Houses Sold in Park Place — What Buyers Paid
Browse newly sold homes in Park Place. View today's MLS® sold listings and homes sold in the last 30 days.
Homes sold in the last 30 days
2
Typical sale price
$422,500
Average time to sell
52 days
Whether you're looking for condos sold in Park Place, townhouse prices, or single-family homes — we have the MLS® sold data for every property type including duplexes, bungalows, and luxury properties.
Our Park Place sold data shows what buyers actually paid. Compare prices by property type, find your perfect comp, and understand the true market value of homes in this area.
Park Place Sold Data Overview
Over the past 2 years, 41 homes have sold in Park Place, Penhold, with a median sold price of $382K. Sale prices have ranged from $128K to $595K. The typical home sells in 22 days, showing a balanced market. Homes are selling at 98.5% of their list price — very close to asking price. Median property taxes in the area run approximately $3,307 annually. The most common property types sold include Detached Single Family (36), Lowrise Apartment (5).
Recently Sold in Park Place
2 homes sold in the last 30 days. Showing 2 of 2 • Updated May 26, 2026 at 9:28 AM
View all 43 on the map
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What's Happening in Park Place Real Estate
See how the market is performing — prices, how fast homes are selling, and whether buyers or sellers have the advantage.
$382,000
Avg: $363,554
Range: $127,500 – $595,000
98.5%
Homes selling near asking
32 days
$330
41 homes sold
Click a property type to view its trends in the chart below:
All Property Types
(click to filter chart)2-Year Market Trends: All Property Types
(21 months)Negotiation & Cost Insights
Sold Above Asking
10%
76% sold below
Median Property Tax
$3,307/yr
Avg: $3,137
Home Size Range
827 – 1,982
sq ft
Price Spread
±$107,775
standard deviation
41
Homes sold (last 2 years)
9
Currently for sale
4.5
Months of Inventory (MOI)
22.2%
Absorption Rate (30d)
7
New in May 2026
2 vs 0
Sold count (last 30 vs prior 30): 0.0%
Median price: $422,500 vs $0 (0.0%)
How does Park Place compare to Penhold?
Park Place typical sale price
$422,500
2 sold in last 30 days
Penhold typical sale price
$420,000
7 sold in last 30 days
Neighbourhood Guide: Park Place, Penhold
Neighbourhood Overview
Park Place is a vibrant, family-oriented residential neighbourhood in Penhold, Alberta, known for its country living feel and strong sense of community. The area attracts a diverse mix of young professionals, growing families, and retirees who appreciate the balance of small-town connection with convenient access to larger urban amenities. With 9 active listings on the market, it remains an appealing destination for those seeking quality homes in a welcoming setting.
Location
Situated in the town of Penhold, Park Place benefits from a highly accessible location just off Highway 2A and the QE II corridor. Residents enjoy a peaceful atmosphere while being only about a 10-minute drive from the larger city of Red Deer, making it an ideal spot for commuters. The community is well-connected to major routes, allowing for easy travel throughout Central Alberta.
Housing Character
The housing landscape in Park Place is defined by its abundance of mid-range, single-family detached homes. Properties here typically feature quality construction on larger lots compared to nearby urban centres, providing excellent privacy and space. Currently, homes in the area see an average sold price of $363,554, with properties typically spending 32 days on the market. Options range from established houses with mature landscaping to newer builds, catering to a variety of lifestyle needs.
Schools & Education
Families in Park Place are served by the Chinook's Edge School Division, which offers comprehensive Pre-K to Grade 12 education within Penhold. A major educational hub for the community is the recently opened Penhold Waskasoo Middle School for Grades 4 through 8, which features a modern campus and a brand new, fully inclusive, wheelchair-accessible playground. The strong local school system makes the neighbourhood highly desirable for families.
Transit & Access
Transportation in and around Park Place is primarily car-dependent, though the community's layout encourages walking and biking for local trips. The proximity to Highway 2A and the Queen Elizabeth II Highway ensures straightforward commutes to Red Deer, Innisfail, and other regional destinations. While dedicated public transit within the neighbourhood is limited, the strategic highway access makes regional connectivity seamless.
Shopping & Dining
Residents of Park Place have convenient access to Penhold's growing commercial sector, which provides a variety of everyday essentials. Local amenities include grocery stores, pharmacies, coffee shops, hardware stores, and casual dining options just minutes away. For more extensive retail therapy and dining, larger shopping centres and entertainment districts in nearby Red Deer are easily accessible.
Parks & Recreation
Recreation is a cornerstone of life in Park Place, highlighted by the nearby Penhold Regional Multiplex. This expansive facility offers an indoor walking track, fitness centre, arena, gymnasium, and a public library. The multiplex grounds also host an RV park, a pump track, a skate park, soccer pitches, and ball diamonds. The neighbourhood itself features an abundance of green spaces, walking trails, and splash parks that support an active, outdoor lifestyle.
Lifestyle & Community
Life in Park Place offers a relaxed, rural charm without sacrificing modern conveniences. The neighbourhood fosters a close-knit, family-friendly environment where community events and outdoor activities are part of daily life. Homeowners can expect a stable market, reflected in a sale-to-list ratio of 98.5%, and a lifestyle that perfectly blends peaceful residential living with active community engagement.
Explore nearby neighbourhoods
Compare nearby sold markets around Park Place.
More neighbourhoods in Penhold
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Explore houses for sale in Park Place
9 active MLS® listings · $419,900 median. See what's on the market today.
Frequently Asked Questions
Website provided by Kelly Grant
Data is supplied by Pillar 9™ MLS® System. Pillar 9™ is the owner of the copyright in its MLS® System. Data is deemed reliable but is not guaranteed accurate by Pillar 9™. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. Used under license.
Mortgage values are calculated by hômm and are provided for estimate purposes only.
The hômm Estimate is calculated by instantestimate.house and is provided as a general estimate only.
Trademarks are owned or controlled by the Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA (REALTOR®, REALTORS®) and/or the quality of services they provide (MLS®, Multiple Listing Service®).
Listing information last updated on May 26, 2026 at 1:00 pm (America/Edmonton)
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