Market Report · 3rd Quarter 2026 · As of August 5, 2026

MLS data updated Aug 5, 2026

Lake Wales

Ridge Area gateway with Bok Tower and Chain of Lakes access

Lake Wales, FL

Lake Wales is the cultural hub of the southern Ridge Area, home to the landmark Bok Tower Gardens, a revitalized historic downtown, and diverse housing options across three ZIP codes spanning the lakes and surrounding countryside.

217
For Sale
$389K
Avg. List Price
15
Under Contract
$275K
Median Sold (12 mo)
677
Homes Sold (12 mo)

Median sold: $275K ·  Median days on market: 51 ·  Sold-to-list: 96.9% ·  Source: Stellar MLS

Seller's Market
3.8
months of inventory

About 3.8 months of inventory — homes are selling faster than new ones come on the market, so sellers hold the leverage (under 4 months = seller's market).

Median Sale Price
$275K
677 sold / yr
1-Yr Appreciation
-1.8%
median price
Days on Market
51
median
Sale-to-List
96.9%
of asking
Sales Pace
56.4/mo
last 12 mo
Active Listings
217
for sale now

Aggregate statistics from recent Stellar MLS closed sales and live MLS inventory. A market read, not an appraisal of any home or a listing of individual sales.

Want this as a printable report?

Generate a clean, branded multi-page PDF of the Lake Wales market — perfect to print or email.

Ryan's Take on Lake Wales

Lake Wales is the cultural and geographic centerpiece of the southern Ridge Area, and there's genuinely nothing else in Polk County that occupies the same market position. The town sits at 295 feet above sea level, on the Lake Wales Ridge — some of the highest terrain in peninsular Florida — and that elevation gives it rolling terrain, natural drainage, and afternoon breezes that remind you this is not typical flat Central Florida. Bok Tower Gardens, dedicated in 1929 and a National Historic Landmark since 1993, is the city's defining asset: a 205-foot singing carillon tower surrounded by 250 acres of designed gardens that residents access as part of daily life, not just a tourist draw. The combination of that physical setting, a revitalized Main Street with locally owned restaurants and active artist galleries, and Victorian and craftsman-era architecture creates a character that buyers in the small-town-authentic market compare to Mount Dora — with prices that still run below it.

The buyer profile I see in Lake Wales has a clear through-line: heritage enthusiasts, artists and creatives drawn by affordable studio space and community support, and retirees who rejected the conventional retirement-community playbook and found a town with a cultural calendar and scenic setting that rewards slowing down. The historic residential neighborhoods around downtown and the Bok Tower-adjacent estate streets anchor the premium tier, while the Artist District provides entry into Lake Wales character at accessible prices. Families should understand that Polk County schools are the framework here — solid but not the ranked performers of Seminole County. Cross-shop Auburndale or Winter Haven if suburban convenience and Chain of Lakes boating matter more than historic character, or step up to Mount Dora if the Lake County version of this positioning appeals and the pricing difference is workable.

— Ryan Solberg, Broker/Owner, MaxLife Realty

Under Contract

15 homes pending in Lake Wales · Avg. $392K

Lake Wales pending
Pending
$159,900
4 bd2 ba2,016 sqft
Lake Wales pending
Pending
$249,900
2 bd2 ba1,728 sqft
Lake Wales pending
Pending
$299,000
6 bd6 ba2,046 sqft
Lake Wales pending
Pending
$235,000
5 bd3 ba2,280 sqft
Lake Wales pending
Pending
$157,400
2 bd2 ba1,185 sqft
Lake Wales pending
Pending
$299,000
3 bd2 ba1,863 sqft
Market Snapshot

Lake Wales · 3rd Quarter 2026

677 sales · Stellar MLS · last 12 mo

$275K

Median Sale Price

51 days

Median Days on Market

96.9%

Sold-to-List

$165

Median $/sqft

Sold-to-List Gauge · 90% → 100% → 105%+96.9%
90%95%100%105%+

Recent Sales Map

26 recent individual sales in and around Lake Wales · FL public records · no addresses published

