Team Sparacino Market Report

Lake Wales, FL 33859

Single-Family Homes

1-800-216-8953 / SOLD@SparacinoRealtors.com


Lake Wales, FL 33859

Tue Sep 01 2026
This week the median list price for Lake Wales, FL 33859 is $309,950 with the market action index hovering around 33. This is less than last month's market action index of 36. Inventory has decreased to 54. Click here to stay informed with the Lake Wales market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Slight Seller's Advantage

Market Narrative

The market has been cooling over time and prices plateaued for a while. Despite the consistent decrease in MAI, we’re in the Seller’s zone. Watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Lake Wales, FL 33859

Tue Sep 01 2026
This week the median list price for Lake Wales, FL 33859 is $309,950 with the market action index hovering around 33. This is less than last month's market action index of 36. Inventory has decreased to 54. Click here to stay informed with the Lake Wales market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Slight Seller's Advantage

Market Narrative

The market has been cooling over time and prices plateaued for a while. Despite the consistent decrease in MAI, we’re in the Seller’s zone. Watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Real-Time Market Profile

Never miss important changes in the Lake Wales market.
Median List Price $309,950
Median Price of New Listings $319,900
Per Square Foot $178
Average Days on Market 183
Median Days on Market 98
Price Decreased 44%
Price Increased 4%
Relisted 2%
Inventory 54
Median Rent
Market Action 33
Slight Seller's Advantage

We continue to see the market at a plateau. This week prices bumped down a bit. Look for a persistent down-shift in the Market Action Index before we see prices significantly deviate from these levels.

Market Segments

Each segment below represents approximately 25% of the market ordered by price.

Median Price Sq. Ft. Lot Size Beds Bath Age New Absorbed DOM
$532,450 2,260 8,000 - 10,000 sqft 3 2.3 20 0 2 185
$324,999 2,077 6,500 - 8,000 sqft 4 2 7 1 1 77
$295,950 1,712 4,500 - 6,500 sqft 3 2 20 0 0 73
$229,900 1,133 0.25 - 0.5 acre 3 2 22 0 1 119