109 homes sold in Wallace in the last year, at a typical $387K
Almost every sale is a house. Below: what each kind of home sells for, what your budget buys, the best months to buy, how hard you’ll have to bid, and a shortcut to every site where Wallace homes are listed.
Every place Wallace homes are listed, in one stop
We don’t copy listings: the agents’ sites have the photos and the latest price changes. Set what you want once and we open each site already filtered to Wallace.
For sale
Rent
New, land & open houses
Links open the listing sites; TownRatings isn’t paid for them and doesn’t rank one above another. Rentals and government-owned homes come from sources outside the MLS.
Houses are 100% of Wallace’s sales, at a typical $387K
109 homes sold in the year to May 2026.
typical sale · 109 sold in 12 months
- Per square foot
- $185FL $245
- Days to sell
- 57
- Sold over asking
- 6%
- Listings with a price cut
- 24%
About as many homes sell as usual, at 1.5 times the 2016 price
109 sales in the last year, against 170 in 2017 and a low of 42 in 2012. The typical sale went from $262K in 2016 to $387K.
Source: Redfin Data Center, MLS sales. Typical price and $/sq ft are the monthly medians, weighted by sales.
What $400K buys in Wallace
Check a listing against what Wallace homes sold for
Against the town’s median price per square foot over the last 12 months. A rough check: condition, lot and location within town move a price more than this can see.
Bidding wars in Wallace are rarer than before the pandemic, but a third fewer homes come up for sale
We read every month of Wallace’s home sales since 2012 so you don’t have to. Each figure covers 12 months, because a single month in a town is too few sales to mean much. Latest: the year to May 2026, 109 sales.
If you’re buying in Wallace
- Shop in July. It brings about 11 new listings a month, close to the busiest month, with fewer bidding wars (15% over asking).
- Bid near asking. Buyers paid 98.2% of the list price on average; 6% paid over.
- You’ll usually have time. Only 33% of homes go under contract within two weeks; the typical one takes 57 days.
Spring brings both the most homes and the most bidding wars
April has the most new listings (about 13 a month), and the most competition: 26% close over asking. July offers nearly as much choice with fewer homes bid up (15%). July has the least competition (15%).
Averages for each calendar month, 2015 on.
Calmer than the 2021 frenzy, and about like Florida as a whole
| Wallace now | 2017–19 | 2021 peak | FL now | |
|---|---|---|---|---|
| Sold over askingShare of sales that closed above the list price | 6% | 21% | 40% | 10% |
| Gone within two weeksShare of homes under contract within 14 days | 33% | 2% | 43% | 20% |
| Listings with a price cutShare of homes for sale that cut their price | 24% | — | 9% | 28% |
| Price paid vs. askingAverage sale price ÷ list price | 98.2% | 99.3% | 99.8% | 96.3% |
| Days to sellMedian days from listing to contract | 57 | 153 | 59 | 76 |
38 homes for sale on a typical day
That’s 1.6 times the 2024 low (23), 34% fewer than in 2017–19 and well under 2017’s 72.
1 in 4 listings has cut its price
24% in the last year, against — in 2017–19 and 28% across Florida.
Wallace ranks 363rd of 534 busy Florida markets for bidding wars
Share of sales over asking in the last year, among towns with 60 or more sales. Wallace is in the middle of the pack.
Source: Redfin Data Center, city market tracker, January 2012 to May 2026 (MLS sales, not seasonally adjusted). Ratios are weighted by homes sold; price cuts by homes for sale.
Owning the typical Wallace home costs about $2,217 a month
Price: Wallace’s typical sale, last 12 months. Property tax at Wallace’s 0.6% (median bill ÷ median value, Census ACS); insurance at 0.35% of price a year. Before PMI, HOA dues, upkeep and the tax deduction. Whether Wallace is affordable on local pay is on Cost of living.
Six things worth knowing
New listings in April
The month with the most choice. November has the fewest, about 5.
Best time to buyProperty tax, a year
Of a home’s value: the median bill over the median home value. On a $387K home, about $2,380 a year.
Taxes vs. neighborsSchools
The schools grade for Wallace, from test results, graduation and how much students grow.
Schools in WallaceCheck the flood map
Flood insurance isn’t in a standard policy, and lenders require it in FEMA flood zones. Check the address before you make an offer.
Natural hazardsLook up any property
Assessed value, lot size and every past sale of a home you’re eyeing are public, at the town or county assessor and the registry of deeds.
Pace, Pea Ridge, Gonzalez, Point Baker, Milton and Ferry Pass sell for less a square foot
The busier markets within 25 miles of Wallace, by what sold. Prices, taxes and how far a paycheck goes next door are on Cost of living.
| Sold | Typical sale | $/sq ft | Over asking | Days to sell | |
|---|---|---|---|---|---|
| Pace | 498 | $332K | $178 | 14% | 69 |
| Ferry Pass | 405 | $248K | $161 | 11% | 72 |
| Gonzalez | 200 | $297K | $166 | 12% | 86 |
| Milton | 158 | $240K | $159 | 18% | 75 |
| Wallace | 109 | $387K | $185 | 6% | 57 |
| Pea Ridge | 99 | $307K | $177 | 10% | 76 |
| Point Baker | 54 | $258K | $174 | 22% | 107 |
Redfin Data Center, June 2025 to May 2026. Towns with fewer than 20 sales are left out, and Redfin doesn’t report every town separately.
Post your home to Wallace, free
Selling it yourself, renting out an apartment or looking for a roommate? Post it to Wallace. People who follow the town see it, and so do people comparing Wallace with their own town. No commission, no listing fee.
Questions about buying a home in Wallace
What do homes sell for in Wallace, FL?
109 homes sold in the year to May 2026 at a typical $387K, $185 a square foot.
Is Wallace a buyer’s or seller’s market?
A seller’s market: 44 homes were for sale in May 2026 and 12 sold, about 3.7 months of supply. Buyers paid 98.2% of asking on average, and 24% of listings cut their price.
When is the best time to buy in Wallace?
April brings the most new listings. The sales history shows which months have fewer bidding wars.
How much are property taxes in Wallace?
About 0.6% of a home’s value a year. On a $387K home that’s near $2,380.
Where can I see homes for sale in Wallace?
Zillow, Redfin, Realtor.com and Homes.com all carry Wallace’s MLS listings; the search links above open each one filtered to Wallace.
Sales, prices, days on market and listings: Redfin Data Center (MLS, monthly, not seasonally adjusted). Property tax rate: Census American Community Survey. Two-bedroom rent: HUD Fair Market Rent. Typical home value: Zillow Home Value Index. Schools grade: TownRatings (how grades work).