Is Wallace, ID 83873 a buyer’s or seller’s market?
Wallace is a seller’s market. With about 2.3 months of supply and 18% of recent sales closing above the original list price, competing offers are common on well-priced homes. Buyers here often have a pre-approval in hand and a plan for the appraisal gap before touring.
The Wallace housing market right now
In the three months ending August 31, 2026, 18% of homes in Wallace, ID 83873 sold above their list price, the typical home went under contract in 92 days and there were 2.3 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 11 home sales.
Compared with the same period a year earlier, the share selling over asking rose from 13%, homes sold more slowly (63 days then) and the median sale price rose 23% to $314,364. Overall, Wallace is less competitive than a year ago, which gives buyers more room.
Within Shoshone County, homes here sell more slowly than in 87% of the county’s ZIP codes, and sell more often over asking than in 88%.
Nearby, buyers who want less competition could look at Smelterville 83868 (0% sold over asking) or Silverton 83867 (0% sold over asking), while Kingston 83839 (44% sold over asking) is even more competitive.
Run the numbers for 83873
Nearby markets
Avery 83802 — /sq ftCalder 83808 — /sq ftClarkia 83812 $45 /sq ftKellogg 83837Buyer’s market $197 /sq ft Browse all markets →Towns like Wallace nearby
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Questions about Wallace real estate
Is Wallace a buyer’s or seller’s market?
A seller’s market: there were 2.3 months of supply in Wallace, ID 83873 in the three months ending August 31, 2026. Under four months usually favors sellers, and more than six favors buyers.
How fast do homes sell in Wallace?
The typical home went under contract in 92 days in the latest three months.
Do homes in Wallace sell over asking?
18% of homes sold above their original list price, and the typical sale closed at 98.4% of the list price.
What are property taxes in Wallace?
About 0.50% of a home’s value a year in Shoshone County, or roughly $2,000 on a $400,000 home.
What is the median home price in Wallace?
The median sale price was $314,364 in the three months ending August 31, 2026, about $170 per square foot.
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Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology