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Park Place Housing Market Report June 2025•Mobile County, Alabama

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Housing Prices in Park Place, AL

How much do homes in Park Place, AL cost?

Housing Market Conditions

Is Park Place, AL a buyer’s or seller’s market?

Housing Market Conditions

This is the supply and demand for houses in an area based on home prices and trends.

Buyer’s Market

A buyer’s market occurs when the number of available properties for sale exceeds the number of buyers looking to purchase. In a buyer’s market, the supply exceeds the demand.

Neutral Market

A neutral market occurs when the number of buyers looking to purchase properties meets the number of available properties for sale. In a balanced market, there are enough homes to meet the demand.

Seller’s Market

A seller’s market occurs when there are more buyers looking to purchase properties than there are available homes on the market. In a seller’s market, the demand exceeds the supply.

Seller'sMarket

Buyer'sMarket

Park Place is a Neutral Market

Difference Since June 2024

At the same time last year, Park Place was a Seller's Market.

Insight

Park Place is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Median Sold Price

Median Sold Price
This is the middle price for which all homes in the area were sold. Half of all the homes sold were below this price, and half were above.
$330,000$165/SqFt
+$115,000
+53.5%

Based on all homes sold in the last 12 months

Insight

Homes in Park Place have sold for 53.5% more than they did a year ago.

Summary: The median home sold price in Park Place was $330,000 in June 2025, up 53.5% from last year, and the median price per square foot was $165.

Median Sold Price By Bedrooms

Median Sold Price By Bedrooms
This is the middle price for all homes actively listed in an area broken out by the number of bedrooms. Half of the homes are listed below this price, and half are above.
BedsJun 2024Jun 2025Change YoY
1$142.5K$113.9K
-20.0%
2$160K$207.5K
+29.7%
3$253K$305.2K
+20.7%
4$420K$367K
-12.6%
5-$650K
N/A

Summary: Park Place housing price by bedroom type for June 2025, compared to the previous year. The home price for 1 bedroom homes decreased by -20.0%. The home price for 2 bedroom homes increased by +29.7%. The home price for 3 bedroom homes increased by +20.7%. The home price for 4 bedroom homes decreased by -12.6%. The home price for 5 bedroom homes did not change.

How does Park Place, AL compare with other places?

Market comparison tool

Data and numbers shown are subject to change and may vary based on different timeframes.

Park Place, AL

Housing supply in Park Place, AL

How many homes are available in Park Place, AL?

Number of Homes For Sale

Number of Homes For Sale
This is the total number of homes actively listed in an area.
Last Month2 months agoChange MoM
18Last MonthJun 2025
122 months agoMay 2025
+50.0 %
Change MoMMay – Jun

Summary: The Park Place real estate market had 18 homes for sale in Jun 2025, a 50.0 % increase compared to May 2025.

Number of Homes Sold

Number of Homes Sold
This is the total number of both homes sold and pending in an area.
Last Month2 months agoChange MoM
3Last MonthJun 2025
02 months agoMay 2025
+100.0 %
Change MoMMay – Jun

Homes For Sale By Bedroom Count

Homes For Sale By Bedroom Count
This is the total number of homes actively listed in an area by number of bedrooms.
BedsMay 2025Jun 2025Change MoM
144
0.0%
223
+50.0%
327
+250.0%
422
0.0%
522
0.0%

Summary: Park Place housing inventory by bedroom type for June 2025, compared to the previous month. The inventory for 1 bedroom homes remained the same. The inventory for 2 bedroom homes increased by +50.0%. The inventory for 3 bedroom homes increased by +250.0%. The inventory for 4 bedroom homes remained the same. The inventory for 5 bedroom homes remained the same.

Asking Price vs. Sold Price

How much do homes in Park Place, AL cost?

Asking Price vs. Sold Price

The asking price is how much a home is listed for. The selling price is how much the home actually sold for.

Under Asking

Homes that sold for less than the asking price

At Asking

Homes that sold at their asking price

Over Asking

Homes that sold above the asking price

Over Asking Price0 Home

At Asking Price2 Homes

Under Asking Price1 Home

Insight

If you're buying a home in Park Place, expect to pay close to the asking price. 66.7% of homes here sold near the asking price last month.

Summary: A total of 3 homes were sold or pending in Park Place in June 2025, up by 100.0% month-over-month. Of the 3 sold homes, 33% were sold under asking, 67% were sold at asking, and 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.

Home sale times aren’t available for this area.

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Newest Listings in Park Place, AL

What homes are available in Park Place, AL?

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MLS Disclaimers and Copyright

Based on information from Gulf Coast Multiple Listing Service, and Baldwin County MLS Inc. for the period 07/01/2023 - 07/01/2025

Information is provided by Gulf Coast Multiple Listing Service, Inc. Information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Listing(s) 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. Copyright © 2025 Gulf Coast Multiple Listing Service, Inc. All rights reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 7/31/2025, 8:45:29 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
IDX Listing information Copyright © 2025 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.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 7/31/2025, 8:45:29 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.