Lake Wales, FL, Real Estate
Lake Wales currently has 321 single family homes for sale with an average list price of $363,012, 25 condos for sale with an average list price of $145,160, and 172 lots for sale with an average list price of $246,682. The average annual property tax for Lake Wales is $2,034.
What's Hot & What Not
Using the absorption rate, we can determine how long it's taking for homes to sell and which price points are selling the fastest in Lake Wales, i.e. what's hot and what's not.
See What's Hot & What's Not in Lake Wales
Using the absorption rate, we can determine how long it's taking for homes to sell and which price points are selling the fastest in Lake Wales, i.e. what's hot and what's not.
Market Trends
Lake Wales home sales for the month of March rose in volume by 20% when compared to last year, while the median sale price rose by 9.6% from $267,000 to $292,580. House sales rose by 25%, while the median sale price rose by 1.2% from $294,440 to $297,844. Condo sales decreased by 20%, while the median sale price rose by 20.8% from $124,000 to $149,750.
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398
|
559
|
560
|
498
|
| 2020 | 2021 | 2022 | 2023 |
| # of sales per year | |||
|
$185,450
|
$234,000
|
$265,000
|
$272,000
|
| 2020 | 2021 | 2022 | 2023 |
| median sale price per year | |||
Median Sale Price for Lake Wales
Number of Sales for Lake Wales
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