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Featured local agent — Parma, OH
Sarah Mitchell
Compass Real Estate · Parma, OH
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Parma, OH Housing Market & Real Estate
Housing market overview · Updated monthly ·
$235,000median sale price
How is the Parma, OH housing market right now?
The median home sale price in Parma, OH is $235,000, down 1.4% year-over-year. Homes sell in an average of 9 days with 70 active listings. The market is currently a strong seller's market. (Source: Redfin monthly MLS data, as of May 2026 — the most recent Redfin release; Redfin publishes each month's data on a ~6-week lag.)
Is Parma a buyer's or seller's market?
Parma, OH is currently a strong seller's market, based on 0.8 months of supply and homes selling in about 9 days. How we determine this →
Homes sold
87
Last 12 weeks
Days on market
9
Fast-moving
Active listings
70
0.8 months supply
Sale-to-list
101.5%
Above asking
What does the Parma housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $235,000 |
| Median list price | $235,000 |
| Year-over-year price change | -1.4% |
| Average days on market | 9 days |
| Active inventory | 70 listings |
| Months of supply | 0.8 months |
| Sale-to-list price ratio | 101.5% |
| Median price per sq ft | $175/sq ft |
| Homes sold (latest month) | 87 |
| New listings (latest month) | 87 |
| Listings with a price cut | 24.3% |
| Market condition | Strong seller's market |
Source: Redfin · Updated monthly
How much do homes cost in Parma by property type?
How the Parma, OH market breaks down across single-family homes, condos, and townhouses.
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $234,950 | $179/sq ft | 78 | 8 days |
| Condo / Co-op | $187,500 | $177/sq ft | 4 | 41 days |
Source: Redfin · Updated monthly
The Parma housing market is currently classified as a strong seller's market with a median sale price of $235,000. Prices have fallen 1.4% compared to last year, with homes spending an average of 9 days on market, indicating 0.8 months of inventory.With limited inventory, homes sell quickly and buyers should be prepared to act decisively and competitively to secure a property.The price-to-income ratio of 3.3x provides context for how home values compare to local earning capacity.
Homes for sale in Parma
There are currently 70 homes listed for sale in Parma, Ohio. The median listing price is $235K.
Active listings
70
Homes on market
Median list price
$235K
Avg. days on market
9
Days until sale
New this week
87
Newly listed
Who lives in Parma?
Population
80,131
Median income
$67,425/yr
Median age
43.2 years
Owner-occupied
72.8%
College grads
24.3%
Avg commute
24.4 min
Source: U.S. Census Bureau ACS
What are homes worth in Parma?
Zillow home value
$221,776
Zillow rent index
$1,402/mo
Price-to-rent ratio
13.2x
Price-to-income
3.3x
Source: Zillow Research
What is it like to live in Parma?
Parma is a community of approximately 80K residents with a median age of 43.2 years.The median household income is $67,425, which represents a working-class community with solid middle-income opportunities. 24.3% of residents hold a bachelor's degree or higher, showing a mixed educational demographic.
Homeownership rates are at 72.8%, reflecting strong community stability and long-term resident commitment. The average commute time is 24.4 minutes, which makes this an excellent choice for those seeking short commutes to employment centers.Overall, Parma offers a balanced lifestyle with accessible home values relative to local income levels.
Which public schools serve Parma?
15 schools tracked · 8,545 students
The largest public schools serving Parma, OH by enrollment, drawn from the National Center for Education Statistics. School quality is a commonly cited factor in home-buying decisions — these are the campuses families in this area are most likely to encounter.
Normandy High School
Grades 9-12 · 1,643 students
Constellation Schools: Parma Community
Grades K-12 · 1,259 students
Greenbriar Middle School
Grades 5-8 · 1,028 students
Pleasant Valley Elementary School
Grades K-4 · 907 students
Shiloh Middle School
Grades 5-8 · 787 students
Thoreau Park Elementary School
Grades K-4 · 511 students
John Muir Elementary School
Grades K-4 · 484 students
Dentzler Elementary School
Grades K-4 · 454 students
Source: National Center for Education Statistics, Common Core of Data directory. Updated annually. Ratings and test scores are not currently displayed.
Which cities are near Parma, OH?
Want a head-to-head view? Compare Parma side-by-side with any other U.S. city using our market-comparison tool.
Is Parma a good real estate investment market?
For investors evaluating Parma, the price-to-rent ratio of 13.2x suggests potential rental yield opportunity, making the market attractive for income-focused investors. The market has softened 1.4% year-over-year, potentially creating entry opportunities for strategic buyers.Use our rent vs. buy calculator to analyze whether owning or renting makes more financial sense based on Parma's current market conditions and your specific situation. Estimate your monthly payment with the mortgage calculator using Parma's median home price.
Frequently asked questions
What is the average home price in Parma?
The median home sale price in Parma is $235,000, down 1.4% from last year.
How long do homes stay on market in Parma?
Homes typically spend 9 days on market before going under contract.
What is the median income in Parma?
The median household income is $67,425 per year.
Is Parma a buyer's or seller's market?
With 0.8 months of supply, Parma is currently a strong seller's market.
What is the Zillow home value estimate for Parma?
The Zillow Home Value Index (ZHVI) for Parma is $221,776, representing the typical home value in the area.
What is the median condo price in Parma?
The median condo/co-op sale price in Parma, OH is $187,500, compared to $234,950 for a single-family home, based on the latest Redfin data.
How much does a single-family home cost in Parma?
The median single-family home price in Parma, OH is $234,950 (about $179 per square foot).
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