In May 2019, there were 181 homes sold, with a median sale price of $126,500 - a 10% increase over the $115,050 median sale price for the same period of the previous year. There were 162 homes sold in Parma in May 2018.
The median sales tax in Parma for the most recent year with available data, 2016, was $2,835, approximately 2.2% of the median home sale price for May 2019.
The following table compares Parma to other Cuyahoga County cities with similar median sales prices in May 2019:
| City | May 2019 Home Sales | May 2018 Home Sales | % change (Total Home Sales) | May 2019 Median Sales Price | May 2018 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Brook Park | 28 | 37 | -24.3% | $140,000 | $127,000 | 10.2% |
| Oakwood | 1 | 3 | -66.7% | $139,900 | $129,900 | 7.7% |
| Lyndhurst | 50 | 59 | -15.3% | $138,500 | $133,500 | 3.7% |
| Parma Heights | 32 | 35 | -8.6% | $137,333.50 | $121,000 | 13.5% |
| Bedford Heights | 16 | 18 | -11.1% | $127,500 | $114,750 | 11.1% |
| Parma | 181 | 162 | 11.7% | $126,500 | $115,050 | 10% |
| Cleveland Heights | 126 | 116 | 8.6% | $126,500 | $113,000 | 11.9% |
| Brooklyn | 21 | 7 | 200% | $107,900 | $94,000 | 14.8% |
| South Euclid | 64 | 62 | 3.2% | $92,500 | $78,250 | 18.2% |
| Euclid | 75 | 106 | -29.2% | $73,500 | $60,300 | 21.9% |
| Bedford | 18 | 25 | -28% | $72,200 | $69,900 | 3.3% |
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