Market Intelligence · FL / Lake Wales

Lake Wales, FL 33859 Housing Market

In Lake Wales, FL 33859, the typical home value is $270,837, down 3.5% over the past year as of September 2026. Sellers are asking a median list price of $292,275, and homes are taking a median 75 days on market. That gap matters for pricing.

Updated September 2026Median value$271K

The median home value in Lake Wales, FL 33859 is $271K as of September 2026, down 3.5% year over year, according to Zillow ZHVI. For a read on your own home, start with a free consultation: a licensed local pro will walk you through your numbers and your options, with no obligation.

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Typical 33859 range

$249K to $293K

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

-3.5% over 12 months

Sep 2025$281K

Low $271KHigh $281K

Sep 2026$271K

The numbers

What is the 33859 housing market like?

As of September 2026

Typical home value

$271K

3.5%YoY

Median list price

$292K

1.2%MoM

Days on market

17.6%MoM

Homes for sale

1.7%MoM

Price cuts

21.2%

78.5%MoM

New listings

66.7%MoM

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

The outlook

33859 housing market forecast 2027

-1.0%

Zillow forecast, 12 months to September 2027

Zillow forecasts typical home values in 33859 to fall 1.0% by September 2027.

Over the 12 months through September 2026, typical home values in 33859 fell 3.5%, per the Zillow Home Value Index.

Will home prices drop in 33859?

Zillow's forecast says they may: it expects typical home values in 33859 to fall 1.0% by September 2027, after a 3.5% decline over the past 12 months. Forecasts are not guarantees: mortgage rates, inventory, and the wider economy can move values either way.

Forecast: Zillow Home Value Forecast, published October 2026. A forecast, not a guarantee.

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The comparison

How do 33859 home prices compare?

33859$270,837
Lake Wales$247,734
Florida$344,436
United States$285,347

Median Zillow home value (ZHVI), as of September 2026. Comparison levels are medians across every ZIP code with Zillow data (Lake Wales: 3 ZIPs; Florida: 923 ZIPs; United States: 26,262 ZIPs).

Context

Lake Wales, FL 33859 had 57 homes for sale in September 2026, with 20 new listings entering the market. The median list price was $292,275 while the typical home value was $270,837, down 3.5% over the past year. A median 75 days on market says buyers have time to negotiate. With 21.2% of listings showing a price cut, sellers should expect scrutiny on condition and pricing. The practical read is simple: price to the market you have, not the one you remember.

Monthly payment

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Home price

Down payment20% · $54,167

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Common questions

What people ask us.

How much is a home in 33859 worth?

The typical home value is $270,837, down 3.5% over the past year as of September 2026.

Are homes selling quickly in Lake Wales, FL 33859?

Homes are taking a median 75 days on market, and there were 57 homes for sale in September 2026.

Are sellers cutting prices in 33859?

Yes, 21.2% of listings had a price cut in September 2026, alongside 20 new listings.

Discover

Nearby ZIP markets.

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