lake Wales purchase begins with knowing what moves its market. Use the bedroom and property-type tables above to benchmark the segment you're shopping, then open the live map search to see what's on the market right now — every listing links through to full photos, details and a direct line to a licensed Florida broker.

In Florida, a financed purchase generally closes in 30 to 45 days, while an all-cash deal can wrap in as little as two weeks. A condo adds a board-approval step, and anything near the water carries insurance questions worth pricing before you write an offer — both are routine parts of a Lake Wales transaction when you plan for them early.

Renting in Lake Wales

Rentals turn over faster than sales — a well-priced Lake Wales unit is often under lease within weeks, and most annual leases ask for first month, last month and a security deposit up front. The rent tables above show what tenants actually committed to by bedroom count over the past year, and the live rental search lists every home and condo on offer today.

Featured Listings in Lake Wales

See every home for sale →
664 S LAKE STARR BOULEVARD, LAKE WALES, FL 33898
$2,245,000
4 bd · 4 ba · 4,545 sqft
664 S LAKE STARR BOULEVARD, LAKE WALES, FL 33898
2455 CANAL ROAD, LAKE WALES, FL 33898
$2,000,000
7 bd · 6 ba · 4,535 sqft
2455 CANAL ROAD, LAKE WALES, FL 33898
2300 N SCENIC HIGHWAY # 37E, LAKE WALES, FL 33898
$1,749,000
6 bd · 6 ba · 5,340 sqft
2300 N SCENIC HIGHWAY # 37E, LAKE WALES, FL 33898
3900 CHALET SUZANNE DRIVE, LAKE WALES, FL 33859
$1,450,000New
3 bd · 2 ba · 1,612 sqft
3900 CHALET SUZANNE DRIVE, LAKE WALES, FL 33859
2424 BURNS AVENUE, LAKE WALES, FL 33898
$1,200,000
2 bd · 2 ba · 1,693 sqft
2424 BURNS AVENUE, LAKE WALES, FL 33898
3629 GREAT MASTERPIECE ROAD, LAKE WALES, FL 33898
$1,200,000New
4 bd · 4 ba · 3,200 sqft
3629 GREAT MASTERPIECE ROAD, LAKE WALES, FL 33898

Lake Wales Real Estate FAQ

Is Lake Wales a good place to buy a home?

Let the figures on this page make the case for Lake Wales — real closed sales, the median sale price, and how long homes sat before selling over the trailing twelve months.

What is the median home price in Lake Wales?

The snapshot above reports the current 12-month median sale price for Lake Wales, together with price per square foot and medians split out by bedroom count and property type. Every figure is calculated from closed MLS sales and refreshed continuously — not lifted from a report that's already months old.

Condo or house in Lake Wales — which should I buy?

The property-type table above breaks Lake Wales sales into condos, single-family homes and townhomes, and shows where each segment's median landed over the past year. A condo brings monthly association dues and a board-approval step; a house carries its own insurance and upkeep. Each property type has its own live search page linked below.

Where can I see every home for sale in Lake Wales?

Open the Lake Wales map search — it shows every active MLS listing in the city, updated continuously, with the city boundary traced on the map and filters for property type, bedrooms and price.

Discover Your Perfect Home

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