The North Parkway Village housing market is very competitive. The median sale price of a home in North Parkway Village was $137K last month, up 1.8% since last year. The median sale price per square foot in North Parkway Village is $114, up 24.6% since last year.
What is the housing market like in North Parkway Village today?
In May 2025, North Parkway Village home prices were up 1.8% compared to last year, selling for a median price of $137K. On average, homes in North Parkway Village sell after 18 days on the market compared to 30 days last year. There were 30 homes sold in May this year, down from 38 last year.
All Home Types
Median Sale PriceAll Home Types
Median Sale Price
(All Home Types)
$137,450
+1.8% YoY | May 2025
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
May 2025
Growth
% YoY
North Parkway Village, TN
$137,450
+1.8%
United States
To compare other locations to the North Parkway Village and U.S. housing market, enter a city, neighborhood, state, or zip code into the search bar. Learn which home features in Memphis add value to a home.
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How hot is the North Parkway Village housing market?
North Parkway Village is very competitive. Homes sell in 19 days.
0
100
75
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 3 months
Many homes get multiple offers, some with waived contingencies.
The average homes sell for about 3% below list price and go pending in around 19 days.
Hot homes
can sell for around list price and go pending in around 3 days.
Learn about schools in the North Parkway Village area
Elementary
Middle
High
GreatSchools Rating
4/10
Parkway Village Elementary
Public • PreK-5
828
Students
N/A
3/10
Evans Elementary School
Public • PreK-5
400
Students
2 reviews
2/10
Memphis Virtual School
Public • 4-12
486
Students
1 reviews
2/10
Sheffield Elementary School
Public • PreK-5
510
Students
2 reviews
NR
Shrine School
Public • PreK-12
138
Students
N/A
Only showing 5 of
7 elementary schools.
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 North Parkway Village housing
Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that
could impact homes in North Parkway Village.
Flood Factor - Minor
24% of properties are at risk of severe flooding over the next 30 years
Flood Factor
North Parkway Village has a minor risk of flooding. 343 properties in North Parkway Village are likely to be
severely affected
by flooding over the next 30 years. This represents 24% of all properties in North Parkway Village. Flood risk is increasing slower than the national average.
100% of properties are at moderate
risk of a severe wind event over the next 30 years
Wind Factor
North Parkway Village has a Moderate Wind Factor® risk based on the projected likelihood and speed of hurricane, tornado, or severe storm winds impacting it. North Parkway Village is most at risk from hurricanes. 6,328 properties in North Parkway Village 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 72 mph. In 30 years, an event of this same likelihood would show increased wind gusts of up to 76 mph.
63% of properties are at major
risk of heat over the next 30 years
Heat Factor
North Parkway Village has a major risk from heat. This is due to
"feels like" temperatures
increasing, and because 63% of homes in North Parkway Village have a Major Heat Factor®.
North Parkway Village is expected to see a 185% increase in the number of days over 109ºF over the next 30 years. North Parkway Village is expected to experience 6