Homes for Sale in Wallace, Michigan
New Listings in Wallace, Michigan
Explore 3 active real estate listings in Wallace, Michigan, including single-family homes, condos, waterfront, lots, vacant land, multi-family, and commercial properties for sale Prices range from $48,500 to $259,900.
Showing 1 - 3 of 3
Wallace, Michigan Real Estate Market
Market data calculated 6/2/2026
3
Total Listings
Menominee County: 82
$119,300
Average Price
Menominee County: $254,333
$49,500
Median Price
Menominee County: $184,700
$208
Price / Sq Ft
Menominee County: $132
19 days
Days on Market
Menominee County: 125 days
Current Market Condition
Seller's Market (High Demand)
Based on an average of 19 days on market.
See how your property compares to these regional averages.
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About Wallace, Michigan
Wallace is a small village in Menominee County near the Menominee River, offering affordable rural homes and properties in Michigan's Upper Peninsula. The community has a quiet country character with access to river fishing, hunting, and the many recreational opportunities of the surrounding region.
Frequently Asked Questions
How many homes are for sale in Wallace, Michigan?
There are currently 3 properties listed for sale in Wallace, Michigan.
What is the median home price in Wallace, Michigan?
The median listing price in Wallace, Michigan is $49,500.
What is the average home price in Wallace, Michigan?
The average listing price in Wallace, Michigan is $119,300.
How long do homes stay on the market in Wallace, Michigan?
Properties in Wallace, Michigan stay on the market for an average of 19 days before selling.
What types of properties are available in Wallace, Michigan?
Properties currently listed in Wallace, Michigan include: Vacant Land / Lots, Single-Family Homes.
What is the average price per square foot for homes in Wallace, Michigan?
The average price per square foot for homes listed in Wallace, Michigan is $208.
What is the price range for homes for sale in Wallace, Michigan?
Homes for sale in Wallace, Michigan are currently priced from $48,500 to $259,900.
What school districts serve Wallace, Michigan?
Homes in Wallace, Michigan are served by the following school districts: Stephenson School District.
How do home prices in Wallace, Michigan compare to Menominee County?
The average listing price in Wallace, Michigan is $119,300, compared to $254,333 for all of Menominee County — below the county average.
Is Wallace, Michigan a buyer's or seller's market?
Based on current days on market (19 days on average), Wallace, Michigan is considered a Seller's Market (High Demand). Homes are selling quickly, indicating higher demand relative to supply.