Park Place Real Estate Guide

Park Place is a condo community in Alexandria, VA. It has approximately 363 units, built predominantly between 1950 and 1986. The median home price in Park Place is $171,500.


People like living in Park Place because:

  • Low Maintenance: Many people love the condo life, which can have much less maintenance requirements than a townhouse or single family house.
  • Neighborhood: Park Place’s median home value is lower than other surrounding neighborhoods, making it more affordable to live in Alexandria.
  • Bigger Homes: The median square footage of these homes is greater than 1,800 square feet, making these homes larger than its neighbors.

Current Park Place Real Estate Market Inventory

The dials below indicate the current status of the Park Place Real Estate Market based on the number of active listings, median sales price, and median days on market compared against the 5-Year averages.

Park Place Condo Sales Trend

In the past 6 months, 20 properties have sold in Park Place ranging from a 0-bed, 1-bath condo for $87,000 to a 3-bed, 2-bath condo for $295,000.

In October 2018, 3 condos sold in Park Place in the 22302 zip code with an average sold price of $200,500. Compared against the median sold prices last year in October 2017, prices are down 4.1% and against median sold prices last month in September 2018, prices are up 31.9%. It took an average of 0 on market for homes to sell. The average price per square foot for homes in Park Place was $212.

Statistic

Values

Year Over Year

Month Over Month

Total Sold Dollar Volume Statistic

$601,500

-12.8%

56.2%

Closed Sales Statistic

3

-25%

0%

Median Sold Price

$171,500

-4.1%

31.9%

Average Sold Price

$200,500

16.3%

56.2%

Median Days on Market

0

-100%

-100%

Average Days on Market

0

-100%

-100%

Median Price per Sq Foot

$217

2.4%

-5.2%

Average Price per Sq Foot

$212

-5.4%

-2.8%

How Much Is My Condo Worth in Park Place?

Use our free home value estimator to find out what your Park Place condo is worth currently and to see prices of recently sold homes in your neighborhood.


Historical Park Place Real Estate Market Trends

The chart below is the historical median sales price in Park Place for the last 10 years. Based on this information, there has been no appreciation over the last 10 years.



Park Place Condos for Sale

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Click Here for the Latest Park Place Condos for Sale



Park Place Schools

Alexandria County Public Schools near Park Place include: Charles Barrett Elementary School, Douglas MacArthur Elementary School, George Mason Elementary School, George Washington Middle School and T.C. Williams High School. For the Great School ratings, click on the school name. To look up the schools serving a specific address, go to the Alexandria County Public School boundary locator.

Peggy Yee – Top Park Place Realtor

Peggy Yee is a supervising broker at Frankly Realtors and was one of Northern Virginia Magazines Top Realtors in 2016. She has been quoted in the The Washington Post, Money Magazine, Consumer Reports, Around Reston Magazine, Zillow, Trulia and Realtor.com. Peggy is 100% committed to making your move the best experience possible! See what Peggy’s previous clients are saying. Click here for Seller Video Testimonials. Click here for Buyer Video Testimonials. Click here for Zillow Reviews.