Wallace, ID Foreclosures
Current Market Conditions in in Wallace, ID As of March 2026?
Over the past month, the Wallace real estate market has remained consistent with slight increases in home prices, indicating ongoing demand amid limited inventory. Many buyers are attracted to the area's history and scenic beauty, which has led to a competitive market environment. Homes are selling faster than usual, with some properties going under contract within days of listing.
How much do homes sell for in Wallace, ID?
The average home price is currently $256,439.
What’s the average rental cost in Wallace, ID?
The average rental price in Wallace is $896.
What is the most expensive home in Wallace?
The most expensive home sold in Wallace had a price of $1,666,700.
What is currently the cheapest priced home in Wallace, ID?
The cheapest home for sale in Wallace is priced at $17,148.
Living in Wallace, ID
Wallace, Idaho, is a small historic town known for its beautiful surroundings and rich mining history. With scenic landscapes and a variety of outdoor activities, it offers a welcoming atmosphere for residents and visitors alike. The community enjoys a range of amenities, making it a great place to call home.
Buyer vs Seller Market in Wallace, ID
The real estate market in Wallace, ID, remains robust, with a steady demand for homes driven by the town's picturesque surroundings and outdoor recreational opportunities. Sellers are experiencing favorable sales conditions, with many properties receiving multiple offers.
Current trends indicate an increase in interest for vacation homes, spurred by the area's natural beauty and proximity to various outdoor activities, including hiking, skiing, and biking.
Home Value Estimator For Wallace, ID
There are currently 1,318 real estate properties
in Wallace, ID,
with a median automated valuation model (AVM) price
of $236,282.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Wallace, ID, based on current market
trends, comparable real
estate sales nearby, historical data and, of course, property features, among other
variables. These automated home estimates are often very helpful, providing buyers
and
sellers with a better idea of a home’s value ahead of the negotiation process. For
example,
the average home price in Wallace, ID,
is $256,439.00, with the most expensive house
in Wallace, ID, topping out
at $1,666,700.00 and the cheapest home
in Wallace, ID,
clocking in at $17,148.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Wallace, ID!
Rent Prices
In Wallace, ID
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Wallace, ID, is on
a rollercoaster ride. The
average rent price in Wallace, ID,
is $896.00. Indeed, when looking to rent in
Wallace, ID, you can expect to pay as little
as $460.00 or as much
as $1,800.00,
with the average rent median estimated to
be $900.00. The good news is that finding
an affordable and desirable property to rent in Wallace, ID
-- whether it’s apartments,
townhomes, condominiums or single-family homes -- is made easier with knowledge of
the
local market and, of course, a little patience.
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