Lake Wales, FL 33898 Housing Market
- Active listings34currently for sale
- Pending sales17under contract
- Median asking price$219,000current listings
- Inventory age2 daysmedian time the current active listings have been on the market
- Closed sales tracked (6 mo)246a tracked sample, not a market total
- Median sold price$215,000last 6 months
- Middle half of sold prices$135k to $335k25th to 75th percentile
What the numbers say
As of August 3, 2026, Resideline is tracking 34 active listings and 17 pending sales in ZIP code 33898. That pending-to-active ratio of 0.50 points to a competitive market: a meaningful share of the inventory is already under contract.
The median asking price of current listings is $219,000, while the median of the 246 closed sales Resideline tracked over the last six months was $215,000. 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. The median active listing in 33898 has been on the market for 2 days.
Frequently asked questions
What is the median home price in 33898?
The median closed sale price in Lake Wales, FL 33898 was $215,000 over the last six months, based on 246 closed sales tracked by Resideline. The middle half of those sales ranged from $135,000 to $335,000.
Is 33898 a buyer's or seller's market?
Resideline is currently tracking 17 pending sales against 34 active listings in 33898, a pending-to-active ratio of 0.50. 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 competitive market.
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