In May 2024, Lake Wales, FL homes were selling for an average price of $264,112, Lake Wales, FL homes on average sell after 70 days on the market compared to 57 days last year. There were 1018 homes sold in Lake Wales, FL for May 2024, compared to 932 last year.
The average list price of Lake Wales, FL, was $311,912 in May 2024, compared to $265,752 in May 2023.
Lake Wales, FL Market Trend for Houses
Average List Price
The average list price of houses in Lake Wales, FL, was $383,095 in May 2024, compared to $354,889 in May 2023.
Lake Wales, FL Market Trend for Condos / Townhouses / Penthouses
Average List Price
The average list price of condos/co-ops in Lake Wales, FL, was $144,225 in May 2024, compared to $133,000 in May 2023.
Lake Wales, FL Market Trend for Lots/Land
Average List Price
The average list price of lots/land in Lake Wales, FL, was $231,738 in May 2024, compared to $133,793 in May 2023.
Lake Wales, FL Market Trend for Commercial
Average List Price
The average list price of commercial in Lake Wales, FL, was $798,726 in May 2024, compared to $461,947 in May 2023.
Lake Wales, FL Housing Market Analysis
The average list price in Lake Wales, FL is $311,912. The average list price in Lake Wales, FL went up 16.01% from 2023 to 2024. Lake Wales, FL home resale inventories is 464, which increased 38.51% since 2023. The average list price per square foot in Lake Wales, FL is $203. 2023 it was $171.
