Lake Wales Home Values (2026): What Houses Are Actually Selling For
Lake Wales, Polk County, Florida · Momentum Research · updated 2026-09-25
Homes in Lake Wales sold for a median of $289,025 over the last 12 months (345 recorded sales), $164 per square foot, and prices are down 2.1% year over year. The typical sale took 73 days to go under contract and closed at 94.2% of the original asking price. Long run: 10.1% a year since 2014 (median $91K then). No algorithm can price your specific house from that; a records-based valuation can. The data first, then how to get one.
Lake Wales home values year by year
Median recorded sale price, price per square foot, days to contract and sale-to-ask for every year we hold Lake Wales sales. The compound growth rate works out to 10.1% a year since 2014 (median $91K then).
| Year | Median sale | $/sq ft | Days to contract | Sale-to-ask | Sales |
|---|---|---|---|---|---|
| 2014 | $91,066 | $52 | 60 | 91.0% | 15 |
| 2015 | $151,702 | $85 | 93 | 91.9% | 37 |
| 2016 | $128,841 | $81 | 90 | 92.5% | 135 |
| 2017 | $154,823 | $96 | 90 | 91.7% | 156 |
| 2018 | $191,423 | $111 | 233 | 88.9% | 26 |
| 2019 | $195,319 | $110 | 79 | 90.6% | 22 |
| 2022 | $320,605 | $166 | 18 | 98.6% | 219 |
| 2023 | $350,677 | $179 | 32 | 95.5% | 58 |
| 2024 | $334,303 | $184 | 57 | 93.8% | 258 |
| 2025 | $301,276 | $178 | 63 | 95.3% | 335 |
| 2026 | $325,026 | $170 | 74 | 94.2% | 345 |
Where the Lake Wales market is tight, by price band
Months of supply is active inventory divided by the monthly sales pace; under about four months favors sellers, over six favors buyers. Find your band before you price.
Lake Wales home values by ZIP code
Active listings and list medians from our feeds today; the typical value and one-year change are Zillow’s ZHVI for the ZIP, which tracks the whole housing stock rather than only what sold.
| ZIP | Active listings | Median list | Typical value (ZHVI) | 1-yr change | Listings with a price cut |
|---|---|---|---|---|---|
| 33898 | 155 | $250,000 | $249,889 | -1.7% | 19% |
| 33859 | 113 | $259,993 | $271,843 | -3.8% | 19% |
| 33853 | 63 | $249,500 | $220,306 | -2.4% | 24% |
| 33854 | 13 | $95,000 | $89,074 | +1.1% | n/a |
| 33867 | 3 | $199,000 | n/a | n/a | n/a |
| 33855 | 1 | $399,900 | $292,982 | +0.4% | 30% |
Home values by community in Lake Wales
The communities with the most recorded sales in the last 12 months. Each links to its own home-value page with the full price history.
| Community | Median sale | Year over year | Days to contract | Sales (12 mo) | Active |
|---|---|---|---|---|---|
| ANNABELLE ESTATES | $283,399 | n/a | 79 | 48 | 0 |
| LAKE ASHTON GOLF CLUB PH 01 | $345,000 | -6.8% | 66 | 44 | 0 |
| HUNT CLUB GROVES 50S | $289,025 | -0.3% | 10 | 41 | 0 |
| SADDLEBAG LAKE | $135,000 | -0.7% | 105 | 21 | 0 |
| TAYLOR GROVES | $295,620 | +3.0% | 46 | 21 | 0 |
| RESERVE AT FOREST LAKE - PHASE 1 | $308,607 | +4.6% | 160 | 16 | 0 |
| Walk In Water Lake Estates | $330,000 | -10.8% | 50 | 16 | 0 |
| WALK IN WATER LAKE ESTATES PH 03 | $335,000 | -14.1% | 50 | 15 | 0 |
| CHALET ESTATES | $235,000 | -12.3% | 152 | 13 | 0 |
| LEOMAS LANDING | $246,740 | n/a | 31 | 8 | 0 |
| LAKE WALES ESTATES | $165,000 | n/a | 57 | 7 | 0 |
| MOUNTAIN LAKE UNREC | $2,600,000 | +44.4% | 49 | 7 | 0 |
What moves the sale price in Lake Wales beyond the medians
Cash paid for about 30% of recent Lake Wales closings. New construction was 49% of sales, which sets the ceiling on what resale buyers will pay for a comparable resale. Sellers have been closing at 94.2% of original asking, so the list price is a negotiation opener, not the number. Zillow’s ZIP metrics put the city’s price-to-income ratio near 4.65 and five-year appreciation near +3.3%. Property mix: Single Family Residence 79%, Manufactured Home - Post 1977 11%, Townhouse 5%. Condition, lot, roof age, insurance quote and the specific street’s last three closings move an individual house well outside these ranges.
What is my house worth in Lake Wales?
Not a number this page can give you, and not one an automated model can either: every value above is a median of many Lake Wales sales, and the spread inside it is wide. A records-based valuation pulls the recorded closings on your street and in your community, adjusts for size, condition, lot and what your home has that the comps do not, and comes back as a written range with a net sheet showing what you would clear at each price after commissions, Florida doc stamps, title and payoff. Momentum Realty does that for Lake Wales owners at no cost through the form below; the Messtimate gives a square-footage range in the meantime, and the seller net proceeds calculator runs the arithmetic on any price you are considering.
Selling in Lake Wales: next steps
- Best time of year to sell in Polk County
- Seller net proceeds calculator
- Polk County property tax rate and calculator (what a buyer will pay after your sale)
- Homes for sale in Lake Wales right now (your competition)
- Lake Wales housing market: live data and trends
- How Momentum sells homes
Frequently asked questions
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Which Lake Wales communities hold value best?
Figures are recorded closed sales and active listings from the MLS feeds behind our Lake Wales pages, aggregated by Momentum Research as of 2026-09-25; ZIP typical values from Zillow (ZHVI). Community-level aggregates only; nothing on this page is a valuation of any specific property, an appraisal, or an offer. Deemed reliable but not guaranteed. EAB RE Investments LLC dba Momentum Realty, a licensed Florida real estate brokerage. Equal Housing Opportunity.