Approximate sale locations — dots are offset ±1 home for privacy

BedsBathsSq FtListedSoldList PriceSold Price$/Sq FtDOM
2,6809/1/25$377,000$141
2,2819/1/25$365,000$160
2,4869/1/25$360,000$145
2,7089/1/25$360,000$133
2,4649/1/25$350,000$142
2,6259/1/25$331,000$126
1,9889/1/25$306,900$154
1,9109/1/25$290,900$152
2,2839/1/25$285,000$125
2,5029/1/25$285,000$114
1,9109/1/25$269,900$141
2,1319/1/25$260,000$122
1,9629/1/25$254,000$129
1,9989/1/25$250,000$125
2,3529/1/25$241,000$102
2,0699/1/25$240,000$116
2,0729/1/25$237,000$114
1,7969/1/25$234,900$131
2,1889/1/25$230,000$105
2,5139/1/25$225,000$90
1,5779/1/25$195,000$124
1,3529/1/25$191,000$141
1,5029/1/25$190,000$126
9309/1/25$181,000$195
9899/1/25$153,500$155
2,3079/1/25$130,600$57
26 sales · FL Dept. of Revenue public records · past 12 months · no addresses published · tap any column to sort

Currently For Sale

50 active listings in Lake Wales

BedsBathsSq FtList Price$/Sq FtDOMPoolWaterfrontView
322,392$419,950$17614
321,286$189,994$148308
221,128$129,990$115148
321,440$425,000$29527Lake Iris
22912$269,000$2952
221,400$429,900$30787Lake Rosalie
421,248$224,900$1805
0$245,0009
221,049$245,000$23426
221,144$149,000$13026
0$169,0002
321,860$465,000$25027Water
321,588$275,000$1738
764,535$2,000,000$441246
642,909$875,000$3017Lake Pierce
321,443$299,990$20833
543,139$1,050,000$335181Lake Pierce
321,525$304,990$20033
331,680$238,700$14229
221,104$274,900$24964
221,693$1,200,000$70925
322,208$465,000$21120
331,680$239,900$1436
421,620$346,000$214151
22840$339,000$40437
22864$179,900$20820
0$147,000126Water
321,760$299,990$17034
684,264$799,000$187869Lake Easy
432,574$369,000$143133Water
221,526$248,900$16317
322,249$443,000$197219
21562$129,900$23190
0$225,0006
0$175,000428
0$175,000429
221,280$139,900$109352Water
321,176$224,900$19121
311,060$285,000$269144St. Anne Shrine
0$1,250,000131
431,400$199,000$14295
221,152$225,000$195166
221,152$179,000$155389
32925$169,900$18466
221,296$270,000$20848Water
421,736$320,000$18416
321,488$365,000$245102
0$615,000244
421,457$579,999$398197
0$175,000366
All 50 active listings in Lake Wales · live Stellar MLS · no addresses published

Lake Wales Market — Common Questions

Is Lake Wales a buyer's or seller's market in 2026?+

Lake Wales is currently a seller's market with about 3.8 months of inventory. About 3.8 months of inventory — homes are selling faster than new ones come on the market, so sellers hold the leverage (under 4 months = seller's market).

What is the median home sale price in Lake Wales?+

Based on Florida Department of Revenue public records over the last 6 months, the median sale price in Lake Wales is approximately $275K, down about 1.8% from a year earlier.

How many homes are for sale in Lake Wales?+

There are currently 217 active listings in Lake Wales, with homes selling at roughly 56.4 per month. That works out to about 3.8 months of inventory.

Free · No Obligation

What Is Your Lake Wales Home Worth?

I analyze active competition, recent sales, and neighborhood trends to give you a precise estimate of what your home is worth right now — no automated Zestimate, a real analysis from a local expert.

Ryan Solberg, MaxLife Realty

Ryan Solberg

MaxLife Realty

321.373.3536

Report generated August 5, 2026 at 12:19 PM ET· Powered by Stellar MLS

MLS Data:Active and pending listing data is sourced from the Stellar MLS as distributed by MLS GRID. Listings courtesy of Stellar MLS as distributed by MLS GRID. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The MLS GRID does not guarantee the accuracy of this data, which may not reflect all real estate activity in the area.

Sold Data: Sales analysis is derived from Florida Department of Revenue public property records(arm's-length transactions). Ryan Solberg and MaxLife Realty LLC are not affiliated with Lake Walesor its HOA. This report is not intended to solicit properties already listed for sale nor to cause a breach of an existing agency relationship. Data should be independently verified. E&OE.

Based on information submitted to the MLS GRID as of August 5, 2026 at 11:44 AM ET. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

MLS GRID

Listings courtesy of Stellar MLS as distributed by MLS GRID

IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

Based on information submitted to the MLS GRID as of August 5, 2026 at 11:44 AM ET. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

All or a portion of the multiple listing information is provided by Stellar MLS, from a copyrighted compilation of listings. The compilation of listings and each individual listing are © 2026 Stellar MLS. All rights reserved.

Ryan Solberg, Broker · MaxLife Realty LLC · FL License #BK3354351 · Equal Housing Opportunity · Full disclaimer · DMCA