The Park Place housing market is very competitive. The median sale price of a home in Park Place was $278K last month, up 1.1% since last year. The median sale price per square foot in Park Place is $166, up 6.1% since last year.
What is the housing market like in Park Place today?
In January 2025, Park Place home prices were up 1.1% compared to last year, selling for a median price of $278K. On average, homes in Park Place sell after 27 days on the market compared to 81 days last year. There were 15 homes sold in January this year, down from 23 last year.
All Home Types
Median Sale PriceAll Home Types
Median Sale Price
(All Home Types)
$278,000
+1.1% YoY | Jan 2025
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
Jan 2025
Growth
% YoY
Park Place, VA
$278,000
+1.1%
United States
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How hot is the Park Place housing market?
Park Place is very competitive. Homes sell in 30 days.
0
100
70
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 6 months
Many homes get multiple offers, some with waived contingencies.
The average homes sell for around list price and go pending in around 30 days.
Hot homes
can sell for about 2% above list price and go pending in around 16 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 - 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.