In March 2018, there were 132 homes sold, with a median sale price of $107,842 - a 16.1% increase over the $92,875 median sale price for the same period of the previous year. There were 54 homes sold in Parma in March 2017.
The median sales tax in Parma for the most recent year with available data, 2016, was $2,835, approximately 2.6% of the median home sale price for March 2018.
The following table compares Parma to other Cuyahoga County cities with similar median sales prices in March 2018:
| City | Mar. 2018 Home Sales | Mar. 2017 Home Sales | % change (Total Home Sales) | Mar. 2018 Median Sales Price | Mar. 2017 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| University Heights | 20 | 11 | 81.8% | $132,750 | $124,000 | 7.1% |
| Middleburg Heights | 25 | 15 | 66.7% | $127,000 | $148,000 | -14.2% |
| Richmond Heights | 13 | 6 | 116.7% | $122,000 | $103,500 | 17.9% |
| Walton Hills | 1 | 1 | 0% | $120,000 | $120,000 | 0% |
| Parma Heights | 31 | 7 | 342.9% | $115,000 | $92,000 | 25% |
| Parma | 132 | 54 | 144.4% | $107,841.50 | $92,875 | 16.1% |
| Lyndhurst | 39 | 14 | 178.6% | $102,000 | $94,000 | 8.5% |
| Brooklyn | 9 | 5 | 80% | $100,500 | $80,000 | 25.6% |
| Brook Park | 18 | 13 | 38.5% | $98,000 | $75,539 | 29.7% |
| Bedford Heights | 8 | 7 | 14.3% | $97,000 | $90,000 | 7.8% |
| Valley View | 1 | 0 | - | $95,000 | $0 | - |
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