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 31 closed sales in Wallace Sub in St Petersburg, FL since 2011, the most recent in May 2026. Recorded prices since 2024 ran from $315,000 to $585,000 (median $391,000), on homes of 1,056 to 1,783 sq ft. 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 $7,580 ($6,770 with the full homestead exemption).
| Location | St Petersburg, Pinellas County, FL · ZIP 33713 |
|---|---|
| Homes in the community | 1,990 (FL DOR 2025 assessment roll) |
| Years built | 1910–2024 (median 1955.0) |
| Typical living area | 1,275 sq ft (median) |
| Amenities listed by sellers | Security Lights, Security System |
| For sale right now | 0 active, 0 pending |
| Owner-occupied (homestead) share | 66% |
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 Sub key facts,” movewithmomentum.com/neighborhoods/wallace-sub, data as of September 20, 2026.
Price here is driven by condition and vintage, not square footage. With a median build around 1955 and a housing stock that runs from 1910 all the way to 2024, two homes on the same block can trade very differently depending on whether they've been reworked or left original. The median living area sits near 1,275 square feet, so you're largely buying compact, older St Petersburg homes where renovation status is the swing factor.
For buyers, that spread is the opportunity: do your diligence on systems and permits, because the cheaper end is usually cheaper for a reason. For sellers, an updated home stands out against an inventory of mostly mid-century originals, and that's where you defend your number. Roughly two-thirds of homes here carry a homestead exemption, which points to an owner-occupied core that tends to hold inventory rather than flood the market.
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 Sub 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.
County records show 133 qualified sales in Wallace across 2024–2025 (82 in 2024, 51 in 2025), median $378,000 — 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 with a renovation budget who want to add value to an older, compact home
- Owner-occupants planning to stay put in a smaller footprint near central St Petersburg
- Buyers who value character and vintage variety over new construction
Probably not for
- Buyers who need substantial square footage without expanding an existing home
- Anyone wanting turnkey, low-maintenance uniformity across the neighborhood
- Buyers unwilling to budget for inspections and potential systems work on older housing stock
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 Sub, 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 vintage stock priced on condition
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.
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 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.
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 (31 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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