Why Live in Park Place
Park Place is an urban residential neighborhood located 2 miles north of downtown Norfolk, known for its historic 20th-century architecture and inclusion in the US National Register of Historic Places since 2006. The neighborhood features narrow streets with sidewalks, streetlights, and mature trees, lined with closely spaced Queen Anne, Victorian, and Colonial homes on deep lots. These homes, characterized by wide front porches and shallow front lawns, typically sell within a month. Park Place offers numerous recreational opportunities, including the Park Place Multi-Services Center, which provides indoor and outdoor facilities like basketball courts, soccer fields, and playgrounds. Munson Park, less than a quarter mile away, is a popular spot with award-winning renovations, including a ropes-based play course and accessible swings. The Virginia Zoo and Lafayette Park, both nearby, offer additional attractions such as picnic shelters, sports courts, and a kayak launch.
The neighborhood is served by Norfolk City Public Schools, with James Monroe Elementary, Blair Middle School, and the highly rated Maury High School. Old Dominion University is also just 1 mile northeast. For shopping, residents can visit Colley Village or head downtown to the Waterside District and MacArthur Center. Dining options include the popular Handsome Biscuit and Jikoni Cafe. While the proximity to Norfolk Southern Lambert's Point Yard may contribute to some ambient noise, Park Place remains a vibrant community with a variety of things to do.
Home Trends in Park Place, VA
On average, homes in Park Place, Norfolk sell after 41 days on the market compared to the national average of 51 days. The median sale price for homes in Park Place, Norfolk over the last 12 months is $300,000, down 2% from the median home sale price over the previous 12 months.
Median Sale Price
$300,000
Median Single Family Sale Price
$305,000
Median Townhouse Sale Price
$305,000
Median 2 Bedroom Sale Price
$170,000
Average Price Per Sq Ft
$171
Number of Homes for Sale
24
Last 12 months Home Sales
69
Median List Price
$302,500
Median Change From 1st List Price
0%
Median Home Sale Price YoY Change
-2%