The Park Place housing market is somewhat competitive. The median sale price of a home in Park Place was $201K last month, up 0.5% since last year. The median sale price per square foot in Park Place is $139, down 6.7% since last year.
What is the housing market like in Park Place today?
In March 2024, Park Place home prices were up 0.5% compared to last year, selling for a median price of $201K. On average, homes in Park Place sell after 136 days on the market compared to 43 days last year. There were 12 homes sold in March this year, up from 12 last year.
All Home Types
Median Sale PriceAll Home Types
Median Sale Price
(All Home Types)
$201,000
+0.5% YoY | Mar 2024
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
Mar 2024
Growth
% YoY
Park Place, AL
$201,000
+0.5%
United States
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How hot is the Park Place housing market?
Park Place is somewhat competitive. Homes sell in 38 days.
0
100
47
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 9 months
Some homes get multiple offers.
The average homes sell for about 2% below list price and go pending in around 38 days.
Hot homes
can sell for around list price and go pending in around 7 days.
All Home Types
Sale-to-List PriceAll Home Types
Sale-to-List Price
(All Home Types)
99.3%
+4.6 pt YoY | Mar 2024
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
Mar 2024
Growth
% YoY
Park Place, AL
99.3%
+4.6 pt
United States
Home offer insights for Park Place
Explore recent offers and recently sold homes in Park Place
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.
Risk Factor
Flood Factor - Severe
43% of properties are at risk of severe flooding over the next 30 years
Flood Factor
Park Place has a severe risk of flooding. 575 properties in Park Place are likely to be
severely affected
by flooding over the next 30 years. This represents 43% of all properties in Park Place. Flood risk is increasing slower than the national average.
28% of properties are at risk of wildfire over the next 30 years
Fire Factor
Park Place has a moderate risk of wildfire. There are 473 properties in Park Place that have some risk of being affected by wildfire over the next 30 years. This represents 28% of all properties in Park Place.
100% of properties are at extreme
risk of a severe wind event over the next 30 years
Wind Factor
Park Place has an Extreme 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. 1,670 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 145 mph. In 30 years, an event of this same likelihood would show increased wind gusts of up to 152 mph.