From January through March of 2019, there were 322 homes sold, with a median sale price of $114,450 - a 13.3% increase over the $101,000 median sale price for the same period of the previous year. There were 308 homes sold in Parma in the first quarter of 2018.
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 the first quarter of 2019.
The following table compares Parma to other Cuyahoga County cities with similar median sales prices in the first quarter of 2019:
| City | Jan. - Mar. 2019 Home Sales | Jan. - Mar. 2018 Home Sales | % change (Total Home Sales) | Jan. - Mar. 2019 Median Sales Price | Jan. - Mar. 2018 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| University Heights | 45 | 63 | -28.6% | $127,000 | $122,000 | 4.1% |
| Mayfield Heights | 55 | 63 | -12.7% | $126,000 | $133,000 | -5.3% |
| Lyndhurst | 72 | 82 | -12.2% | $123,625 | $122,875 | 0.6% |
| Brook Park | 65 | 50 | 30% | $119,000 | $106,000 | 12.3% |
| Richmond Heights | 45 | 29 | 55.2% | $115,692 | $128,000 | -9.6% |
| Parma | 322 | 308 | 4.5% | $114,450 | $101,000 | 13.3% |
| Parma Heights | 66 | 64 | 3.1% | $110,000 | $110,750 | -0.7% |
| Bedford Heights | 33 | 33 | 0% | $105,000 | $91,000 | 15.4% |
| Brooklyn | 33 | 28 | 17.9% | $98,500 | $88,500 | 11.3% |
| Cleveland Heights | 225 | 162 | 38.9% | $94,600 | $74,500 | 27% |
| North Randall | 1 | 3 | -66.7% | $80,000 | $39,900 | 100.5% |
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