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LAKE WALES, FL 33859

Real Estate Market Report
Balanced Market
February 2026  ·  Source: Realtor.com

Market Analysis

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

The LAKE WALES, FL real estate market (33859) currently shows 121 active listings, with 29 pending sales. Homes are averaging 111 days on the market before going under contract.

Inventory has tightened compared to last year, with 7 fewer active listings — creating more competition among buyers.

Homes are taking longer to sell, averaging 111 days on market compared to 67 days last year.

The median listing price has fallen 8.3% year-over-year, from $327,240 to $299,950.

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
121
⇩ 5.5% vs 128 last year
Pending
29
24% pending ratio
Median Price
$299,950
⇩ 8.3% vs $327,240 last year
Average Price
$338,850
⇩ 13.6% vs $392,328 last year
Days on Market
111
⇧ 65.7% vs 67 days last year

Price Per Square Foot

Median $/sqft
$187
⇩ 1.6% vs $190/sqft last year
Median Home Size
1,684 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 121 this year vs 128 last year
  • Days on market: 111 now vs 67 last year

Median & Average Pricing

Year over Year
  • Median: $299,950 (-8.3% YoY)
  • Average: $338,850 (-13.6% 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 19.4 miles — 1,797 listings ($596,191,192 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
33859Lake Wales, FL 338590.0 mi120$41,257,200$306,495$343,810
33884Winter Haven, FL 338847.0 mi394$134,959,578$310,000$342,537
33838Dundee, FL 338389.4 mi61$18,861,444$279,900$309,204
33830Bartow, FL 3383010.7 mi157$58,545,928$337,478$372,904
33880Winter Haven, FL 3388011.5 mi180$55,022,400$289,900$305,680
33843Frostproof, FL 3384312.9 mi59$22,310,496$325,000$378,144
33854Lakeshore, FL 3385413.6 mi19$2,125,986$109,000$111,894
33846Highland City, FL 3384616.1 mi2$638,900$319,450$319,450
33850Lake Alfred, FL 3385017.3 mi122$50,399,176$367,678$413,108
33855Indian Lake Estates, FL 3385517.8 mi24$8,385,120$339,500$349,380
34759Kissimmee, FL 3475918.5 mi556$176,034,048$299,999$316,608
33840Eaton Park, FL 3384018.8 mi2$450,000$225,000$225,000
33801Lakeland, FL 3380119.4 mi101$27,200,916$256,000$269,316

Frequently Asked Questions

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

As of February 2026, there are 121 active listings in LAKE WALES, FL (zip code 33859), compared to 128 the prior year.

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

The median listing price in LAKE WALES, FL 33859 is $299,950 as of February 2026, a 8.3% decrease from $327,240 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 111 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 February 2026, LAKE WALES, FL 33859 is currently a Balanced Market. Inventory has tightened compared to last year, with 7 fewer active listings — creating more competition among buyers. Homes are taking longer to sell, averaging 111 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 $5,999 compared to a typical 5% commission on the median listing price of $299,950. 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.