In July 2019, there were 120 homes sold, with a median sale price of $125,000 - a 7.1% increase over the $116,750 median sale price for the same period of the previous year. There were 176 homes sold in Parma in July 2018.
The median sales tax in Parma for the most recent year with available data, 2016, was $2,835, approximately 2.3% of the median home sale price for July 2019.
The following table compares Parma to other Cuyahoga County cities with similar median sales prices in July 2019:
| City | July 2019 Home Sales | July 2018 Home Sales | % change (Total Home Sales) | July 2019 Median Sales Price | July 2018 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Mayfield Heights | 31 | 36 | -13.9% | $144,000 | $148,700 | -3.2% |
| Middleburg Heights | 26 | 24 | 8.3% | $139,000 | $132,450 | 4.9% |
| Olmsted Falls | 27 | 14 | 92.9% | $135,000 | $194,950 | -30.8% |
| Brook Park | 23 | 36 | -36.1% | $132,400 | $119,950 | 10.4% |
| Parma Heights | 35 | 38 | -7.9% | $126,000 | $126,100 | -0.1% |
| Parma | 120 | 176 | -31.8% | $125,000 | $116,750 | 7.1% |
| Brooklyn | 21 | 9 | 133.3% | $120,000 | $104,900 | 14.4% |
| Cleveland Heights | 75 | 78 | -3.8% | $120,000 | $95,000 | 26.3% |
| Richmond Heights | 10 | 20 | -50% | $119,000 | $130,000 | -8.5% |
| South Euclid | 51 | 67 | -23.9% | $98,000 | $85,000 | 15.3% |
| North Randall | 1 | 0 | - | $91,500 | $0 | - |
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