10 minutes on Rocket
$5,047 Closing Credit¹
#5113271, Glen G Whitten, Listing Office: Ohio Property Group, LLC
Parma Housing Market Report March 2025•Cuyahoga County, Ohio
Housing Prices in Parma, OH
How much do homes in Parma, OH cost?
Housing Market Conditions
Is Parma, OH a buyer’s or seller’s market?
Seller'sMarket
Buyer'sMarket
Parma is a Seller's Market
Difference Since March 2024
Since last year, Parma has remained a Seller's Market.
Insight
Parma is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Median Sold Price
$212,925$127/SqFt
+$17,842
+9.1%
Based on all homes sold in the last 12 months
Insight
Homes in Parma have sold for 9.1% more than they did a year ago.
Summary: The median home sold price in Parma was $212,925 in March 2025, up 9.1% from last year, and the median price per square foot was $127.
Median Sold Price By Cities
| City | Mar 2024 | Mar 2025 | Change YoY |
|---|---|---|---|
| Parma Heights | $193K | $222K | +15.0% |
| Parma | $195K | $212.9K | +9.1% |
| Seven Hills | $285.7K | $310K | +8.5% |
| Brooklyn | $193K | $205.5K | +6.5% |
Median Sold Price By Bedrooms
| Beds | Mar 2024 | Mar 2025 | Change YoY |
|---|---|---|---|
| 11 Bedroom | $89.3K | $113K | +26.5% |
| 22 Bedrooms | $157.9K | $176.8K | +11.9% |
| 33 Bedrooms | $195K | $210K | +7.7% |
| 44 Bedrooms | $220.5K | $244.5K | +10.9% |
| 55+ Bedrooms | $257.5K | $297.5K | +15.5% |
Summary: Parma housing price by bedroom type for March 2025, compared to the previous year. The home price for 1 bedroom homes increased by +26.5%. The home price for 2 bedroom homes increased by +11.9%. The home price for 3 bedroom homes increased by +7.7%. The home price for 4 bedroom homes increased by +10.9%. The home price for 5 bedroom homes increased by +15.5%.
How does Parma, OH compare with other places?
Market comparison tool
Data and numbers shown are subject to change and may vary based on different timeframes.
Parma, OH
Housing supply in Parma, OH
How many homes are available in Parma, OH?
Number of Homes For Sale
| Last Month | 2 months ago | Change MoM |
|---|---|---|
| 196Last MonthMar 2025 | ||
| 1742 months agoFeb 2025 | +12.6 % Change MoMFeb – Mar |
Summary: The Parma real estate market had 196 homes for sale in Mar 2025, a 12.6 % increase compared to Feb 2025.
Number of Homes Sold
| Last Month | 2 months ago | Change MoM |
|---|---|---|
| 62Last MonthMar 2025 | ||
| 572 months agoFeb 2025 | +8.8 % Change MoMFeb – Mar |
Homes For Sale By Bedroom Count
| Beds | Feb 2025 | Mar 2025 | Change MoM |
|---|---|---|---|
| 11 Bedroom | 1 | 1 | 0.0% |
| 22 Bedrooms | 9 | 13 | +44.4% |
| 33 Bedrooms | 131 | 147 | +12.2% |
| 44 Bedrooms | 25 | 28 | +12.0% |
| 55+ Bedrooms | 8 | 7 | -12.5% |
Summary: Parma housing inventory by bedroom type for March 2025, compared to the previous month. The inventory for 1 bedroom homes remained the same. The inventory for 2 bedroom homes increased by +44.4%. The inventory for 3 bedroom homes increased by +12.2%. The inventory for 4 bedroom homes increased by +12.0%. The inventory for 5 bedroom homes decreased by -12.5%.
Asking Price vs. Sold Price
How much do homes in Parma, OH cost?
Over Asking Price35 Homes
At Asking Price6 Homes
Under Asking Price21 Homes
Insight
If you're buying a home in Parma, you could pay more than the asking price. 56.5% of homes here sold above asking price last month.
Summary: A total of 62 homes were sold or pending in Parma in March 2025, up by 8.8% month-over-month. Of the 62 sold homes, 34% were sold under asking, 10% were sold at asking, and and 56% were sold over asking.
Days on Market for Parma, OH
How long does it take to sell a home in Parma, OH?
Breakdown of Home Sale Times
Under 30 Days36 Homes
30 – 90 Days19 Homes
Over 90 Days6 Homes
Insight
Many homes in Parma are selling fast, if you're buying plan to act quickly.
Summary: During March 2025, 62 homes were sold in Parma; 58% of homes were sold within 30 days, 31% of homes were sold within 30 to 90 days, and 10% of homes were sold over 90 days.
Average Sale Time
| This Year | 1 year ago | Change YoY |
|---|---|---|
| 32 DaysThis YearMar 2025 | ||
| 26 Days1 year agoMar 2024 | +21.6 % Change YoYMar 2024 – Mar 2025 |
Summary: Homes in Parma had an average listing age of 32 days in Mar 2025, up by 21.6% compared to the previous year.
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Newest Listings in Parma, OH
What homes are available in Parma, OH?
4 hours on Rocket
$2,363 Closing Credit¹
#5112519, Anthony Ezzo, Listing Office: EXP Realty, LLC.
5 hours on Rocket
$2,375 Closing Credit¹
#5112378, Laura Vandervaart, Listing Office: Real of Ohio
1 day on Rocket
$2,672 Closing Credit¹
#5112628, Brian Salem, Listing Office: EXP Realty, LLC.
1 day on Rocket
$2,494 Closing Credit¹
#5111539, Amanda Hall, Listing Office: Coldwell Banker Schmidt Realty
1 day on RocketTour
$2,791 Closing Credit¹
#5111585, Sam LoFaso, Listing Office: LoFaso Real Estate Services
1 day on Rocket
$2,434 Closing Credit¹
#5112661, Cindy M Ellis, Listing Office: Classic Realty Group, Inc.
1 day on RocketTour
$2,730 Closing Credit¹
#5112234, Gregory Erlanger, Listing Office: Keller Williams Citywide
2 days on Rocket
$2,018 Closing Credit¹
#5112677, Michael Azzam, Listing Office: RE/MAX Haven Realty
2 days on Rocket
$926 Closing Credit¹
#5112554, Beth Wallace, Listing Office: RE/MAX Real Estate Group
2 days on Rocket
$2,844 Closing Credit¹
#5112384, Patricia A Kriaris, Listing Office: Coldwell Banker Schmidt Realty
3 days on Rocket
$3,205 Closing Credit¹
#5112345, Tracy L Saglibene, Listing Office: EXP Realty, LLC.
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MLS Disclaimers and Copyright
Based on information from MLS Now, for the period 04/01/2023 - 04/01/2025
Copyright 2025 MLS Now. IDX information is provided exclusively for consumers’ personal, non-commercial use and that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed to be accurate. Buyer to verify all information. The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the name of the listing broker(s). The photos may be altered, edited, enhanced or virtually staged.Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 4/9/2025, 1:20:57 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.