Market Intelligence · FL / Lake Wales

Lake Wales, FL 33859 Housing Market

The typical home value in Lake Wales, FL 33859 is $272,308, down 4.0% over the past year as of 2026-07-01. The median list price is $295,950, and homes spend a median of 91 days on market as of 2026-08-01.

Updated August 2026Median value$272K

The median home value in Lake Wales, FL 33859 is $272K as of August 2026, down 3.8% 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 33859 range

$250K to $294K

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

-3.8% over 12 months

Typical home value in 33859 over the last 12 months: $282K in Aug 2025 to $272K in Aug 2026 (-3.8%).

Aug 2025$282K

Aug 2026$272K

The numbers

What is the 33859 housing market like?

Typical home value

$272K

Down3.8%YoY

Median list price

$296K

Down1.3%MoM

Days on market

91

Flat0.0%MoM

Homes for sale

58

Down6.5%MoM

Price cuts

11.9%

Up43.8%MoM

New listings

12

Down33.3%MoM

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

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The comparison

How do 33859 home prices compare?

  • 33859$271,843
  • 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

The 33859 market in Lake Wales has cooled over the past year. The typical home value is $272,308, down 4.0% from a year earlier as of 2026-07-01. There were 58 homes for sale as of 2026-08-01, with 12 new listings entering the market. Homes are taking a median of 91 days to sell, and 11.9% of listings have had a price cut. For a seller, this means pricing carefully from the start and being prepared for a longer wait than in a faster market.

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