Team Sparacino Market Report
Lake Wales, FL 33859
Single-Family Homes
1-800-216-8953 / SOLD@SparacinoRealtors.com
Lake Wales, FL 33859
Fri Oct 16 2026
This week the median list price for Lake Wales, FL 33859 is $324,999 with the market action index hovering around 29. This is less than last month's market action index of 31. Inventory has increased to 57.
Market Action Index
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Slight Buyer's Advantage
Market Narrative
Home sales have been exceeding new inventory for several weeks. Since this is a Buyer’s market, prices are not yet moving higher as excess inventory is consumed. However, as the supply and demand trends continue, the market moves into the Seller’s zone, and we are likely to see upward pressure on pricing.
Real-Time Market Profile
| Median List Price | $324,999 | |
| Median Price of New Listings | $430,810 | |
| Per Square Foot | $183 | |
| Average Days on Market | 169 | |
| Median Days on Market | 91 | |
| Price Decreased | 23% | |
| Price Increased | 5% | |
| Relisted | 7% | |
| Inventory | 57 | |
| Median Rent | ||
| Market Action | 29 | |
| Slight Buyer's Advantage | ||
We continue to see prices in this zip code hovering around their high point. Look for a persistent down-shift in the Market Action Index before we see prices 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 |
|---|---|---|---|---|---|---|---|---|
| $539,900 | 2,096 | 0.25 - 0.5 acre | 3 | 2 | 20 | 1 | 0 | 91 |
| $359,000 | 2,055 | 6,500 - 8,000 sqft | 3 | 2 | 21 | 0 | 0 | 91 |
| $299,950 | 1,834 | 4,500 - 6,500 sqft | 3 | 2 | 20 | 0 | 1 | 108 |
| $263,750 | 1,444 | 8,000 - 10,000 sqft | 3 | 2 | 20 | 1 | 3 | 70 |