The Prestonwood on the Park housing market is very competitive. The median sale price of a home in Prestonwood on the Park was $550K last month, down 37.1% since last year.
What is the housing market like in Prestonwood on the Park today?
In October 2024, Prestonwood on the Park home prices were down 37.1% compared to last year, selling for a median price of $550K. On average, homes in Prestonwood on the Park sell after 32 days on the market compared to 33 days last year. There were 3 homes sold in October this year, up from 3 last year.
All Home Types
Median Sale PriceAll Home Types
Median Sale Price
(All Home Types)
$550,000
-37.1% YoY | Oct 2024
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
Oct 2024
Growth
% YoY
Prestonwood on the Park, TX
$550,000
-37.1%
United States
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How hot is the Prestonwood on the Park housing market?
Prestonwood on the Park is very competitive. Homes sell in 32 days.
0
100
70
Very Competitive
Redfin Compete Score™
The Redfin Compete Score rates how competitive an area is on a scale of 0 to 100, where 100 is the most competitive.
Calculated over the last 12 months
Many homes get multiple offers, some with waived contingencies.
The average homes sell for about 1% above list price and go pending in around 32 days.
Hot homes
can sell for about 3% above list price and go pending in around 13 days.
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
Oct 2024
Growth
% YoY
Prestonwood on the Park, TX
96.4%
-1.8 pt
United States
Schools in Prestonwood on the Park
Learn about schools in the Prestonwood on the Park area
Elementary
Middle
High
GreatSchools Rating
No elementary schools in this region.
School data provided by GreatSchools. School service boundaries are intended to be used as reference only. To verify enrollment eligibility for a property, contact the school directly.
Climate's impact on Prestonwood on the Park housing
Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that
could impact homes in Prestonwood on the Park.
Flood Factor - Minor
9% of properties are at risk of severe flooding over the next 30 years
Flood Factor
Prestonwood on the Park has a minor risk of flooding. 34 properties in Prestonwood on the Park are likely to be
severely affected
by flooding over the next 30 years. This represents 9% of all properties in Prestonwood on the Park. Flood risk is increasing slower than the national average.
100% of properties are at major
risk of a severe wind event over the next 30 years
Wind Factor
Prestonwood on the Park has a Major Wind Factor® risk based on the projected likelihood and speed of hurricane, tornado, or severe storm winds impacting it. Prestonwood on the Park is most at risk from hurricanes. 591 properties in Prestonwood on the Park have some risk of being in a severe wind event within the next 30 years.
Wind likelihood over time
If an exceedingly rare windstorm
(a 1-in-3,000 year storm event)
occurred today, it could cause wind gusts of up to 76 mph. In 30 years, an event of this same likelihood would show increased wind gusts of up to 82 mph.
99% of properties are at severe
risk of heat over the next 30 years
Heat Factor
Prestonwood on the Park has a severe risk from heat. This is due to
"feels like" temperatures
increasing, and because 99% of homes in Prestonwood on the Park have a Severe Heat Factor®.
Prestonwood on the Park is expected to see a 242% increase in the number of days over 109ºF over the next 30 years. Prestonwood on the Park is expected to experience 8