Wallace
Homes for Sale in St. Petersburg, FL

Wallace Add is an older, close-in St Petersburg pocket where a century of building has produced a real range of housing — original 1916-era structures, mid-century stock around the 1956 median, and the occasional 2024 rebuild. Expect compact homes and a market where condition, not square footage, tends to set the number.

Stellar MLS sales records identify 90 homes in Wallace that have changed hands since 2004, built between 1955 and 1989 (median 1956), with a median living area of about 1,364 sq ft and a typical 2-bedroom, 2-bath layout; 100% are single-family homes. Source: Stellar MLS closed-sale history compiled by Momentum Research; counts reflect homes with a recorded MLS sale, not every home in the community.

Pre-construction details are compiled from public records, builder announcements and builder listings, and are subject to change without notice; figures are deemed reliable but not guaranteed. Momentum Research figures are our own analysis. This page describes homes, pricing and community attributes, not residents.

Wallace is too small for its own price trend, so here is the market around it.

In ZIP 33713, 184 homes are on the market and 33% are under contract — a fast-moving corner of St Petersburg.

Across Pinellas County, 6,628 homes are active and 1,729 pending (21% under contract).

In ZIP 33713 (St Petersburg), 461 homes closed in the last 12 months at a median of $385K ($324/sq ft), down 1.9% year over year, with a median 36 days on market. Right now 59 active and 19 pending listings put supply at about 3.5 months — a balanced market. See the live ZIP 33713 housing market and the Pinellas County market.

ZIP and county figures describe the wider market, not Wallace specifically. Momentum Research analysis of MLS records.

The defining fact here is age range. A community that spans 1916 to 2024 does not behave like a subdivision built in one phase — you are shopping vintages as much as addresses. Some homes retain original character and will want updating; others have already been reworked or rebuilt entirely. That variety is the appeal for buyers who want an older home with room to improve, and the caution for anyone expecting uniform, move-in-ready stock.

Footprints run modest, with the median living area near 1,265 square feet. That suits buyers prioritizing location and a smaller, manageable home over size. The high homestead share points to steady owner-occupancy, which generally means listings are chosen rather than forced — another reason to evaluate each home individually instead of leaning on neighborhood-wide assumptions.

In a pocket this varied, the average tells you almost nothing — the home in front of you tells you everything. We read each property against its vintage, its renovation history, and its lot, and we are candid when a listing is priced for finished work that hasn't been done. With a thin recent closing window, we lean on the fundamentals rather than a headline number, and we will tell you plainly when a home is or isn't worth the ask.

Confirm the current HOA dues, exactly what they cover, and any CDD bond or special assessment for a specific address before you offer.