Is there an easy way in Python to wait until certain condition is true?

Unfortunately the only possibility to meet your constraints is to periodically poll, e.g….:

import time

def wait_until(somepredicate, timeout, period=0.25, *args, **kwargs):
  mustend = time.time() + timeout
  while time.time() < mustend:
    if somepredicate(*args, **kwargs): return True
    time.sleep(period)
  return False

or the like. This can be optimized in several ways if somepredicate can be decomposed (e.g. if it’s known to be an and of several clauses, especially if some of the clauses are in turn subject to optimization by being detectable via threading.Events or whatever, etc, etc), but in the general terms you ask for, this inefficient approach is the only way out.