Wallace, FL housing market

The median sale price in Wallace, FL was $350K in May 2026, up 1.5% year over year, measured across homes that actually closed that month (Redfin). The three months through May 2026 averaged $405K, firming from $391K across the three months before that. That puts prices 35.4% below the strongest three-month stretch on record here, which ended in May 2024 at $628K.

Buyers had 44 homes to choose from in May 2026, up 57.1% year over year (Redfin). At the current sales pace that standing inventory works out to 3.7 months of supply; convention treats four to six months as a balanced market, which puts Wallace, FL on the sellers' side of that line. 17 homes came to market in May 2026, up 112.5% year over year, against 12 closings, down 14.3% year over year. Homes that sold in May 2026 took a median of 21 days to go under contract, 101 days faster than this market's usual May pace.

Competition is measurable in the closings themselves: 17% settled above asking, and the average sale landed at 100% of its final list price. 18% of listings carried a price cut in May 2026.

This page tracks 9 monthly housing series for Wallace, FL — median sale price, inventory (active), median days on market, months of supply, homes sold, new listings, and more — sourced from Redfin, running from Aug 2016 through May 2026. Chart any of them below, switch between levels and year-over-year change, or add nearby Florida markets to compare side by side.