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Featured local agent — Wallace, WV
Sarah Mitchell
Compass Real Estate · Wallace, WV
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Wallace, WV Housing Market & Real Estate
Housing market overview · Updated monthly ·
$210,000median sale price
How is the Wallace, WV housing market right now?
The median home sale price in Wallace, WV is $210,000. Homes sell in an average of 56 days. The market is currently a buyer's market. (Source: Redfin monthly MLS data, as of January 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, WV is currently a buyer's market and homes selling in about 56 days. How we determine this →
Homes sold
1
Last 12 weeks
Days on market
56
Average pace
Active listings
—
Sale-to-list
93.4%
Below asking
What does the Wallace housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $210,000 |
| Average days on market | 56 days |
| Sale-to-list price ratio | 93.4% |
| Median price per sq ft | $174/sq ft |
| Homes sold (latest month) | 1 |
| Market condition | Buyer's market |
Source: Redfin · Updated monthly
How much do homes cost in Wallace by property type?
How the Wallace, WV market breaks down across single-family homes, condos, and townhouses.
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $210,000 | $174/sq ft | 1 | 56 days |
Source: Redfin · Updated monthly
The Wallace housing market is currently classified as a buyer's market with a median sale price of $210,000. Prices have fallen 0.0% compared to last year, with homes spending an average of 56 days on market.This inventory level gives buyers significantly more negotiating power, allowing time to inspect properties thoroughly and potentially negotiate better terms.
Homes for sale in Wallace
Explore homes currently listed for sale in Wallace, West Virginia across major real estate platforms.
Who lives in Wallace?
Population
251
Median age
60.6 years
Owner-occupied
94.4%
College grads
5.2%
Avg commute
56.3 min
Source: U.S. Census Bureau ACS
What are homes worth in Wallace?
Zillow home value
$97,864
Source: Zillow Research
What is it like to live in Wallace?
Wallace is a community of approximately 0K residents with a median age of 60.6 years. 5.2% of residents hold a bachelor's degree or higher, showing a mixed educational demographic.
Homeownership rates are at 94.4%, reflecting strong community stability and long-term resident commitment. The average commute time is 56.3 minutes, which suggests a more suburban or rural location for those willing to commute longer distances.Overall, Wallace offers a distinctive character that appeals to different lifestyle preferences.
Which cities are near Wallace, WV?
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 $210,000, down 0.0% from last year.
How long do homes stay on market in Wallace?
Homes typically spend 56 days on market before going under contract.
What is the Zillow home value estimate for Wallace?
The Zillow Home Value Index (ZHVI) for Wallace is $97,864, 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, WV is $210,000 (about $174 per square foot).
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