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Featured local agent — Parkland, WA
Sarah Mitchell
Compass Real Estate · Parkland, WA
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Parkland, WA Housing Market & Real Estate
Housing market overview · Updated monthly ·
$470,000median sale price
How is the Parkland, WA housing market right now?
The median home sale price in Parkland, WA is $470,000, up 4.4% year-over-year. Homes sell in an average of 8 days with 86 active listings. The market is currently a strong seller's market. (Source: Redfin monthly MLS data, as of May 2026 — the most recent Redfin release; Redfin publishes each month's data on a ~6-week lag.)
Is Parkland a buyer's or seller's market?
Parkland, WA is currently a strong seller's market, based on 2.3 months of supply and homes selling in about 8 days. How we determine this →
Homes sold
38
Last 12 weeks
Days on market
8
Fast-moving
Active listings
86
2.3 months supply
Sale-to-list
100.1%
Above asking
What does the Parkland housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $470,000 |
| Median list price | $475,000 |
| Year-over-year price change | +4.4% |
| Average days on market | 8 days |
| Active inventory | 86 listings |
| Months of supply | 2.3 months |
| Sale-to-list price ratio | 100.1% |
| Median price per sq ft | $297/sq ft |
| Homes sold (latest month) | 38 |
| New listings (latest month) | 49 |
| Listings with a price cut | 36.0% |
| Market condition | Strong seller's market |
Source: Redfin · Updated monthly
How much do homes cost in Parkland by property type?
How the Parkland, WA market breaks down across single-family homes, condos, and townhouses.
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $475,000 | $296/sq ft | 31 | 7 days |
| Condo / Co-op | $410,000 | $361/sq ft | 1 | 4 days |
| Townhouse | $366,500 | $300/sq ft | 2 | 42 days |
Source: Redfin · Updated monthly
The Parkland housing market is currently classified as a strong seller's market with a median sale price of $470,000. Prices have risen 4.4% compared to last year, with homes spending an average of 8 days on market, indicating 2.3 months of inventory.With limited inventory, homes sell quickly and buyers should be prepared to act decisively and competitively to secure a property.The price-to-income ratio of 6.6x provides context for how home values compare to local earning capacity.
Homes for sale in Parkland
There are currently 86 homes listed for sale in Parkland, Washington. The median listing price is $475K.
Active listings
86
Homes on market
Median list price
$475K
Avg. days on market
8
Days until sale
New this week
49
Newly listed
Who lives in Parkland?
Population
39,174
Median income
$71,829/yr
Median age
33.8 years
Owner-occupied
53.5%
College grads
17.1%
Avg commute
30.4 min
Source: U.S. Census Bureau ACS
What are homes worth in Parkland?
Zillow home value
$473,733
Zillow rent index
$1,730/mo
Price-to-rent ratio
22.8x
Price-to-income
6.6x
Source: Zillow Research
What is it like to live in Parkland?
Parkland is a community of approximately 39K residents with a median age of 33.8 years.The median household income is $71,829, which represents a working-class community with solid middle-income opportunities. 17.1% of residents hold a bachelor's degree or higher, showing a mixed educational demographic.
Homeownership rates are at 53.5%, showing a blend of owner and renter-occupied properties. The average commute time is 30.4 minutes, which suggests a more suburban or rural location for those willing to commute longer distances.Overall, Parkland offers a balanced lifestyle with accessible home values relative to local income levels.
Which cities are near Parkland, WA?
Want a head-to-head view? Compare Parkland side-by-side with any other U.S. city using our market-comparison tool.
Is Parkland a good real estate investment market?
For investors evaluating Parkland, the price-to-rent ratio of 22.8x indicates higher purchase prices relative to rental income, typical of appreciation-focused markets. The market has appreciated 4.4% year-over-year, reflecting ongoing demand and value growth.Use our rent vs. buy calculator to analyze whether owning or renting makes more financial sense based on Parkland's current market conditions and your specific situation. Estimate your monthly payment with the mortgage calculator using Parkland's median home price.
Frequently asked questions
What is the average home price in Parkland?
The median home sale price in Parkland is $470,000, up 4.4% from last year.
How long do homes stay on market in Parkland?
Homes typically spend 8 days on market before going under contract.
What is the median income in Parkland?
The median household income is $71,829 per year.
Is Parkland a buyer's or seller's market?
With 2.3 months of supply, Parkland is currently a strong seller's market.
What is the Zillow home value estimate for Parkland?
The Zillow Home Value Index (ZHVI) for Parkland is $473,733, representing the typical home value in the area.
What is the median condo price in Parkland?
The median condo/co-op sale price in Parkland, WA is $410,000, compared to $475,000 for a single-family home, based on the latest Redfin data.
How much does a single-family home cost in Parkland?
The median single-family home price in Parkland, WA is $475,000 (about $296 per square foot).
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