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Featured local agent — Wallace, FL
Sarah Mitchell
Compass Real Estate · Wallace, FL
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Wallace, FL Housing Market & Real Estate
Housing market overview · Updated monthly ·
$349,990median sale price
How is the Wallace, FL housing market right now?
The median home sale price in Wallace, FL is $349,990, up 1.5% year-over-year. Homes sell in an average of 21 days with 44 active listings. The market is currently a balanced market. (Source: Redfin monthly MLS data, as of May 2026 — the most recent Redfin release; Redfin publishes each month's data on a ~6-week lag.)
Is Wallace a buyer's or seller's market?
Wallace, FL is currently a balanced market, based on 3.7 months of supply and homes selling in about 21 days. How we determine this →
Homes sold
12
Last 12 weeks
Days on market
21
Average pace
Active listings
44
3.7 months supply
Sale-to-list
99.5%
Below asking
What does the Wallace housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $349,990 |
| Median list price | $349,980 |
| Year-over-year price change | +1.5% |
| Average days on market | 21 days |
| Active inventory | 44 listings |
| Months of supply | 3.7 months |
| Sale-to-list price ratio | 99.5% |
| Median price per sq ft | $176/sq ft |
| Homes sold (latest month) | 12 |
| New listings (latest month) | 17 |
| Listings with a price cut | 18.2% |
| Market condition | Balanced market |
Source: Redfin · Updated monthly
How much do homes cost in Wallace by property type?
How the Wallace, FL market breaks down across single-family homes, condos, and townhouses.
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $349,990 | $176/sq ft | 12 | 21 days |
Source: Redfin · Updated monthly
The Wallace housing market is currently classified as a balanced market with a median sale price of $349,990. Prices have risen 1.5% compared to last year, with homes spending an average of 21 days on market, indicating 3.7 months of inventory.With limited inventory, homes sell quickly and buyers should be prepared to act decisively and competitively to secure a property.
Market trends
Homes for sale in Wallace
There are currently 44 homes listed for sale in Wallace, Florida. The median listing price is $350K.
Active listings
44
Homes on market
Median list price
$350K
Avg. days on market
21
Days until sale
New this week
17
Newly listed
Who lives in Wallace?
Population
3,965
Median income
$115,216/yr
Median age
35.9 years
Owner-occupied
93.9%
College grads
48.6%
Avg commute
42.3 min
Source: U.S. Census Bureau ACS
What is it like to live in Wallace?
Wallace is a community of approximately 4K residents with a median age of 35.9 years.The median household income is $115,216, which reflects a relatively affluent area with strong earning potential. 48.6% of residents hold a bachelor's degree or higher, indicating a highly educated population.
Homeownership rates are at 93.9%, reflecting strong community stability and long-term resident commitment. The average commute time is 42.3 minutes, which suggests a more suburban or rural location for those willing to commute longer distances.Overall, Wallace offers a balanced lifestyle with accessible home values relative to local income levels.
Which cities are near Wallace, FL?
Want a head-to-head view? Compare Wallace side-by-side with any other U.S. city using our market-comparison tool.
Frequently asked questions
What is the average home price in Wallace?
The median home sale price in Wallace is $349,990, up 1.5% from last year.
How long do homes stay on market in Wallace?
Homes typically spend 21 days on market before going under contract.
What is the median income in Wallace?
The median household income is $115,216 per year.
Is Wallace a buyer's or seller's market?
With 3.7 months of supply, Wallace is currently a balanced market.
How much does a single-family home cost in Wallace?
The median single-family home price in Wallace, FL is $349,990 (about $176 per square foot).
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