In August 2019, there were 164 homes sold, with a median sale price of $125,000 - a 11.4% increase over the $112,250 median sale price for the same period of the previous year. There were 157 homes sold in Parma in August 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 August 2019.
The following table compares Parma to other Cuyahoga County cities with similar median sales prices in August 2019:
| City | Aug. 2019 Home Sales | Aug. 2018 Home Sales | % change (Total Home Sales) | Aug. 2019 Median Sales Price | Aug. 2018 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Richmond Heights | 17 | 9 | 88.9% | $140,000 | $146,000 | -4.1% |
| Olmsted Falls | 16 | 19 | -15.8% | $135,750 | $165,000 | -17.7% |
| Berea | 43 | 43 | 0% | $131,000 | $131,700 | -0.5% |
| Parma Heights | 31 | 40 | -22.5% | $129,000 | $118,000 | 9.3% |
| Brook Park | 31 | 30 | 3.3% | $126,300 | $124,950 | 1.1% |
| Parma | 164 | 157 | 4.5% | $125,000 | $112,250 | 11.4% |
| Mayfield Heights | 30 | 41 | -26.8% | $122,500 | $152,000 | -19.4% |
| Brooklyn | 19 | 19 | 0% | $116,500 | $106,000 | 9.9% |
| Oakwood | 5 | 6 | -16.7% | $107,000 | $137,500 | -22.2% |
| Cleveland Heights | 76 | 105 | -27.6% | $100,500 | $109,000 | -7.8% |
| South Euclid | 50 | 51 | -2% | $80,000 | $96,500 | -17.1% |
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