Market Intelligence · FL / Lake Wales

Lake Wales, FL 33898 Housing Market

The typical home value in Lake Wales, FL 33898 is $250,794, down 2.0% over the past year as of 2026-07-01. As of 2026-08-01, the median list price is $306,223 and homes spend a median of 110 days on market. There are 95 homes for sale.

Updated August 2026Median value$250K

The median home value in Lake Wales, FL 33898 is $250K as of August 2026, down 1.7% 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 33898 range

$230K to $270K

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

-1.7% over 12 months

Typical home value in 33898 over the last 12 months: $254K in Aug 2025 to $250K in Aug 2026 (-1.7%).

Aug 2025$254K

Aug 2026$250K

The numbers

What is the 33898 housing market like?

Typical home value

$250K

Down1.7%YoY

Median list price

$306K

Down2.8%MoM

Days on market

110

Down2.7%MoM

Homes for sale

95

Down17.4%MoM

Price cuts

17.9%

Up45.6%MoM

New listings

12

Down68.4%MoM

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

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The comparison

How do 33898 home prices compare?

  • 33898$249,889
  • 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

Home values in 33898 have slipped 2.0% over the past year, with the typical home value at $250,794 as of 2026-07-01. Meanwhile, sellers are listing higher: the median list price is $306,223 as of 2026-08-01, and homes are taking a median of 110 days to sell. Inventory stands at 95 homes for sale, with 12 new listings added. About 17.9% of listings have taken a price cut. For a seller, this points to a soft market where pricing realistically from the start matters more than testing the ceiling.

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20% · $49,978

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