The median sale price of a home in Park Place was $319K last month, down 7.5% since last year. The median sale price per square foot in Park Place is $169, down 10.3% since last year.
What is the housing market like in Park Place today?
In April 2025, Park Place home prices were down 7.5% compared to last year, selling for a median price of $319K. On average, homes in Park Place sell after 40 days on the market compared to 63 days last year. There were 7 homes sold in April this year, down from 12 last year.
All Home Types
Median Sale PriceAll Home Types
Median Sale Price
(All Home Types)
$319,000
-7.5% YoY | Apr 2025
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
Apr 2025
Growth
% YoY
Park Place, VA
$319,000
-7.5%
United States
To compare other locations to the Park Place and U.S. housing market, enter a city, neighborhood, state, or zip code into the search bar. Learn which home features in Norfolk add value to a home.
How much is your home worth? Track your home’s value and compare it to nearby sales.
Work with the best agents in Park Place
Redfin agents are among the most experienced in the industry, so we know how to help you win in today's market.
How hot is the Park Place housing market?
Learn what it takes to have a winning offer
All Home Types
Sale-to-List PriceAll Home Types
Sale-to-List Price
(All Home Types)
99.0%
+0.05 pt YoY | Apr 2025
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 - Moderate
97% of properties are at risk of severe flooding over the next 30 years
Flood Factor
Park Place has a moderate risk of flooding. 307 properties in Park Place are likely to be
severely affected
by flooding over the next 30 years. This represents 97% 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.