The Park Cities housing market is somewhat competitive. The median sale price of a home in Park Cities was $2.1M last month, up 13.3% since last year. The median sale price per square foot in Park Cities is $606, up 5.8% since last year.
What is the housing market like in Park Cities today?
In March 2024, Park Cities home prices were up 13.3% compared to last year, selling for a median price of $2.1M. On average, homes in Park Cities sell after 25 days on the market compared to 19 days last year. There were 72 homes sold in March this year, up from 54 last year.
All Home Types
Median Sale PriceAll Home Types
Median Sale Price
(All Home Types)
$2,095,000
+13.3% YoY | Mar 2024
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
Mar 2024
Growth
% YoY
Park Cities, TX
$2,095,000
+13.3%
United States
To compare other locations to the Park Cities and U.S. housing market, enter a city, neighborhood, state, or zip code into the search bar. Learn which home features in University Park add value to a home.
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How hot is the Park Cities housing market?
Park Cities is somewhat competitive. Homes sell in 25 days.
0
100
60
Somewhat 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
Some homes get multiple offers.
The average homes sell for about 2% below list price and go pending in around 25 days.
Hot homes
can sell for about 1% above list price and go pending in around 10 days.
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 Cities housing
Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that
could impact homes in Park Cities.
Risk Factor
Flood Factor - Moderate
8% of properties are at risk of severe flooding over the next 30 years
Flood Factor
Park Cities has a moderate risk of flooding. 506 properties in Park Cities are likely to be
severely affected
by flooding over the next 30 years. This represents 8% of all properties in Park Cities. Flood risk is increasing slower than the national average.
10% of properties are at risk of wildfire over the next 30 years
Fire Factor
Park Cities has a minor risk of wildfire. There are 1,154 properties in Park Cities that have some risk of being affected by wildfire over the next 30 years. This represents 10% of all properties in Park Cities.
100% of properties are at major
risk of a severe wind event over the next 30 years
Wind Factor
Park Cities has a Major Wind Factor® risk based on the projected likelihood and speed of hurricane, tornado, or severe storm winds impacting it. Park Cities is most at risk from hurricanes. 10,824 properties in Park Cities 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 81 mph. In 30 years, an event of this same likelihood would show increased wind gusts of up to 86 mph.