Wallace
Homes for Sale in St. Petersburg, FL

Wallace is an older, compact St Petersburg pocket in Pinellas County where the housing stock spans more than a century, so the real story is condition, not any single price point.

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 trait is age range. A median build near 1955 tells you the neighborhood's character is mid-century, but the 1910-to-2024 window means you'll find both original bungalows and recent construction on the same streets. That variety is why a single median price tells you almost nothing about the home you're actually looking at — you have to price each one on its own bones.

Living areas cluster around 1,275 square feet, so this is a market of smaller footprints where updates, additions, and lot use matter more than raw size. With about 66% of homes homesteaded, turnover leans toward genuine owner moves rather than churn, which typically keeps available inventory tighter and more idiosyncratic.

In a neighborhood where price hinges on condition and vintage rather than a tidy comp set, the value we add is triage: sorting the genuinely updated homes from the cosmetically staged, reading permit history, and pricing an older home honestly against its real condition. That's the difference between overpaying for an original 1955 build and recognizing a fair number.

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