The Park Place housing market is somewhat competitive. The median sale price of a home in Park Place was $299K last month, down 10.1% since last year. The median sale price per square foot in Park Place is $163, down 19.9% since last year.
What is the housing market like in Park Place today?
In May 2025, Park Place home prices were down 10.1% compared to last year, selling for a median price of $299K. On average, homes in Park Place sell after 40 days on the market compared to 32 days last year. There were 22 homes sold in May this year, down from 26 last year.
All Home Types
Median Sale PriceAll Home Types
Median Sale Price
(All Home Types)
$298,750
-10.1% YoY | May 2025
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
May 2025
Growth
% YoY
Park Place, VA
$298,750
-10.1%
United States
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How hot is the Park Place housing market?
Park Place is somewhat competitive. Homes sell in 26 days.
0
100
63
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 6 months
Some homes get multiple offers.
The average homes sell for about 3% below list price and go pending in around 26 days.
Hot homes
can sell for around list price and go pending in around 14 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 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.