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In March 2020, there were 82 homes sold, with a median sale price of $125,000 - a 4.3% increase over the $119,900 median sale price for the same period of the previous year. There were 135 homes sold in Parma in March 2019.
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 March 2020.
The following table compares Parma to other Cuyahoga County cities with similar median sales prices in March 2020:
| City | Mar. 2020 Home Sales | Mar. 2019 Home Sales | % change (Total Home Sales) | Mar. 2020 Median Sales Price | Mar. 2019 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Lyndhurst | 23 | 29 | -20.7% | $138,000 | $124,250 | 11.1% |
| Berea | 18 | 30 | -40% | $137,716 | $143,500 | -4% |
| Olmsted Falls | 15 | 11 | 36.4% | $137,500 | $168,000 | -18.2% |
| Richmond Heights | 10 | 10 | 0% | $134,000 | $160,600 | -16.6% |
| Brook Park | 26 | 23 | 13% | $126,500 | $125,500 | 0.8% |
| Parma | 82 | 135 | -39.3% | $125,000 | $119,900 | 4.3% |
| Brooklyn | 4 | 15 | -73.3% | $119,735 | $107,000 | 11.9% |
| Parma Heights | 12 | 21 | -42.9% | $116,940 | $90,000 | 29.9% |
| Cleveland Heights | 61 | 74 | -17.6% | $95,000 | $102,250 | -7.1% |
| South Euclid | 28 | 54 | -48.1% | $91,750 | $78,250 | 17.3% |
| Bedford Heights | 9 | 11 | -18.2% | $80,000 | $105,000 | -23.8% |
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