Why Live in Wallace
Wallace, located in East Nantmeal, Chester County, Pennsylvania, is a rustic community characterized by winding country roads, lush greenery, and open fields. The area is known for its serene countryside setting and proximity to expansive green spaces, including Marsh Creek State Park, less than 10 miles away, featuring a 535-acre lake popular for boating and fishing. Wallace is experiencing growth with new developments like the Trails at Marsh Creek and Spring Mill, offering traditional homes with open floorplans. Single-family homes in Wallace typically sit on 2-acre lots and include styles such as bucolic farmhouses, sprawling ranch-style estates, and Colonial Revivals. Outdoor amenities are common, with many properties featuring spacious back decks, in-ground pools, and babbling creeks.
The township boasts five public parks, including Springton Manor Farm, a 306-acre park with an agriculture museum, a demonstration farm, and multi-use trails. Wagenseller Park is a community hub with a covered pavilion for gatherings and events like the Wallace Winter Wonderland and Community Day. Local attractions include the Creekside Raceway for kart racing and The Golf Zone Family Fun Center for golf enthusiasts. Dining options are limited but cherished, with Mean Bean Coffee and Cream and Far Away Farm Country Corner serving as popular spots for locals.
Students in Wallace attend the highly rated Downingtown Area School District, with Springton Manor Elementary School, Downingtown Middle School, and Downingtown High School West all receiving high marks. The area is largely car-dependent, with Pennsylvania Route 282 providing access to nearby townships and Interstate 76 connecting residents to Philadelphia, about 40 miles away. Philadelphia International Airport is approximately a 45-mile drive from Wallace.
Home Trends in Wallace, PA
On average, homes in Wallace, East Nantmeal sell after 57 days on the market compared to the national average of 70 days. The median sale price for homes in Wallace, East Nantmeal over the last 12 months is $440,000, down 16% from the median home sale price over the previous 12 months.
Median Sale Price
$440,000
Median Single Family Sale Price
$445,000
Median Townhouse Sale Price
$369,900
Median 2 Bedroom Sale Price
$210,000
Average Price Per Sq Ft
$289
Number of Homes for Sale
2
Last 12 months Home Sales
11
Median List Price
$369,900
Median Change From 1st List Price
0%
Median Home Sale Price YoY Change
-16%