Wallace Housing Market Report February 2025•Duplin County, North Carolina

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Housing Prices in Wallace, NC

How much do homes in Wallace, NC cost?

Housing Market Conditions

Is Wallace, NC a buyer’s or seller’s market?

Housing Market Conditions

This is the supply and demand for houses in an area based on home prices and trends.

Buyer’s Market

A buyer’s market occurs when the number of available properties for sale exceeds the number of buyers looking to purchase. In a buyer’s market, the supply exceeds the demand.

Neutral Market

A neutral market occurs when the number of buyers looking to purchase properties meets the number of available properties for sale. In a balanced market, there are enough homes to meet the demand.

Seller’s Market

A seller’s market occurs when there are more buyers looking to purchase properties than there are available homes on the market. In a seller’s market, the demand exceeds the supply.

Seller'sMarket

Buyer'sMarket

Wallace is a Buyer's Market

Difference Since February 2024

Since last year, Wallace has remained a Buyer's Market.

Insight

Wallace is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Median Sold Price

Median Sold Price
This is the middle price for which all homes in the area were sold. Half of all the homes sold were below this price, and half were above.
$317,500$164/SqFt
+$63,500
+25.0%

Based on all homes sold in the last 12 months

Insight

Homes in Wallace have sold for 25% more than they did a year ago.

Summary: The median home sold price in Wallace was $317,500 in February 2025, up 25% from last year, and the median price per square foot was $164.

Median Sold Price By Cities

Median Sold Price By Cities
This is the middle price for which all homes in the area were sold compared to surrounding cities. Half of all the homes sold were below this price, and half were above.
CityChange YoY
Union Township
+39.5%
Wallace
+25.0%
Island Creek Township
+20.6%

Median Sold Price By Bedrooms

Median Sold Price By Bedrooms
This is the middle price for all homes actively listed in an area broken out by the number of bedrooms. Half of the homes are listed below this price, and half are above.
BedsFeb 2024Feb 2025Change YoY
1--
N/A
2$154K$151.5K
-1.6%
3$236.5K$281.4K
+19.0%
4$632K$491.2K
-22.3%
5$750K$850K
+13.3%

Summary: Wallace housing price by bedroom type for February 2025, compared to the previous year. The home price for 1 bedroom homes did not change. The home price for 2 bedroom homes decreased by -1.6%. The home price for 3 bedroom homes increased by +19.0%. The home price for 4 bedroom homes decreased by -22.3%. The home price for 5 bedroom homes increased by +13.3%.

Housing supply in Wallace, NC

How many homes are available in Wallace, NC?

Number of Homes For Sale

Number of Homes For Sale
This is the total number of homes actively listed in an area.
Last Month2 months agoChange MoM
65Last MonthFeb 2025
622 months agoJan 2025
+4.8 %
Change MoMJan – Feb

Summary: The Wallace real estate market had 65 homes for sale in Feb 2025, a 4.8 % increase compared to Jan 2025.

Number of Homes Sold

Number of Homes Sold
This is the total number of both homes sold and pending in an area.
Last Month2 months agoChange MoM
4Last MonthFeb 2025
82 months agoJan 2025
-50.0 %
Change MoMJan – Feb

Homes For Sale By Bedroom Count

Homes For Sale By Bedroom Count
This is the total number of homes actively listed in an area by number of bedrooms.
BedsJan 2025Feb 2025Change MoM
100
0.0%
200
0.0%
32931
+6.9%
42829
+3.6%
555
0.0%

Summary: Wallace housing inventory by bedroom type for February 2025, compared to the previous month. The inventory for 1 bedroom homes remained the same. The inventory for 2 bedroom homes remained the same. The inventory for 3 bedroom homes increased by +6.9%. The inventory for 4 bedroom homes increased by +3.6%. The inventory for 5 bedroom homes remained the same.

Asking Price vs. Sold Price

How much do homes in Wallace, NC cost?

Asking Price vs. Sold Price

The asking price is how much a home is listed for. The selling price is how much the home actually sold for.

Under Asking

Homes that sold for less than the asking price

At Asking

Homes that sold at their asking price

Over Asking

Homes that sold above the asking price

Over Asking Price0 Home

At Asking Price2 Homes

Under Asking Price2 Homes

Insight

If you're buying a home in Wallace, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 4 homes were sold or pending in Wallace in February 2025, down by 50.0% month-over-month. Of the 4 sold homes, 50% were sold under asking, 50% were sold at asking, and and 0% were sold over asking.

Days on Market for Wallace, NC

How long does it take to sell a home in Wallace, NC?

Breakdown of Home Sale Times

Under 30 Days2 Homes

30 – 90 Days0 Home

Over 90 Days2 Homes

Insight

Many homes in Wallace are selling fast, if you're buying plan to act quickly.

Summary: During February 2025, 4 homes were sold in Wallace; 50% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 50% of homes were sold over 90 days.

Average Sale Time

Average Sale Time
This is the average number of days homes take to sell in an area.
This Year1 year agoChange YoY
134 DaysThis YearFeb 2025
31 Days1 year agoFeb 2024
+325.5 %
Change YoYFeb 2024 – Feb 2025

Summary: Homes in Wallace had an average listing age of 134 days in Feb 2025, up by 325.5% compared to the previous year.

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Newest Listings in Wallace, NC

What homes are available in Wallace, NC?

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Nearby markets

Popular Cities with Homes for Sale in North Carolina

MLS Disclaimers and Copyright

Based on information from Hive MLS, and Doorify MLS for the period 03/01/2023 - 03/01/2025

IDX Copyright 2025 North Carolina Regional MLS LLC. All rights reserved. The data relating to real estate on this web site comes in part from the Internet Data Exchange program of North Carolina Regional MLS LLC (NCRMLS). All information is deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change, or withdrawal. Neither listing broker(s) nor this firm shall be responsible for any typographical errors, misinformation, or misprints, and shall be held totally harmless from any damages arising from reliance upon these data. NCRMLS will not be liable for any damage or loss resulting from use of the provided content or the products available through Portals, IDX, VOW, and/or Syndication. Recipients of this information shall not resell, redistribute, reproduce, modify, or otherwise copy any portion thereof without the expressed written consent of NCRMLS.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 3/4/2025, 3:20:50 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
IDX Copyright © 2025 Doorify MLS of North Carolina. All rights reserved. Listings marked with a Doorify MLS icon are provided courtesy of the Doorify MLS, of North Carolina, Internet Data Exchange Database. Brokers make an effort to deliver accurate information, but buyers should independently verify any information on which they will rely in a transaction. The listing broker shall not be responsible for any typographical errors, misinformation, or misprints, and they shall be held totally harmless from any damages arising from reliance upon this data. This data is provided exclusively for consumers’ personal, non-commercial use.

Properties subject to prior sale, change, withdrawal or rental. Closed (sold) listings may have been listed and/or sold by a real estate firm other than the firm(s) featured on this website. Closed data is not available until the sale of the property is recorded in the MLS. Home sale data is not an appraisal, CMA, competitive or comparative market analysis, or home valuation of any property.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 3/3/2025, 11:50:56 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.