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LAKE WALES, FL 33898

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 (33898) currently shows 142 active listings, with 23 pending sales. Homes are averaging 76 days on the market before going under contract.

Inventory has increased compared to last year, with 6 more homes available — giving buyers more choice.

Homes are selling faster, averaging 76 days on market compared to 93 days last year.

The median listing price has risen 9% year-over-year, from $311,770 to $339,900.

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
142
⇧ 4.4% vs 136 last year
Pending
23
16% pending ratio
Median Price
$339,900
⇧ 9% vs $311,770 last year
Average Price
$570,185
⇧ 23.3% vs $462,269 last year
Days on Market
76
⇩ 18.3% vs 93 days last year

Price Per Square Foot

Median $/sqft
$193
⇧ 6.6% vs $181/sqft last year
Median Home Size
1,670 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 142 this year vs 136 last year
  • Days on market: 76 now vs 93 last year

Median & Average Pricing

Year over Year
  • Median: $339,900 (+9% YoY)
  • Average: $570,185 (+23.3% 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 28.0 miles — 2,107 listings ($727,346,618 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
33898Lake Wales, FL 338980.0 mi132$73,389,360$339,900$555,980
33854Lakeshore, FL 338543.9 mi19$2,125,986$109,000$111,894
33827Babson Park, FL 3382710.3 mi16$8,104,672$374,900$506,542
33853Lake Wales, FL 3385315.0 mi79$21,434,754$260,000$271,326
34739Kenansville, FL 3473915.8 mi5$2,401,400$389,000$480,280
34759Kissimmee, FL 3475918.2 mi556$176,034,048$299,999$316,608
33851Lake Hamilton, FL 3385122.1 mi61$19,678,661$313,394$322,601
33844Haines City, FL 3384422.4 mi539$195,956,684$320,000$363,556
33870Sebring, FL 3387023.1 mi166$43,856,038$234,900$264,193
34758Kissimmee, FL 3475825.7 mi323$108,788,661$329,900$336,807
33839Eagle Lake, FL 3383926.4 mi53$16,665,426$310,000$314,442
33836Davenport, FL 3383627.1 mi1$365,000$365,000$365,000
33830Bartow, FL 3383028.0 mi157$58,545,928$337,478$372,904

Frequently Asked Questions

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

As of February 2026, there are 142 active listings in LAKE WALES, FL (zip code 33898), compared to 136 the prior year.

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

The median listing price in LAKE WALES, FL 33898 is $339,900 as of February 2026, a 9% increase from $311,770 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 76 days on the market before going under contract, compared to 93 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 February 2026, LAKE WALES, FL 33898 is currently a Balanced Market. Inventory has increased compared to last year, with 6 more homes available — giving buyers more choice. Homes are selling faster, averaging 76 days on market compared to 93 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 $6,798 compared to a typical 5% commission on the median listing price of $339,900. 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.