$6,589 Closing Credit*
$554,900
2,937 SqFt
3 Beds
•2 Full Baths, 2 Partial
Laura Adams, Listing Office: L L B & B, Inc.
Is Park Place, AL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Since last month, Park Place has remained a Buyer'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
$590,000
$165/sqft
Based on all homes sold in November 2024.
Difference Since Last Month
+$241,500(+69.3%)
Key Takeaway
Homes in Park Place have sold for 69.3% more than they did a month ago.
Summary: The median home sold price in Park Place was $590,000 in November 2024, up 69.3% from last month, and the median price per square foot was $165.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | - | N/A |
| 3 Bedrooms | $348.5K | $112.3M | +32142.5% |
| 4 Bedrooms | - | $590K | N/A |
| 5+ Bedrooms | - | - | N/A |
Summary: Park Place housing prices by bedroom type for November 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 32142.5%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Neighborhoods
| Lyons Park | $270K | $600K | +122.2% |
| Park Place | $348.5K | $590K | +69.3% |
Housing Supply in Park Place, AL
How many homes are available in Park Place, AL?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 20 | 22 | +10.0% |
Summary: The Park Place real estate market had 22 homes for sale in November 2024, a 10.0% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 6 | 6 | 0.0% |
| 2 Bedrooms | 0 | 0 | 0.0% |
| 3 Bedrooms | 12 | 13 | +8.3% |
| 4 Bedrooms | 2 | 3 | +50.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Park Place housing inventory by bedroom type for November 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 8.3%, 4 bedroom homes increased by 50%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 1 | 3 | +200.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Park Place, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.
Summary: A total of 3 homes were sold or pending in Park Place in November 2024, up by 200.0% month-over-month. Of the 3 sold homes, 67% were sold under asking, 0% were sold at asking, and 33% 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.