Is Wallace, NC 28466 a buyer’s or seller’s market?

The Wallace housing market right now

In the three months ending August 31, 2026, 19% of homes in Wallace, NC 28466 sold above their list price, the typical home went under contract in 98 days and there were 7.1 months of supply. More than six months of supply favors buyers, who usually have more time and more room to negotiate. That’s based on 27 home sales.

Compared with the same period a year earlier, the share selling over asking rose from 11%, homes sold more slowly (69 days then) and the median sale price fell 8% to $344,026. Overall, Wallace is about as competitive as it was a year ago.

Within Duplin County, homes here sell more slowly than in 78% of the county’s ZIP codes, and sell more often over asking than in 67%. On our competition score, Wallace ranks #252 of 424 NC ZIP codes with enough sales (score 28 out of 100).

Nearby, buyers who want less competition could look at Rose Hill 28458 (0% sold over asking) or Magnolia 28453 (0% sold over asking), while Teachey 28464 (50% sold over asking) and Pink Hill 28572 (40% sold over asking) are even more competitive.