From January through December of 2019, there were 1,436 homes sold, with a median sale price of $120,000 - a 7.1% increase over the $112,000 median sale price for the previous year. There were 1,601 homes sold in Parma in 2018.
The median sales tax in Parma for the most recent year with available data, 2016, was $2,835, approximately 2.4% of the median home sale price for 2019.
The following table compares Parma to other Cuyahoga County cities with similar median sales prices in 2019:
| City | Jan. - Dec. 2019 Home Sales | Jan. - Dec. 2018 Home Sales | % change (Total Home Sales) | Jan. - Dec. 2019 Median Sales Price | Jan. - Dec. 2018 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Richmond Heights | 173 | 167 | 3.6% | $139,000 | $129,900 | 7% |
| Mayfield Heights | 300 | 363 | -17.4% | $136,500 | $135,000 | 1.1% |
| Cuyahoga Heights | 3 | 15 | -80% | $136,000 | $115,000 | 18.3% |
| Brook Park | 292 | 338 | -13.6% | $125,950 | $123,000 | 2.4% |
| Parma Heights | 312 | 362 | -13.8% | $121,500 | $117,500 | 3.4% |
| Parma | 1,436 | 1,601 | -10.3% | $120,000 | $112,000 | 7.1% |
| Brooklyn | 156 | 150 | 4% | $109,950 | $96,000 | 14.5% |
| Bedford Heights | 124 | 129 | -3.9% | $105,000 | $105,000 | 0% |
| Cleveland Heights | 925 | 962 | -3.8% | $105,000 | $98,050 | 7.1% |
| South Euclid | 561 | 599 | -6.3% | $90,000 | $82,000 | 9.8% |
| Oakwood | 35 | 48 | -27.1% | $90,000 | $105,700 | -14.9% |
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