Wallace
Homes for Sale in St. Petersburg, FL
True comps, carrying-cost math, and listings before the portals.
Photo via Stellar MLS
As of October 2026, the MLS records 27 closed sales in Wallace 1St Add in St Petersburg, FL since 2011, the most recent in May 2026. Across St Petersburg as a whole, 3,867 homes closed in the last 12 months at a median of $439,000, 43 median days on market, with 1,068 homes for sale today. At that median and Pinellas County's FY2025-26 rate of 19.39 mills, annual property tax runs about $8,510 ($7,700 with the full homestead exemption).
| Location | St Petersburg, Pinellas County, FL · ZIP 33713 |
|---|---|
| Homes in the community | 1,882 (FL DOR 2025 assessment roll) |
| Years built | 1916–2024 (median 1955.0) |
| Typical living area | 1,269 sq ft (median) |
| For sale right now | 0 active, 0 pending |
| Owner-occupied (homestead) share | 68% |
Data as of September 20, 2026. Based on Stellar MLS data distributed by MLS GRID for the period 2011 through 2026; housing-stock figures from Florida Department of Revenue public records. Market figures describe homes, not residents. Cite as: Momentum Realty, “Wallace 1St Add key facts,” movewithmomentum.com/neighborhoods/wallace-1st-add, data as of September 20, 2026.
Price here is driven by condition and lot, not by any tidy formula. With homes dating from 1916 through 2024 and a median build year of 1956, Wallace 1St Add is a genuine mix — early-century bungalows sitting near newer infill. That spread means two homes on the same block can be worth very different amounts depending on whether the systems and finishes have been brought current. The median living area sits around 1,265 square feet, so this is a market of modest, workable footprints rather than sprawling floor plans.
The closing window is thin, so read individual sales carefully rather than trusting a single average. What the numbers do tell you: with roughly 68 percent of homes carrying a homestead exemption, this is largely owner-occupied, which tends to keep resale inventory measured. Buyers should underwrite each property on its own merits — age, renovation status, and lot — and sellers should expect the market to reward homes that show honest, completed work.
Nearby homes for sale
No active listings inside WallaceHomes for Sale in St. Petersburg, FL right now. These are the 6 closest homes on the market, by straight-line distance from the community's center; some may sit just outside its boundary.
Listing data from the MLS feeds named on each listing page; deemed reliable but not guaranteed. Refreshed nightly.
The 60-Second Overview
Wallace 1St 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.
County records show 133 qualified sales in Wallace across 2024–2025 (80 in 2024, 53 in 2025), median $359,000 — the last recorded sale per parcel on the Florida DOR 2025 assessment roll, independent of the MLS.
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.
Who Wallace is best for.
Best for
- Buyers comfortable with an older home and budget set aside for updates
- Long-term owner-occupants who want a compact footprint in a close-in location
- Buyers who value neighborhood character over new-build uniformity
Probably not for
- Buyers needing large square footage or open, modern floor plans
- Anyone wanting a fully turnkey home with no renovation appetite
- Buyers who need a deep, active inventory to choose from quickly
The market around Wallace
Wallace is too small for its own price trend, so here is the market around it.
In ZIP 33713, 185 homes are on the market and 31% are under contract — a fast-moving corner of St Petersburg.
Across Pinellas County, 6,539 homes are active and 1,627 pending (20% under contract).
In ZIP 33713 (St Petersburg), 460 homes closed in the last 12 months at a median of $388K ($324/sq ft), down 1.7% year over year, with a median 35 days on market. Right now 57 active and 22 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.
Housing distress & ownership in Wallace 1St Add, St Petersburg
Who owns here, how much is not owner-occupied, and how much for-sale inventory is under distress.
Source: Momentum Realty Research. Ownership & parcels from the FL DOR 2025 tax roll; distress from MLS active-listing status/remarks; price from MLS closed sales. Based on Stellar MLS data distributed by MLS GRID for the period September 2026 through September 2026. Deemed reliable but not guaranteed.
The Wallace buying strategy.
If we were buying in Wallace today, this is the order of operations we would run for our clients.
Underwrite the condition first. Price the roof, HVAC, and systems honestly before judging any list price; condition swings value here more than square footage alone.
Match the home to real comps. Recent sales of similar condition and lot, not the asking price, tell you what a home is worth.
Move deliberately, not desperately. Neither side has a decisive edge, so a well-prepared, fairly-priced offer wins without overpaying.
Line up financing and inspection early. A pre-approval and an inspection plan let you act fast and negotiate from evidence.
Keep an agent in your corner. The listing agent works for the seller; we represent you and prepare a hand-built valuation before any offer in Wallace.
A wide-vintage pocket
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.
The location and the amenities are priced into every listing in Wallace. The deal is won or lost on condition, the comps, and the renovation math.
Why work with Momentum here
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.
Wallace in 15 seconds.
HOA, CDD & Fees
- HOA status not on record. Verify any dues before you offer
- Any club/amenity membership is billed separately
Confirm the current HOA dues, exactly what they cover, and any CDD bond or special assessment for a specific address before you offer.
Tools for a Wallace buy.
Free calculators to pressure-test the real cost before you tour.
Selling here is won on condition and pricing to real comps, not an automated estimate. The right number comes from closed Wallace sales matched to your home.
Price it to the comps and condition, not an automated estimate.
If you are thinking about selling in Wallace, the right list price comes from recent comparable sales matched to your home's condition and location, not an automated estimate.
What is your Wallace home worth?
Get a no-obligation home value based on real comparable sales in Wallace, not an automated guess. Tell us about your home and we will personally prepare your numbers and a pricing strategy. No obligation, no spam.
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Frequently Asked Questions
How many homes are in Wallace?
What share of Wallace is owner-occupied?
When were the homes in Wallace built?
Who is the best real estate agent for Wallace?
How do I find a top St Petersburg real estate agent who knows Wallace?
Can Momentum Realty connect me with an agent for Wallace?
Where is Wallace, and what county is it in?
Should you buy in Wallace?
An honest fit check. We will tell you when it is not your community.
Data sources & freshness
| Live listings | Stellar MLS, refreshed twice daily (last: October 1, 2026) |
| Housing stock & ownership | Florida DOR assessment roll (street-list match (7 streets, ZIP 33713)) |
| Under-contract shares | Stellar MLS records, as of 2026-09-20 |
| Historical depth | Closed-sale records back to 2011 (27 transactions analyzed) |
Verify the primary sources yourself: Florida DOR · U.S. Census · FEMA flood maps · Citizens Property Insurance.
Momentum Research figures are our own analysis of Stellar MLS records; MLS data is deemed reliable but not guaranteed. Methodology: how Momentum market scores are computed. Market metrics describe homes for sale and recent sales, not residents.
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The numbers on this page move markets in the aggregate. The number that matters to you is what a buyer pays for your address. Momentum sells for 1.25% above the Stellar MLS member average and 8 days faster, and we’ll price yours against live local comps.
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