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Featured local agent — Parma Heights, OH
Sarah Mitchell
Compass Real Estate · Parma Heights, OH
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Parma Heights, OH Housing Market & Real Estate
Housing market overview · Updated monthly ·
$220,000median sale price
How is the Parma Heights, OH housing market right now?
The median home sale price in Parma Heights, OH is $220,000, down 5.9% year-over-year. Homes sell in an average of 9 days with 20 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 Heights a buyer's or seller's market?
Parma Heights, OH is currently a strong seller's market, based on 1.1 months of supply and homes selling in about 9 days. How we determine this →
Homes sold
18
Last 12 weeks
Days on market
9
Fast-moving
Active listings
20
1.1 months supply
Sale-to-list
101.1%
Above asking
What does the Parma Heights housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $220,000 |
| Median list price | $231,250 |
| Year-over-year price change | -5.9% |
| Average days on market | 9 days |
| Active inventory | 20 listings |
| Months of supply | 1.1 months |
| Sale-to-list price ratio | 101.1% |
| Median price per sq ft | $181/sq ft |
| Homes sold (latest month) | 18 |
| New listings (latest month) | 24 |
| Listings with a price cut | 20.0% |
| Market condition | Strong seller's market |
Source: Redfin · Updated monthly
How much do homes cost in Parma Heights by property type?
How the Parma Heights, 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 | $220,000 | $185/sq ft | 17 | 9 days |
| Condo / Co-op | $110,000 | $116/sq ft | 1 | 9 days |
Source: Redfin · Updated monthly
The Parma Heights housing market is currently classified as a strong seller's market with a median sale price of $220,000. Prices have fallen 5.9% compared to last year, with homes spending an average of 9 days on market, indicating 1.1 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 3.8x provides context for how home values compare to local earning capacity.
Homes for sale in Parma Heights
There are currently 20 homes listed for sale in Parma Heights, Ohio. The median listing price is $231K.
Active listings
20
Homes on market
Median list price
$231K
Avg. days on market
9
Days until sale
New this week
24
Newly listed
Who lives in Parma Heights?
Population
20,616
Median income
$59,218/yr
Median age
40.7 years
Owner-occupied
58.1%
College grads
27.4%
Avg commute
25.7 min
Source: U.S. Census Bureau ACS
What are homes worth in Parma Heights?
Zillow home value
$224,175
Zillow rent index
$1,276/mo
Price-to-rent ratio
14.6x
Price-to-income
3.8x
Source: Zillow Research
What is it like to live in Parma Heights?
Parma Heights is a community of approximately 21K residents with a median age of 40.7 years.The median household income is $59,218, which represents a working-class community with solid middle-income opportunities. 27.4% of residents hold a bachelor's degree or higher, showing a mixed educational demographic.
Homeownership rates are at 58.1%, showing a blend of owner and renter-occupied properties. The average commute time is 25.7 minutes, which makes this an excellent choice for those seeking short commutes to employment centers.Overall, Parma Heights offers a balanced lifestyle with accessible home values relative to local income levels.
Which public schools serve Parma Heights?
1 schools tracked · 1,452 students
The largest public schools serving Parma Heights, 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.
Valley Forge High School
Grades 9-12 · 1,452 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 Heights, OH?
Want a head-to-head view? Compare Parma Heights side-by-side with any other U.S. city using our market-comparison tool.
Is Parma Heights a good real estate investment market?
For investors evaluating Parma Heights, the price-to-rent ratio of 14.6x suggests potential rental yield opportunity, making the market attractive for income-focused investors. The market has softened 5.9% 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 Heights's current market conditions and your specific situation. Estimate your monthly payment with the mortgage calculator using Parma Heights's median home price.
Frequently asked questions
What is the average home price in Parma Heights?
The median home sale price in Parma Heights is $220,000, down 5.9% from last year.
How long do homes stay on market in Parma Heights?
Homes typically spend 9 days on market before going under contract.
What is the median income in Parma Heights?
The median household income is $59,218 per year.
Is Parma Heights a buyer's or seller's market?
With 1.1 months of supply, Parma Heights is currently a strong seller's market.
What is the Zillow home value estimate for Parma Heights?
The Zillow Home Value Index (ZHVI) for Parma Heights is $224,175, representing the typical home value in the area.
What is the median condo price in Parma Heights?
The median condo/co-op sale price in Parma Heights, OH is $110,000, compared to $220,000 for a single-family home, based on the latest Redfin data.
How much does a single-family home cost in Parma Heights?
The median single-family home price in Parma Heights, OH is $220,000 (about $185 per square foot).
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