• Lake Wales

    Why you'd want to live in Lake Wales

    Lake Wales offers a peaceful environment surrounded by natural beauty, including lakes, parks, and historic landmarks like the renowned Bok Tower Gardens. The city presents a range of real estate options from lakefront homes and traditional neighborhoods to open land suitable for custom builds or agricultural use. A revitalized downtown area and a focus on preserving historical character contribute to the city’s charm. Lake Wales is well-positioned for those seeking space, accessibility, and long-term real estate value in a setting that embraces both heritage and progress.

    Lake Wales Market Report

    $344,704

    AVERAGE PRICE OF 795 HOMES

    $186,844

    AVERAGE PRICE OF 9 DISTRESSED HOMES

    $3,190,445

    AVERAGE PRICE OF 29 MULTI-MILLION DOLLAR HOMES

    $295,101

    AVERAGE PRICE OF 97 NEWLY BUILT HOMES

    $664,278

    AVERAGE PRICE OF 57 HOMES WITH A POOL

    $292,712

    AVERAGE PRICE OF 22 REDUCED PRICE HOMES

    Average Home

    Average Price $344,704
    Avg Bedrooms 1.86 beds
    Avg Bathrooms 1.43 baths

    Average Price by Bedrooms

    1 bedroom $158,606
    2 bedrooms $199,424
    3 bedrooms $316,298
    4 bedrooms $400,164
    5 bedrooms $731,892
    Lake Wales Home Price Trends
      4/2026 3/2026 2/2026 1/2026 12/2025
    Total Listings 837 851 810 791 804
    Average Price $340,134 $336,414 $341,221 $336,775 $332,655
    Avg Price Change +1.11% -1.43% +1.32% +1.24% +2.50%
    Median Price $233,144 $227,146 $226,930 $225,476 $226,334
    Med Price Change +2.64% +0.10% +0.64% -0.38% -0.31%
    Avg Bedrooms 2.09 beds 1.79 beds 1.76 beds 1.58 beds 1.79 beds
    Avg Bathrooms 2.56 baths 2.13 baths 2.07 baths 1.68 baths 1.31 baths
    Home Price by High School
    School Name Total Homes Average Price Avg Days on Site
    Lake Wales Senior High 57 $359,700 110 days
    Total Homes Average Price Avg Days on Site
    All Homes 795 $344,704 203 days
    Distressed Homes 9 $186,844 208 days
    Multi-Million Dollar Homes 29 $3,190,445 252 days
    Newly Built Homes 97 $295,101 159 days
    Homes with a Pool 57 $664,278 103 days
    Reduced Price Homes 22 $292,712 90 days