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LAKE WALES, FL 33898

Real Estate Market Report  ·  Polk County
Buyer's Market
July 2026  ·  Source: Realtor.com

Market Analysis

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

The LAKE WALES, FL real estate market (33898) currently shows 136 active listings, with 22 pending sales. Homes are averaging 113 days on the market before going under contract.

Inventory has increased compared to last year, with 2 more homes available — giving buyers more choice.

Homes are taking longer to sell, averaging 113 days on market compared to 81 days last year.

The median listing price has fallen 3.2% year-over-year, from $325,500 to $314,993.

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: 17,066  ·  Density: 22.2/mi²  ·  Median household income: $53,717

Typical home value: $146,274  ·  Homeownership: 82.5%

Market Overview

Active Listings
136
⇧ 1.5% vs 134 last year
Pending
22
16% pending ratio
Median Price
$314,993
⇩ 3.2% vs $325,500 last year
Average Price
$379,757
⇩ 22.3% vs $488,893 last year
Days on Market
113
⇧ 39.5% vs 81 days last year

Price Per Square Foot

Median $/sqft
$191
vs $191/sqft last year
Median Home Size
1,533 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 136 this year vs 134 last year
  • Days on market: 113 now vs 81 last year

Median & Average Pricing

Year over Year
  • Median: $314,993 (-3.2% YoY)
  • Average: $379,757 (-22.3% 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 27.1 miles — 2,311 listings ($831,555,062 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
33898Lake Wales, FL 338980.0 mi142$80,966,270$339,900$570,185
33854Lakeshore, FL 338543.9 mi16$1,787,984$106,999$111,749
33827Babson Park, FL 3382710.3 mi17$8,719,793$392,400$512,929
33853Lake Wales, FL 3385315.0 mi86$21,890,870$254,475$254,545
34739Kenansville, FL 3473915.8 mi6$2,869,932$384,675$478,322
34759Kissimmee, FL 3475918.2 mi584$185,196,912$299,900$317,118
33838Dundee, FL 3383820.1 mi71$22,148,166$282,500$311,946
33884Winter Haven, FL 3388422.1 mi425$142,162,925$304,017$334,501
34772Saint Cloud, FL 3477223.0 mi372$181,424,400$429,973$487,700
33872Sebring, FL 3387225.4 mi252$78,970,752$306,495$313,376
33881Winter Haven, FL 3388126.1 mi275$84,989,850$288,675$309,054
33839Eagle Lake, FL 3383926.4 mi64$20,062,208$311,556$313,472
33836Davenport, FL 3383627.1 mi1$365,000$365,000$365,000

Frequently Asked Questions

How many homes are for sale in LAKE WALES, FL 33898?

As of July 2026, there are 136 active listings in LAKE WALES, FL (zip code 33898), compared to 134 the prior year.

What is the median home price in LAKE WALES, FL 33898?

The median listing price in LAKE WALES, FL 33898 is $314,993 as of July 2026, a 3.2% decrease from $325,500 the prior year.

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

Homes in LAKE WALES, FL 33898 spend an average of 113 days on the market before going under contract, compared to 81 days the prior year.

Is it a seller's or buyer's market in LAKE WALES, FL 33898?

Based on current inventory and days-on-market data as of July 2026, LAKE WALES, FL 33898 is currently a Buyer's Market. Inventory has increased compared to last year, with 2 more homes available — giving buyers more choice. Homes are taking longer to sell, averaging 113 days on market compared to 81 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 33898 save an estimated $6,300 compared to a typical 5% commission on the median listing price of $314,993. 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.