Lake Wales, FL, Real Estate
Lake Wales, Florida, nestled in the heart of Polk County, is a charming city known for its scenic beauty and rich history. Surrounded by rolling hills and numerous lakes, it offers a serene escape with attractions like Bok Tower Gardens, a National Historic Landmark featuring a 205-foot Singing Tower and lush gardens designed by Frederick Law Olmsted Jr. The city's vibrant downtown, with its historic architecture and local shops, reflects a strong sense of community. Lake Wales is also home to the Lake Wales History Museum, showcasing the area’s cultural heritage, and the annual Lake Wales Mardi Gras, a lively celebration drawing visitors from across the region. With its blend of natural splendor and small-town warmth, Lake Wales is a hidden gem in Central Florida.
Lake Wales currently has 382 single family homes for sale with an average list price of $381,224.33, 17 townhouses for sale with an average list price of $240,874.77, 29 condos for sale with an average list price of $120,362.07, and 269 lots for sale with an average list price of $310,718.36. The average annual property tax for Lake Wales is $2,082.48.
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Using the absorption rate, we can determine how long it's taking for homes to sell and which price points are selling the fastest in Lake Wales, i.e. what's hot and what's not.
See What's Hot & What's Not in Lake Wales
Market Trends
Lake Wales home sales for the month of February decreased in volume by 27.3% when compared to last year, while the median sale price decreased by 12.3% from $295,000 to $258,745. House sales decreased by 26.4%, while the median sale price decreased by 9.3% from $295,000 to $267,490. Condo sales decreased by 50%, while the median sale price rose by 47.2% from $132,500 to $195,000.
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578
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571
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602
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689
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| 2022 | 2023 | 2024 | 2025 |
| # of sales per year | |||
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$264,000
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$277,000
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$286,475
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$285,000
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| 2022 | 2023 | 2024 | 2025 |
| median sale price per year | |||
Median Sale Price for Lake Wales
Number of Sales for Lake Wales
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