How much do homes in Lake Wales, FL cost?

Median List Price

$225,644

Based on all homes listed in the last 12 months.

Difference Since May 2020

+$35,737(+18.8%)

Key Takeaway

The list price of homes in Lake Wales has increased by 18.8% since last year.

Housing Market Conditions

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Key Takeaway

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Median List Price By Bedroom Count

# BEDSMay 2020May 2021%
1 $125K$74.2K-40.6%
2 $159.9K$179.9K+12.5%
3 $194.9K$224.2K+15.0%
4 $224.6K$251.6K+12.0%
5+ $1.4M$595.4K-57.8%

Median List Price Compared To Nearby Cities

Lake Wales
+18.8%
Winter Haven
+9.5%
Dundee
+7.7%
Highland Park
-23.3%

How many homes are available in Lake Wales, FL?

Number of Homes For Sale

Apr 2021May 2021%
136111-18.4%

Homes For Sale By Bedroom Count

# BEDSApr 2021May 2021%
1 110.0%
2 3129-6.5%
3 6658-12.1%
4 3016-46.7%
5+ 87-12.5%

Asking Price vs. Sold Price

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Average Listing Age

May 2020May 2021%
192 Days79 Days-58.7%

Breakdown of Home Sale Times

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About Lake Wales, FL

Number of homes for sale in Lake Wales, FL real estate market have reached 111.

In May 2021, listings were on the market for 79 days. During the same period, the median list price in this real estate market was $225,644.

This housing market listing prices have changed between April 2021 and May 2021: prices of 1 bedroom properties decreased by 40.6%, 2 bedrooms properties prices increased by 12.5%, the cost of 3 bedrooms properties went up by 15%, the cost of 4 bedrooms properties went up by 12%, 5 bedrooms properties became 57.8% more cheaper.

In May 2021 in Lake Wales, FL there were 18.4% less homes for sale than in April 2021.

Volume of homes for sale in this real estate market have seen the following changes: volume of 1 bedroom homes stayed the same, 2 bedrooms homes became 6.5% less available, number of 3 bedrooms homes decreased by 12.1%, the quantity of 4 bedrooms homes went down by 46.7%, volume of 5 bedrooms homes went dowm by 12.5%.

Over 9 listings were sold over their listed price in May 2021 in Lake Wales, FL. In the same period over 10 listings were sold below the listed price and 15 listings were sold for the listed price.

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