The median sale price of a home in Park Place was $266K last month, down 12.8% since last year. The median sale price per square foot in Park Place is $152, down 6.7% since last year.
What is the housing market like in Park Place today?
In October 2024, Park Place home prices were down 12.8% compared to last year, selling for a median price of $266K. On average, homes in Park Place sell after 34 days on the market compared to 22 days last year. There were 17 homes sold in October this year, up from 13 last year.
All Home Types
Median Sale PriceAll Home Types
Median Sale Price
(All Home Types)
$266,010
-12.8% YoY | Oct 2024
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
Oct 2024
Growth
% YoY
Park Place, VA
$266,010
-12.8%
United States
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All Home Types
Sale-to-List PriceAll Home Types
Sale-to-List Price
(All Home Types)
104.3%
+8.6 pt YoY | Oct 2024
Based on Redfin calculations of home data from MLS and/or public records.
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 Park Place housing
Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that
could impact homes in Park Place.
Flood Factor - Minor
98% of properties are at risk of severe flooding over the next 30 years
Flood Factor
Park Place has a minor risk of flooding. 496 properties in Park Place are likely to be
severely affected
by flooding over the next 30 years. This represents 98% of all properties in Park Place. Flood risk is increasing faster than the national average.
100% of properties are at severe
risk of a severe wind event over the next 30 years
Wind Factor
Park Place has a Severe Wind Factor® risk based on the projected likelihood and speed of hurricane, tornado, or severe storm winds impacting it. Park Place is most at risk from hurricanes. 2,489 properties in Park Place 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 127 mph. In 30 years, an event of this same likelihood would show increased wind gusts of up to 143 mph.