In May 2021, there were 85 homes sold, with a median sale price of $158,000 - a 22.5% increase over the $129,000 median sale price for the same period of the previous year. There were 97 homes sold in Parma in May 2020.
The median sales tax in Parma for the most recent year with available data, 2019, was $2,953, approximately 1.9% of the median home sale price for May 2021.
The following table compares Parma to other Cuyahoga County cities with similar median sale prices in May 2021:
| City | May 2021 Home Sales | May 2020 Home Sales | % change (Total Home Sales) | May 2021 Median Sales Price | May 2020 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Parma Heights | 30 | 22 | 36.4% | $173,250 | $136,750 | 26.7% |
| Berea | 23 | 22 | 4.5% | $168,000 | $140,500 | 19.6% |
| Mayfield Heights | 21 | 18 | 16.7% | $161,900 | $169,950 | -4.7% |
| Richmond Heights | 12 | 8 | 50% | $160,000 | $157,500 | 1.6% |
| Brook Park | 25 | 32 | -21.9% | $160,000 | $147,375 | 8.6% |
| Parma | 85 | 97 | -12.4% | $158,000 | $129,000 | 22.5% |
| Broadview Heights | 9 | 32 | -71.9% | $151,000 | $191,450 | -21.1% |
| Cleveland Heights | 72 | 80 | -10% | $147,000 | $137,450 | 6.9% |
| Brooklyn | 7 | 12 | -41.7% | $145,000 | $128,750 | 12.6% |
| Bedford Heights | 9 | 8 | 12.5% | $125,000 | $92,750 | 34.8% |
| South Euclid | 49 | 44 | 11.4% | $120,000 | $114,250 | 5% |
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