From July through September of 2018, there were 459 homes sold, with a median sale price of $114,400 - a 6.9% increase over the $107,000 median sale price for the same period of the previous year. There were 445 homes sold in Parma in the third quarter of 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 the third quarter of 2018.
The following table compares Parma to other Cuyahoga County cities with similar median sales prices in the third quarter of 2018:
| City | July - Sept. 2018 Home Sales | July - Sept. 2017 Home Sales | % change (Total Home Sales) | July - Sept. 2018 Median Sales Price | July - Sept. 2017 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Berea | 97 | 96 | 1% | $137,000 | $119,500 | 14.6% |
| Lyndhurst | 139 | 111 | 25.2% | $135,000 | $125,000 | 8% |
| Richmond Heights | 41 | 48 | -14.6% | $130,000 | $125,250 | 3.8% |
| Brook Park | 104 | 88 | 18.2% | $125,000 | $121,050 | 3.3% |
| Parma Heights | 113 | 119 | -5% | $120,000 | $114,900 | 4.4% |
| Parma | 459 | 445 | 3.1% | $114,400 | $107,000 | 6.9% |
| Bedford Heights | 29 | 33 | -12.1% | $114,000 | $92,100 | 23.8% |
| Brooklyn | 41 | 52 | -21.2% | $107,000 | $92,050 | 16.2% |
| Cleveland Heights | 256 | 272 | -5.9% | $100,000 | $92,250 | 8.4% |
| Cuyahoga Heights | 2 | 2 | 0% | $92,500 | $167,500 | -44.8% |
| South Euclid | 163 | 190 | -14.2% | $85,500 | $85,000 | 0.6% |
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