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Cheap Homes for Sale in Lake Wales, FL

341 Homes for Sale

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Photo 1 of Single family home for sale at 1709 Teagan Ln, Lake Wales, FL | MLS# O6409550 | Listing updated on 2026-11-03

$248,000

Views: 6

Bedrooms: 3Bds

Bathrooms: 1Ba

Area: 1,060sqft

Single family home for sale

1709 Teagan Ln, Lake Wales, FL

Keller Williams Realty At The Lakes

Showing 1 - 42 of 341 homes for sale in Lake Wales, FL

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Lake Wales, FL Housing Market Overview

Lake Wales is a balanced market, giving buyers and sellers room to negotiate. With 4.8 months of supply and homes averaging 84 days on the market, you can make decisions without the pressure of a highly competitive market.

Status

Balanced Market

Days on Market

84

Inventory

143

Oct 2021Jul 2024Oct 2026

Median Home Price

$254,741Down 10.83%

In Oct 2026 · YoY

Oct 2021Jul 2024Oct 2026

Mortgage Rates 30-Yr Fixed

7.24%Down 0.08%

Current rate · YoY

Loan Type

30-Year Fixed

Housing Supply

Homes For Sale
143 Down 10.62%
Newly Listed Homes
134 Down 3.60%
Months of Supply
4.8 Up 14.29%

Housing Demand

Homes Sold
89 Down 21.93%
Sale-to-List Ratio
97.9% Up 0.08%
Homes Sold Above List
15.7% Up 26.96%

30-yr fixed rate 7.24% · Data as of Oct 2026 · Source: Houzeo Research.

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  • mls-img
    Based on information from Stellar MLS® through Nov 4, 2026, 12:45 PM as submitted to and distributed by MLS GRID. All data is obtained from various sources and may not have been verified by the broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. IDX information is provided exclusively for consumers’ personal non-commercial use. It may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable but is not guaranteed by MLS GRID. The use of the MLS GRID Data may be subject to an end-user license agreement prescribed by the Member Participant’s applicable MLS, if any, and as amended from time to time. © 2026 Stellar MLS. All Rights Reserved.
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Homes Available icon

341

Homes Available

Median List Price icon

$ 254,741

Median List Price

Avg on Market icon

84 Days

Avg on Market