$1,722 Closing Credit*
$145,000
1,100 SqFt
2 Beds
•2 Full Baths
Enrique Ventura Jr., Listing Office: Brite Star Realty, LLC.
Is Park Place, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since September 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, FL
How much do homes in Park Place, FL cost?
Median Sold Price
$174,950
$190/sqft
Based on all homes sold in the last 12 months.
Difference Since September 2023
-$22,550(-11.4%)
Key Takeaway
Homes in Park Place have sold for 11.4% less than they did a year ago.
Summary: The median home sold price in Park Place was $174,950 in September 2024, down 11.4% from last year, and the median price per square foot was $190.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $139.4K | $170K | +21.9% |
| 2 Bedrooms | $215K | $185K | -14.0% |
| 3 Bedrooms | $239.5K | - | N/A |
| 4 Bedrooms | - | - | N/A |
| 5+ Bedrooms | - | - | N/A |
Summary: Park Place housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes increased by 21.9%, 2 bedroom homes decreased by 14%, 3 bedroom homes did not change, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Neighborhoods
| Pembroke Lakes | $384.9K | $425K | +10.4% |
| Park Place | $197.5K | $174.9K | -11.4% |
Housing Supply in Park Place, FL
How many homes are available in Park Place, FL?
Number of Homes For Sale
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 35 | 33 | -5.7% |
Summary: The Park Place real estate market had 33 homes for sale in September 2024, a 5.7% decrease compared to August 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 6 | 4 | -33.3% |
| 2 Bedrooms | 25 | 25 | 0.0% |
| 3 Bedrooms | 4 | 4 | 0.0% |
| 4 Bedrooms | 0 | 0 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Park Place housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 33.3%, 2 bedroom homes remained the same, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 5 | 1 | -80.0% |
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 September 2024, down by 80.0% 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, FL
How long does it take to sell a home in Park Place, FL?
Average Sale Time
| Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|
| 62 Days | 70 Days | +11.4% |
Summary: Homes in Park Place had an average of 70 days on market in Sep 2024, up by 11.4% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Park Place has remained consistent over time.
Summary: During September 2024, 1 homes were sold in Park Place; 0% of homes were sold within 30 days, 100% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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