Neighborhood
ParkwoodYpsilanti, Michigan
Parkwood is a residential neighborhood in Ypsilanti Twp, located in the Ypsilanti, Michigan area of Washtenaw County. The housing stock consists primarily of single-family properties built between 1111 and 9999. The average home is 1,221 square feet with 3 bedrooms. Based on sales over the past 12 months, the median sale price in Parkwood is $227,450, with closed prices ranging from $137,000 to $270,000. That works out to a median of $137 per square foot. The Parkwood real estate market currently has 4 active listings and 1 pending, with asking prices from $189,000 to $247,900. 10 homes have sold in Parkwood over the past year against 5 current listings, yielding 4.8 months of inventory and balanced market conditions. Homes sell in an average of 48 days on market. With 10 recorded sales in the past year, homeowners selling a home in Parkwood have strong comparable data to inform their listing strategy.
Parkwood Ypsilanti
Parkwood is a residential neighborhood in Ypsilanti with roughly 111 homes. The housing stock dates from approximately 1900 through 2016, with much of the neighborhood built in the early-to-mid 20th century. Homes range from around 750 to just over 2,100 square feet on lots up to nearly an acre — generous by Ypsilanti standards.¹
Homes for Sale in Parkwood
There are currently 2 active listings in Parkwood. Homes here average about six weeks to contract.¹
Parkwood Home Prices
Nineteen homes have sold over the past two years at a median of $192,625 — roughly $161 per square foot. Good comp data for a neighborhood of this size. The price point makes Parkwood one of the more affordable options in Ypsilanti while still offering decent lot sizes and proximity to the city core.¹
Parkwood School District
The neighborhood is served by Ypsilanti Community Schools.²
FAQ
Q: How much do homes cost in Parkwood Ypsilanti?
A: The median sale price in Parkwood is $192,625 based on 19 sales over the past 24 months, at approximately $161 per square foot.¹
¹ SparkMLS, 24-month lookback from April 2026 ² Michigan Department of Education school district boundaries
Residential Overview
4Active Listings
$227,450Median Sale Price (past 12mo)
48daysAvg Days on Market
$137Price per Sqft
10Sold (past 12mo)
4.8moBalanced Market
2666Avg Year Built
1,221 sqftAvg Size
3.3Avg Beds
1.6Avg Baths
8,712 sqftAvg Lot
87%Garage
Homes for Sale(4)
Under Contract
1/19
$247,900
1530 Ecorse Road, Ypsilanti, MI 48198
4 bd2 ba1,845 sqft0.19 ac
FHA
Single Family
For Sale
1/28
$204,000
431 Hayes Street, Ypsilanti, MI 48198
3 bd1 ba840 sqft0.16 ac
FHA
Single Family
For Sale
1/2
$200,000
270 Ohio Street, Ypsilanti, MI 48198
5 bd2 ba1,592 sqft0.13 ac
FHA
Single Family
For Sale
1/42
$189,000
658 Kansas Avenue, Ypsilanti, MI 48198
3 bd1 ba960 sqft0.15 ac
Single Family
Commercial(5)
Land(3)
Market Analytics
Recently Sold Residential (50)
Property Records
Per FEMA, the Parkwood area falls within Zone X — minimal flood hazard — where flood insurance is not mandatory. Flood zone boundaries are subject to change by FEMA map revision. Verify current status at FEMA Map Service Center before making purchasing decisions.
Frequently Asked Questions about Parkwood
How much do homes cost in Parkwood?
The median sale price in Parkwood over the past 12 months is $227,450, based on 10 closed sales. Sale prices have ranged from $137,000 to $270,000. That works out to roughly $137 per square foot.
How many homes are for sale in Parkwood?
Parkwood currently has 4 homes listed for sale. Asking prices range from $189,000 to $247,900. 1 additional listing is pending or under contract.
What is the housing stock like in Parkwood?
Parkwood consists primarily of single family residence properties built between 1111 and 9999. The average home size is 1,221 square feet. Homes typically have 3 bedrooms.
How long do homes stay on the market in Parkwood?
Homes in Parkwood sell in an average of 48 days, based on 10 sales over the past 12 months.
What are market conditions like in Parkwood?
With 4.8 months of inventory, Parkwood is currently a balanced market. This is based on 4 active listings and 10 sales in the past 12 months.
How big are lots in Parkwood?
Properties in Parkwood average 8,712 sqft of land.
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