From January through December of 2017, there were 1,654 homes sold, with a median sale price of $100,000 - a 9.6% increase over the $91,200 median sale price for the previous year. There were 1,122 homes sold in Parma in 2016.
The median sales tax in Parma for the most recent year with available data, 2016, was $2,835, approximately 2.8% of the median home sale price for 2017.
The following table compares Parma to other Cuyahoga County cities with similar median sales prices in 2017:
| City | Jan. - Dec. 2017 Home Sales | Jan. - Dec. 2016 Home Sales | % change (Total Home Sales) | Jan. - Dec. 2017 Median Sales Price | Jan. - Dec. 2016 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Lyndhurst | 421 | 256 | 64.5% | $124,400 | $119,250 | 4.3% |
| Berea | 333 | 239 | 39.3% | $116,000 | $110,000 | 5.5% |
| Brook Park | 306 | 251 | 21.9% | $110,000 | $104,000 | 5.8% |
| Parma Heights | 381 | 237 | 60.8% | $109,900 | $95,000 | 15.7% |
| Oakwood | 44 | 32 | 37.5% | $109,500 | $125,500 | -12.7% |
| Parma | 1,654 | 1,122 | 47.4% | $100,000 | $91,200 | 9.6% |
| Cleveland Heights | 997 | 700 | 42.4% | $92,000 | $79,900 | 15.1% |
| Woodmere | 1 | 2 | -50% | $91,108 | $135,250 | -32.6% |
| Brooklyn | 192 | 107 | 79.4% | $90,000 | $85,500 | 5.3% |
| South Euclid | 638 | 412 | 54.9% | $78,250 | $70,000 | 11.8% |
| Bedford Heights | 117 | 63 | 85.7% | $77,500 | $60,000 | 29.2% |
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