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Featured local agent — Wallace, NE
Sarah Mitchell
Compass Real Estate · Wallace, NE
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Wallace, NE Housing Market & Real Estate
Housing market overview · Updated monthly ·
$144,356median sale price
How is the Wallace, NE housing market right now?
The median home sale price in Wallace, NE is $144,356. Homes sell in an average of 35 days. The market is currently a seller's market. (Source: Redfin monthly MLS data, as of November 2025 — 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, NE is currently a seller's market and homes selling in about 35 days. How we determine this →
Homes sold
1
Last 12 weeks
Days on market
35
Average pace
Active listings
—
Sale-to-list
103.1%
Above asking
What does the Wallace housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $144,356 |
| Average days on market | 35 days |
| Sale-to-list price ratio | 103.1% |
| Median price per sq ft | $172/sq ft |
| Homes sold (latest month) | 1 |
| Market condition | Seller's market |
Source: Redfin · Updated monthly
How much do homes cost in Wallace by property type?
How the Wallace, NE market breaks down across single-family homes, condos, and townhouses.
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $144,356 | $172/sq ft | 1 | 35 days |
Source: Redfin · Updated monthly
The Wallace housing market is currently classified as a seller's market with a median sale price of $144,356. Prices have fallen 0.0% compared to last year, with homes spending an average of 35 days on market.With limited inventory, homes sell quickly and buyers should be prepared to act decisively and competitively to secure a property.The price-to-income ratio of 2.4x provides context for how home values compare to local earning capacity.
Homes for sale in Wallace
Explore homes currently listed for sale in Wallace, Nebraska across major real estate platforms.
Who lives in Wallace?
Population
272
Median income
$55,625/yr
Median age
53.5 years
Owner-occupied
79.1%
College grads
32.9%
Avg commute
12.3 min
Source: U.S. Census Bureau ACS
What are homes worth in Wallace?
Zillow home value
$131,261
Price-to-income
2.4x
Source: Zillow Research
What is it like to live in Wallace?
Wallace is a community of approximately 0K residents with a median age of 53.5 years.The median household income is $55,625, which represents a working-class community with solid middle-income opportunities. 32.9% of residents hold a bachelor's degree or higher, showing a mixed educational demographic.
Homeownership rates are at 79.1%, reflecting strong community stability and long-term resident commitment. The average commute time is 12.3 minutes, which makes this an excellent choice for those seeking short commutes to employment centers.Overall, Wallace offers a balanced lifestyle with accessible home values relative to local income levels.
Which public schools serve Wallace?
2 schools tracked · 172 students
The largest public schools serving Wallace, NE by enrollment, drawn from the National Center for Education Statistics. School quality is a commonly cited factor in home-buying decisions — these are the campuses families in this area are most likely to encounter.
WALLACE ELEMENTARY SCHOOL
Grades PK-6 · 95 students
WALLACE HIGH SCHOOL
Grades 7-12 · 77 students
Source: National Center for Education Statistics, Common Core of Data directory. Updated annually. Ratings and test scores are not currently displayed.
Which cities are near Wallace, NE?
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 $144,356, down 0.0% from last year.
How long do homes stay on market in Wallace?
Homes typically spend 35 days on market before going under contract.
What is the median income in Wallace?
The median household income is $55,625 per year.
What is the Zillow home value estimate for Wallace?
The Zillow Home Value Index (ZHVI) for Wallace is $131,261, representing the typical home value in the area.
How much does a single-family home cost in Wallace?
The median single-family home price in Wallace, NE is $144,356 (about $172 per square foot).
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