From January through March of 2021, there were 346 homes sold, with a median sale price of $145,000 - a 16.3% increase over the $124,700 median sale price for the same period of the previous year. There were 208 homes sold in Parma in the first quarter of 2020.
The median sales tax in Parma for the most recent year with available data, 2019, was $2,953, approximately 2% of the median home sale price for the first quarter of 2021.
The following table compares Parma to other Cuyahoga County cities with similar median sale prices in the first quarter of 2021:
| City | Jan. - Mar. 2021 Home Sales | Jan. - Mar. 2020 Home Sales | % change (Total Home Sales) | Jan. - Mar. 2021 Median Sales Price | Jan. - Mar. 2020 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Parma Heights | 62 | 43 | 44.2% | $155,000 | $117,500 | 31.9% |
| Middleburg Heights | 54 | 31 | 74.2% | $154,750 | $180,000 | -14% |
| Lyndhurst | 83 | 58 | 43.1% | $150,000 | $139,350 | 7.6% |
| Mayfield Heights | 77 | 44 | 75% | $149,900 | $153,875 | -2.6% |
| Cuyahoga Heights | 1 | 1 | 0% | $145,000 | $228,000 | -36.4% |
| Parma | 346 | 208 | 66.3% | $145,000 | $124,700 | 16.3% |
| Brook Park | 59 | 54 | 9.3% | $140,000 | $128,271.50 | 9.1% |
| Brooklyn | 34 | 14 | 142.9% | $131,000 | $100,000 | 31% |
| North Randall | 2 | 2 | 0% | $129,950 | $79,117 | 64.3% |
| Cleveland Heights | 209 | 157 | 33.1% | $125,500 | $95,000 | 32.1% |
| South Euclid | 135 | 96 | 40.6% | $118,000 | $89,300 | 32.1% |
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