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Lake Wales, FL 33898 Housing Market

Data snapshot: September 14, 2026. Closed-sale window: last 6 months.
Lake Wales, FL inventory balance
Homes for sale vs homes under contract. Pending-to-active ratio: 0.09
ActiveActive listings: 7575PendingPending sales: 77
Lake Wales, FL: what sellers ask vs what buyers pay
Median asking price of current listings vs median closed sale price over the last six months
AskingMedian asking price (current listings): $200k$200kSoldMedian sold price (last 6 months): $220k$220k
What homes actually sell for in Lake Wales, FL
Distribution of 238 closed sale prices over the last six months (5th to 95th percentile). Middle half of sales: $132k to $340k
$60k to $155k: 77 sales77sales$60k$155k to $250k: 50 sales$250k to $345k: 41 sales$250k$345k to $440k: 34 sales$440k to $535k: 2 sales$440k$535k to $630k: 5 sales$630k to $725k: 2 sales$630k$725k to $820k: 4 salesMedian $220k

What the numbers say

As of September 14, 2026, Resideline is tracking 75 active listings and 7 pending sales in ZIP code 33898. That pending-to-active ratio of 0.09 points to a balanced market: buyers have room to compare options and negotiate.

The median asking price of current listings is $200,000, while the median of the 238 closed sales Resideline tracked over the last six months was $220,000. Those two figures describe different sets of homes, so any gap between them reflects the mix of what is listed now versus what recently sold, not a negotiating discount. Resideline has been seeing the median active listing in 33898 for 97 days.

Frequently asked questions

What is the median home price in 33898?

The median closed sale price in Lake Wales, FL 33898 was $220,000 over the last six months, based on 238 closed sales tracked by Resideline. The middle half of those sales ranged from $132,000 to $340,000.

Is 33898 a buyer's or seller's market?

Resideline is currently tracking 7 pending sales against 75 active listings in 33898, a pending-to-active ratio of 0.09. Ratios of 0.6 or higher usually indicate a seller's market, 0.35 to 0.6 a competitive market, and lower values a more balanced one. By that yardstick, 33898 currently looks like a balanced market.

Nearby ZIP code market data

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