$3,978 Closing Credit*
$335,000
4 Beds
•2 Full Baths
Michelle Autio, Listing Office: Roberts Brothers TREC
Is Park Place, AL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, Park Place was a Seller's Market.
Key Takeaway
Park Place is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Park Place, AL
How much do homes in Park Place, AL cost?
Median Sold Price
$339,250
$166/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$156,800(+85.9%)
Key Takeaway
Homes in Park Place have sold for 85.9% more than they did a year ago.
Summary: The median home sold price in Park Place was $339,250 in October 2024, up 85.9% from last year, and the median price per square foot was $166.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $118K | $142.5K | +20.8% |
| 2 Bedrooms | $160K | $330K | +106.3% |
| 3 Bedrooms | $271.9K | $253K | -7.0% |
| 4 Bedrooms | $381.5K | $393.5K | +3.1% |
| 5+ Bedrooms | $1.1M | $400K | -63.8% |
Summary: Park Place housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 20.8%, 2 bedroom homes increased by 106.3%, 3 bedroom homes decreased by 7%, 4 bedroom homes increased by 3.1%, and 5+ bedroom homes decreased by 63.8%.
Housing Supply in Park Place, AL
How many homes are available in Park Place, AL?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 19 | 25 | +31.6% |
Summary: The Park Place real estate market had 25 homes for sale in October 2024, a 31.6% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 6 | 6 | 0.0% |
| 2 Bedrooms | 0 | 0 | 0.0% |
| 3 Bedrooms | 9 | 13 | +44.4% |
| 4 Bedrooms | 4 | 6 | +50.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Park Place housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 44.4%, 4 bedroom homes increased by 50%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 0 | 1 | +100.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Park Place, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 1 homes were sold or pending in Park Place in October 2024, up by 100.0% month-over-month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Park Place, AL
We’re sorry, we don't have information for this market at the moment
Listing information Copyright © 2024 Baldwin County Association of REALTORS®, Inc. All rights reserved. MLS IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the MLS.