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LAKE WALES, FL 33859

Real Estate Market Report  ·  Polk County
Balanced Market
March 2026  ·  Source: Realtor.com

Market Analysis

Data as of March 2026. Source: Realtor.com.

The LAKE WALES, FL real estate market (33859) currently shows 129 active listings, with 42 pending sales. Homes are averaging 85 days on the market before going under contract.

Inventory has tightened compared to last year, with 10 fewer active listings — creating more competition among buyers.

Homes are taking longer to sell, averaging 85 days on market compared to 67 days last year.

The median listing price has fallen 8.2% year-over-year, from $321,817 to $295,457.

Whether you are buying or selling in LAKE WALES, FL, SELL123.com can help you save significantly on commission — typically 2% compared to traditional 5% broker fees. Call (240) SELL-123 for a free consultation.

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Market Context

Market Context

Population: 11,081  ·  Density: 94.1/mi²  ·  Median household income: $61,815

Typical home value: $175,637  ·  Homeownership: 77.5%

Market Overview

Active Listings
129
⇩ 7.2% vs 139 last year
Pending
42
33% pending ratio
Median Price
$295,457
⇩ 8.2% vs $321,817 last year
Average Price
$344,054
⇩ 9.4% vs $379,691 last year
Days on Market
85
⇧ 26.9% vs 67 days last year

Price Per Square Foot

Median $/sqft
$184
⇩ 0.5% vs $185/sqft last year
Median Home Size
1,709 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 129 this year vs 139 last year
  • Days on market: 85 now vs 67 last year

Median & Average Pricing

Year over Year
  • Median: $295,457 (-8.2% YoY)
  • Average: $344,054 (-9.4% YoY)

12-Month Price Trend

Median & Average
  • Median and average listing prices over the past 12 months

12-Month Inventory Trend

Active & Pending
  • Active and pending listing counts over the past 12 months

Historical Trend Charts

Median Price
Average Price
Days on Market
Total Listings
Pending Listings
Active Listings
New Listings
Price Per Sqft
Price Reduced %

Nearby Real Estate Markets

Median Price Legend:
< $250K
$250K–$500K
$500K–$1M
$1M–$2M
> $2M
25 Nearby Zip Code Markets within 18.8 miles — 1,688 listings ($557,137,515 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
33859Lake Wales, FL 338590.0 mi121$41,000,850$299,950$338,850
33884Winter Haven, FL 338847.0 mi425$142,162,925$304,017$334,501
33827Babson Park, FL 338278.6 mi17$8,719,793$392,400$512,929
33839Eagle Lake, FL 338399.8 mi64$20,062,208$311,556$313,472
33851Lake Hamilton, FL 3385111.1 mi66$20,877,450$310,743$316,325
33880Winter Haven, FL 3388011.5 mi174$50,517,594$285,000$290,331
33843Frostproof, FL 3384312.9 mi63$23,337,531$325,000$370,437
33854Lakeshore, FL 3385413.6 mi16$1,787,984$106,999$111,749
33846Highland City, FL 3384616.1 mi1$374,900$374,900$374,900
33850Lake Alfred, FL 3385017.3 mi128$53,452,288$375,045$417,596
33855Indian Lake Estates, FL 3385517.8 mi26$8,972,080$344,950$345,080
34759Kissimmee, FL 3475918.5 mi584$185,196,912$299,900$317,118
33840Eaton Park, FL 3384018.8 mi3$675,000$225,000$225,000

Frequently Asked Questions

How many homes are for sale in LAKE WALES, FL 33859?

As of March 2026, there are 129 active listings in LAKE WALES, FL (zip code 33859), compared to 139 the prior year.

What is the median home price in LAKE WALES, FL 33859?

The median listing price in LAKE WALES, FL 33859 is $295,457 as of March 2026, a 8.2% decrease from $321,817 the prior year.

How long do homes stay on the market in LAKE WALES, FL?

Homes in LAKE WALES, FL 33859 spend an average of 85 days on the market before going under contract, compared to 67 days the prior year.

Is it a seller's or buyer's market in LAKE WALES, FL 33859?

Based on current inventory and days-on-market data as of March 2026, LAKE WALES, FL 33859 is currently a Balanced Market. Inventory has tightened compared to last year, with 10 fewer active listings — creating more competition among buyers. Homes are taking longer to sell, averaging 85 days on market compared to 67 days last year.

How much can I save on real estate commission in LAKE WALES, FL?

With SELL123.com's maximum 3% commission, sellers in LAKE WALES, FL 33859 save an estimated $5,909 compared to a typical 5% commission on the median listing price of $295,457. Our fee structure: 1% listing + 2% selling broker — no additional buyer or seller fees. Call (240) SELL-123 or email info@SELL123.com for a free consultation.