33 homes sold in Parchment in the last year, at a typical $225K
Almost every sale is a house. Below: what each kind of home sells for, what your budget buys, the best months to buy, how hard you’ll have to bid, and a shortcut to every site where Parchment homes are listed.
Every place Parchment homes are listed, in one stop
We don’t copy listings: the agents’ sites have the photos and the latest price changes. Set what you want once and we open each site already filtered to Parchment.
For sale
Rent
New, land & open houses
Links open the listing sites; TownRatings isn’t paid for them and doesn’t rank one above another. Rentals and government-owned homes come from sources outside the MLS.
Houses are 94% of Parchment’s sales, at a typical $230K
33 homes sold in the year to May 2026.
typical sale · 31 sold in 12 months
- Per square foot
- $160MI $172
- Days to sell
- 475
- Sold over asking
- 26%
- Listings with a price cut
- 57%
Condos: 2 sold, typical $184K
Too few sales in 12 months for reliable figures.
About as many homes sell as usual, at twice the 2016 price
33 sales in the last year, against 44 in 2017 and a low of 23 in 2022. The typical sale went from $106K in 2016 to $225K.
Source: Redfin Data Center, MLS sales. Typical price and $/sq ft are the monthly medians, weighted by sales.
What $200K buys in Parchment
Check a listing against what Parchment homes sold for
Against the town’s median price per square foot over the last 12 months. A rough check: condition, lot and location within town move a price more than this can see.
Bidding wars in Parchment are rarer than before the pandemic, and more homes are for sale
We read every month of Parchment’s home sales since 2013 so you don’t have to. Each figure covers 12 months, because a single month in a town is too few sales to mean much. Latest: the year to May 2026, 33 sales.
If you’re buying in Parchment
- Shop in October. It brings about 4 new listings a month, close to the busiest month, with fewer bidding wars (29% over asking).
- You can negotiate. 58% of listings have cut their price, against 39% before the pandemic.
- Bid near asking. Buyers paid 98.4% of the list price on average; 24% paid over.
- Move fast on good ones. 54% of homes are under contract within two weeks.
Summer brings both the most homes and the most bidding wars
August has the most new listings (about 4 a month), but July is the most competitive: 59% of July sales close over asking. October offers nearly as much choice with fewer homes bid up (29%). January has the least competition (14%) but only about 2 new listings.
Averages for each calendar month, 2015 on.
Calmer than the 2021 frenzy, and calmer than Michigan
| Parchment now | 2017–19 | 2021 peak | MI now | |
|---|---|---|---|---|
| Sold over askingShare of sales that closed above the list price | 24% | 35% | 57% | 31% |
| Gone within two weeksShare of homes under contract within 14 days | 54% | 27% | 47% | 43% |
| Listings with a price cutShare of homes for sale that cut their price | 58% | 39% | 75% | 28% |
| Price paid vs. askingAverage sale price ÷ list price | 98.4% | 99.2% | 101.6% | 98.4% |
| Days to sellMedian days from listing to contract | 447 | 39 | 24 | 33 |
5 homes for sale on a typical day
That’s 3.6 times the 2022 low (1), 16% more than in 2017–19 and well under 2015’s 12.
1 in 2 listings has cut its price
58% in the last year, against 39% in 2017–19 and 28% across Michigan. More sellers are pricing high and coming down.
Source: Redfin Data Center, city market tracker, January 2013 to May 2026 (MLS sales, not seasonally adjusted). Ratios are weighted by homes sold; price cuts by homes for sale.
Owning the typical Parchment home costs about $1,488 a month
Price: Parchment’s typical sale, last 12 months. Property tax at Parchment’s 1.7% (median bill ÷ median value, Census ACS); insurance at 0.35% of price a year. Before PMI, HOA dues, upkeep and the tax deduction. Whether Parchment is affordable on local pay is on Cost of living.
Six things worth knowing
New listings in August
The month with the most choice. February has the fewest, about 2.
Best time to buyProperty tax, a year
Of a home’s value: the median bill over the median home value. On a $225K home, about $3,770 a year.
Taxes vs. neighborsSchools
The schools grade for Parchment, from test results, graduation and how much students grow.
Schools in ParchmentTypical commute
The average one-way trip to work for people who live in Parchment.
Work & commuteCheck the flood map
Flood insurance isn’t in a standard policy, and lenders require it in FEMA flood zones. Check the address before you make an offer.
Natural hazardsLook up any property
Assessed value, lot size and every past sale of a home you’re eyeing are public, at the town or county assessor and the registry of deeds.
Eastwood and Kalamazoo sell for less a square foot; South Gull Lake for far more
The busier markets within 25 miles of Parchment, by what sold. Prices, taxes and how far a paycheck goes next door are on Cost of living.
| Sold | Typical sale | $/sq ft | Over asking | Days to sell | |
|---|---|---|---|---|---|
| Kalamazoo | 724 | $200K | $149 | 28% | 20 |
| Portage | 675 | $317K | $174 | 23% | 15 |
| Westwood | 133 | $239K | $169 | 41% | 17 |
| Eastwood | 95 | $171K | $152 | 26% | 21 |
| Comstock Northwest | 59 | $278K | $166 | 29% | 28 |
| Parchment | 33 | $225K | $157 | 24% | 447 |
| South Gull Lake | 20 | $707K | $360 | 15% | 797 |
Redfin Data Center, June 2025 to May 2026. Towns with fewer than 20 sales are left out, and Redfin doesn’t report every town separately.
Post your home to Parchment, free
Selling it yourself, renting out an apartment or looking for a roommate? Post it to Parchment. People who follow the town see it, and so do people comparing Parchment with their own town. No commission, no listing fee.
Questions about buying a home in Parchment
What do homes sell for in Parchment, MI?
33 homes sold in the year to May 2026 at a typical $225K, $157 a square foot.
Is Parchment a buyer’s or seller’s market?
A seller’s market: 4 homes were for sale in May 2026 and 3 sold, about 1.3 months of supply. Buyers paid 98.4% of asking on average, and 58% of listings cut their price.
When is the best time to buy in Parchment?
August brings the most new listings. The sales history shows which months have fewer bidding wars.
How much are property taxes in Parchment?
About 1.7% of a home’s value a year. On a $225K home that’s near $3,770.
Where can I see homes for sale in Parchment?
Zillow, Redfin, Realtor.com and Homes.com all carry Parchment’s MLS listings; the search links above open each one filtered to Parchment.
Sales, prices, days on market and listings: Redfin Data Center (MLS, monthly, not seasonally adjusted). Property tax rate: Census American Community Survey. Two-bedroom rent: HUD Fair Market Rent. Typical home value: Zillow Home Value Index. Schools grade: TownRatings (how grades work).