416 Park Place asks $60,000 below what similar Petaluma condos have been selling for

Among three comparable condos and townhomes currently listed in Petaluma, 416 Park Place ranks second by price — but its $458-per-square-foot ask lands almost exactly at the median per-square-foot of those three active listings ($454). At $535,000, it sits $60,000 below the median recorded sale price of $595,000 for seven similar condos and townhomes sold within two miles in the last 12 months.

The record

How it compares with homes like it

The peer rule here: same type (condos and townhomes), within one bedroom, size within 25%, within two miles, sold in the last 12 months. Seven sales qualify.

Among those seven, the median sale price was $595,000 and the median price per square foot was $464. The subject's $458 per square foot is just below that median. What pulls the list price down relative to peers is straightforward: size and lot. At 1,169 square feet on a 1,138-square-foot lot, this is among the smaller units in the comparison set. Five of the seven peer sales were three-bedroom units; the two two-bedroom comps — 2 Rain Tree Court (972 sq ft, $500,000) and 1403 Marylyn Circle (1,344 sq ft, $550,000) — bracket it in size but both sold at higher per-square-foot figures ($514 and $409, respectively).

The closest peer sale is 813 Chardonnay Circle, 0.75 miles away: a three-bedroom, 1,333-square-foot unit that recorded at $619,000 ($464/sq ft) in March 2026.

Among active listings, the cheapest comparable is 107 Acorn Drive at $499,500 (2 beds, 1,028 sq ft, $486/sq ft). The subject is larger than that unit but priced $35,500 higher. At the other end, 1725 Drake Court asks $639,000 for 1,447 square feet — more space for more money. The subject's price-per-square-foot of $458 is the middle figure of the three active listings.

The discount to the whole-market median active list price is 39.5 percent, but that comparison crosses property types and is noted here only for context — the like-for-like peer read is what matters.

Comparable sales

All seven sales carry estimated recording dates (month only). The range across the seven is wide — $500,000 to $910,000 — with 531 E Washington Street pulling the high end up considerably; strip that outlier and the remaining six cluster between $500,000 and $635,000.

Condos and townhomes across Petaluma

There are 10 condos and townhomes actively listed in Petaluma right now, with a median asking price of $592,000. Recorded sales data for this type over the last 180 days is thin: two sales, with a median recorded price of $712,500 and a median of $478 per square foot. The small sales count means those figures carry limited weight on their own.

How the Petaluma market is doing

The broader Petaluma market — all property types — shows 62 active listings with a median active list price of $885,000. The market context data does not include recent closed-sale figures for the full market in this analysis period, so no price-change or volume comparison is available here.

What it would cost a month

At the list price, using the national 30-year average rate of 7.03% for the week of September 24, 2026, the principal and interest payment works out as follows. This figure covers principal and interest only — taxes, insurance, and any HOA dues are separate.

Two you could write an offer on today

The following properties are not listed for sale. They are nearby units with the same floor plan and vintage as the subject.

• 420 Park Place Dr — 2 bed, 2 bath, 1,169 sq ft, built 1989, 0.01 miles away. No recorded sale on file.
• 414 Park Place Dr — 2 bed, 2 bath, 1,169 sq ft, built 1989, 0.01 miles away. No recorded sale on file.

Every home in this market has a page on this site. An owner does not need to have their property listed for an agent to bring them a written offer — the agent presents the offer, and neither side is committed to anything until both parties have agreed to terms in a signed contract. Read how an offer works before reaching out.

Jake Taylor · CA DRE #02070119
[email protected] · (707) 630-1001