Phillip Henninger House · Photo: Nyttend · Public domain1,003 homes sold in Parma in the last year, at a typical $226K
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 Parma homes are listed.
Every place Parma 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 Parma.
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.
4% of Parma’s sales are condos, at $59K less than a house
925 houses and 43 condos sold in the year to May 2026. Houses sell faster and draw more bidding wars.
typical sale · 925 sold in 12 months
- Per square foot
- $175OH $165
- Days to sell
- 18
- Sold over asking
- 49%
- Listings with a price cut
- 35%
typical sale · 43 sold in 12 months
- Per square foot
- $137OH $172
- Days to sell
- 33
- Sold over asking
- 28%
- Listings with a price cut
- 31%
Multi-family (2–4 units): 35 sold, typical $265K
Too few sales in 12 months for reliable figures.
About as many homes sell as usual, at 2.2 times the 2016 price
1,003 sales in the last year, against 1,550 in 2021 and a low of 853 in 2012. The typical sale went from $101K in 2016 to $226K.
Source: Redfin Data Center, MLS sales. Typical price and $/sq ft are the monthly medians, weighted by sales.
What $250K buys in Parma
Check a listing against what Parma 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 Parma are more common than before the pandemic, but 60% fewer homes come up for sale
We read every month of Parma’s home sales since 2012 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, 1,003 sales.
If you’re buying in Parma
- Shop in September. It brings about 125 new listings a month, close to the busiest month, with fewer bidding wars (40% over asking).
- You can negotiate. 34% of listings have cut their price, against 26% before the pandemic.
- Bid near asking. Buyers paid 100.4% of the list price on average; 48% paid over.
- Move fast on good ones. 62% of homes are under contract within two weeks.
Summer brings both the most homes and the most bidding wars
June has the most new listings (about 152 a month), and the most competition: 47% close over asking. August and September offer nearly as much choice with fewer homes bid up (44%). February has the least competition (26%) but only about 81 new listings.
Averages for each calendar month, 2015 on.
Nearly as heated as 2021, and hotter than Ohio
| Parma now | 2017–19 | 2021 peak | OH now | |
|---|---|---|---|---|
| Sold over askingShare of sales that closed above the list price | 48% | 25% | 57% | 29% |
| Gone within two weeksShare of homes under contract within 14 days | 62% | 42% | 65% | 47% |
| Listings with a price cutShare of homes for sale that cut their price | 34% | 26% | 28% | 27% |
| Price paid vs. askingAverage sale price ÷ list price | 100.4% | 97.8% | 101.8% | 98.5% |
| Days to sellMedian days from listing to contract | 18 | 48 | 20 | 43 |
107 homes for sale on a typical day
That’s 1.2 times the 2023 low (86), 60% fewer than in 2017–19 and well under 2012’s 567.
1 in 3 listings has cut its price
34% in the last year, against 26% in 2017–19 and 27% across Ohio. More sellers are pricing high and coming down.
Since 2019, houses are up 79%, condos 59%
A house typically sold for $227K in the last year (925 sales), a condo for $168K (43).
Median sale price, weighted by sales each month. Years with fewer than 4 sales of a type are left out.
Parma ranks 8th of 305 busy Ohio markets for bidding wars
Share of sales over asking in the last year, among towns with 60 or more sales. Parma is one of the state’s hottest markets.
Source: Redfin Data Center, city market tracker, January 2012 to May 2026 (MLS sales, not seasonally adjusted). Ratios are weighted by homes sold; price cuts by homes for sale.
Owning the typical Parma home costs about $1,549 a month
Price: Parma’s typical sale, last 12 months. Property tax at Parma’s 2% (median bill ÷ median value, Census ACS); insurance at 0.35% of price a year. Before PMI, HOA dues, upkeep and the tax deduction. Whether Parma is affordable on local pay is on Cost of living.
Six things worth knowing
New listings in June
The month with the most choice. December has the fewest, about 55.
Best time to buyProperty tax, a year
Of a home’s value: the median bill over the median home value. On a $226K home, about $4,440 a year.
Taxes vs. neighborsSchools
The schools grade for Parma, from test results, graduation and how much students grow.
Schools in ParmaCheck 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.
No busy market nearby sells for less a square foot
The busier markets within 25 miles of Parma, 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 | |
|---|---|---|---|---|---|
| Parma | 1,003 | $226K | $172 | 48% | 18 |
| North Royalton | 359 | $311K | $176 | 35% | 25 |
| Parma Heights | 218 | $233K | $178 | 43% | 19 |
| Middleburg Heights | 189 | $276K | $173 | 46% | 16 |
| Seven Hills | 152 | $323K | $184 | 40% | 27 |
| Brooklyn | 111 | $219K | $177 | 47% | 29 |
| Independence | 59 | $376K | $206 | 29% | 21 |
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 Parma, free
Selling it yourself, renting out an apartment or looking for a roommate? Post it to Parma. People who follow the town see it, and so do people comparing Parma with their own town. No commission, no listing fee.
Questions about buying a home in Parma
What do homes sell for in Parma, OH?
1,003 homes sold in the year to May 2026 at a typical $226K, $172 a square foot. Houses sold for about $227K, condos for about $168K.
Is Parma a buyer’s or seller’s market?
A seller’s market: 70 homes were for sale in May 2026 and 87 sold, about 0.8 months of supply. Buyers paid 100.4% of asking on average, and 34% of listings cut their price.
When is the best time to buy in Parma?
June brings the most new listings. The sales history shows which months have fewer bidding wars.
How much are property taxes in Parma?
About 2% of a home’s value a year. On a $226K home that’s near $4,440.
Where can I see homes for sale in Parma?
Zillow, Redfin, Realtor.com and Homes.com all carry Parma’s MLS listings; the search links above open each one filtered to Parma.
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).