Market Intelligence · FL / Lake Wales

Lake Wales, FL 33853 Housing Market

The typical home value in Lake Wales, FL 33853 is $221,872, down 2.8% over the past year. The median list price sits at $256,000, and homes spend a median of 86 days on market.

Updated August 2026Median value$220K

The median home value in Lake Wales, FL 33853 is $220K as of August 2026, down 2.4% year over year, according to Zillow ZHVI. Get your own home's value and a real cash offer in about two minutes, with sources shown and no obligation.

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Typical 33853 range

$203K to $238K

This is an automated estimate, not an appraisal. Actual value is determined by current market conditions and professional evaluation. It is provided for informational purposes only and is not an offer to buy or a promise of value.

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12-month value trend

-2.4% over 12 months

Typical home value in 33853 over the last 12 months: $226K in Aug 2025 to $220K in Aug 2026 (-2.4%).

Aug 2025$226K

Aug 2026$220K

The numbers

What is the 33853 housing market like?

Typical home value

$220K

Down2.4%YoY

Median list price

$256K

Up2.5%MoM

Days on market

86

Up8.9%MoM

Homes for sale

66

Down7.0%MoM

Price cuts

15.5%

Down24.2%MoM

New listings

20

Down9.1%MoM

Sources · Zillow ZHVI (August 2026) / Realtor.com (August 2026) / FRED (September 2026)

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The comparison

How do 33853 home prices compare?

  • 33853$220,306
  • Lake Wales$249,889
  • Florida$345,153
  • United States$288,625

Median Zillow home value (ZHVI), as of August 2026. Comparison levels are medians across every ZIP code with Zillow data (Lake Wales: 3 ZIPs; Florida: 923 ZIPs; United States: 26,265 ZIPs).

Context

As of 2026-08-01, there are 66 homes for sale in 33853, with 20 new listings added. The median list price is $256,000, while the typical home value is $221,872, down 2.8% over the past year as of 2026-07-01. Homes are taking a median of 86 days to sell, and 15.5% of listings have had a price cut. Values are drifting lower and sellers are adjusting. For a seller here, pricing realistically from the start matters more than testing the market high.

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20% · $44,061

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