From January through December of 2018, there were 1,601 homes sold, with a median sale price of $112,000 - a 12% increase over the $100,000 median sale price for the previous year. There were 1,654 homes sold in Parma in 2017.
The median sales tax in Parma for the most recent year with available data, 2016, was $2,835, approximately 2.5% of the median home sale price for 2018.
The following table compares Parma to other Cuyahoga County cities with similar median sales prices in 2018:
| City | Jan. - Dec. 2018 Home Sales | Jan. - Dec. 2017 Home Sales | % change (Total Home Sales) | Jan. - Dec. 2018 Median Sales Price | Jan. - Dec. 2017 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Berea | 326 | 333 | -2.1% | $131,500 | $116,000 | 13.4% |
| Richmond Heights | 167 | 170 | -1.8% | $129,900 | $126,375 | 2.8% |
| Brook Park | 338 | 306 | 10.5% | $123,000 | $110,000 | 11.8% |
| Parma Heights | 362 | 381 | -5% | $117,500 | $109,900 | 6.9% |
| Cuyahoga Heights | 15 | 9 | 66.7% | $115,000 | $135,000 | -14.8% |
| Parma | 1,601 | 1,654 | -3.2% | $112,000 | $100,000 | 12% |
| Oakwood | 48 | 44 | 9.1% | $105,700 | $109,500 | -3.5% |
| Bedford Heights | 129 | 117 | 10.3% | $105,000 | $77,500 | 35.5% |
| Cleveland Heights | 962 | 997 | -3.5% | $98,050 | $92,000 | 6.6% |
| Brooklyn | 150 | 192 | -21.9% | $96,000 | $90,000 | 6.7% |
| South Euclid | 599 | 638 | -6.1% | $82,000 | $78,250 | 4.8% |
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