8 hours on Rocket
$3,443 Closing Credit¹
#5130332, Tim Ali, Listing office: JMG Ohio
Parma Housing Market Report May 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 May 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
$216,037$127/SqFt
+$16,037
+8.0%
Based on all homes sold in the last 12 months
Insight
Homes in Parma have sold for 8% more than they did a year ago.
Summary: The median home sold price in Parma was $216,037 in May 2025, up 8% from last year, and the median price per square foot was $127.
Median Sold Price By Cities
| City | May 2024 | May 2025 | Change YoY |
|---|---|---|---|
| Parma Heights | $198K | $226.8K | +14.5% |
| Seven Hills | $290K | $313.1K | +8.0% |
| Parma | $200K | $216K | +8.0% |
| Brooklyn | $199.9K | $207.5K | +3.8% |
Median Sold Price By Bedrooms
| Beds | May 2024 | May 2025 | Change YoY |
|---|---|---|---|
| 11 Bedroom | $89K | $290K | +225.8% |
| 22 Bedrooms | $157.9K | $175K | +10.8% |
| 33 Bedrooms | $198.4K | $214.8K | +8.3% |
| 44 Bedrooms | $225K | $245K | +8.9% |
| 55+ Bedrooms | $250K | $295K | +18.0% |
Summary: Parma housing price by bedroom type for May 2025, compared to the previous year. The home price for 1 bedroom homes increased by +225.8%. The home price for 2 bedroom homes increased by +10.8%. The home price for 3 bedroom homes increased by +8.3%. The home price for 4 bedroom homes increased by +8.9%. The home price for 5 bedroom homes increased by +18.0%.
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 |
|---|---|---|
| 224Last MonthMay 2025 | ||
| 2132 months agoApr 2025 | +5.2 % Change MoMApr – May |
Summary: The Parma real estate market had 224 homes for sale in May 2025, a 5.2 % increase compared to Apr 2025.
Number of Homes Sold
| Last Month | 2 months ago | Change MoM |
|---|---|---|
| 75Last MonthMay 2025 | ||
| 792 months agoApr 2025 | -5.1 % Change MoMApr – May |
Homes For Sale By Bedroom Count
| Beds | Apr 2025 | May 2025 | Change MoM |
|---|---|---|---|
| 11 Bedroom | 1 | 0 | -100.0% |
| 22 Bedrooms | 15 | 16 | +6.7% |
| 33 Bedrooms | 150 | 156 | +4.0% |
| 44 Bedrooms | 42 | 45 | +7.1% |
| 55+ Bedrooms | 5 | 7 | +40.0% |
Summary: Parma housing inventory by bedroom type for May 2025, compared to the previous month. The inventory for 1 bedroom homes decreased by -100.0%. The inventory for 2 bedroom homes increased by +6.7%. The inventory for 3 bedroom homes increased by +4.0%. The inventory for 4 bedroom homes increased by +7.1%. The inventory for 5 bedroom homes increased by +40.0%.
Asking Price vs. Sold Price
How much do homes in Parma, OH cost?
Over Asking Price48 Homes
At Asking Price8 Homes
Under Asking Price19 Homes
Insight
If you're buying a home in Parma, you could pay more than the asking price. 64% of homes here sold above asking price last month.
Summary: A total of 75 homes were sold or pending in Parma in May 2025, down by 5.1% month-over-month. Of the 75 sold homes, 25% were sold under asking, 11% were sold at asking, and and 64% 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 Days59 Homes
30 – 90 Days15 Homes
Over 90 Days1 Home
Insight
Many homes in Parma are selling fast, if you're buying plan to act quickly.
Summary: During May 2025, 75 homes were sold in Parma; 79% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 1% of homes were sold over 90 days.
Average Sale Time
| This Year | 1 year ago | Change YoY |
|---|---|---|
| 17 DaysThis YearMay 2025 | ||
| 17 Days1 year agoMay 2024 | +2.6 % Change YoYMay 2024 – May 2025 |
Summary: Homes in Parma had an average listing age of 17 days in May 2025, up by 2.6% compared to the previous year.
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Newest Listings in Parma, OH
What homes are available in Parma, OH?
1 day on Rocket
$2,968 Closing Credit¹
#5126785, Joe Dirk, Listing office: RE/MAX Crossroads Properties
2 days on Rocket
$2,968 Closing Credit¹
#5129501, Jeffrey A Burke, Listing office: Link Real Estate Group, LLC
2 days on Rocket
$3,443 Closing Credit¹
#5129669, Jim Ross, Listing office: JMG Ohio
3 days on Rocket
$2,197 Closing Credit¹
#5128731, Marti Neff, Listing office: EXP Realty, LLC.
4 days on Rocket
$4,274 Closing Credit¹
#5128170, Val Ivanchenko, Listing office: Engel & Völkers Distinct
5 days on Rocket
$2,136 Closing Credit¹
#5129154, Brandon Reese, Listing office: McCrae & Co. Real Estate, LLC
5 days on Rocket
$4,382 Closing Credit¹
#5128807, George Vujadinovic, Listing office: EXP Realty, LLC.
5 days on RocketBackup offers
$2,789 Closing Credit¹
#5122431, Ivana Carson, Listing office: Keller Williams Elevate
6 days on Rocket
$3,741 Closing Credit¹
#5124187, Chris Kilbane, Listing office: Russell Real Estate Services
6 days on Rocket
$2,493 Closing Credit¹
#5128526, Maureen A Wlodarczyk, Listing office: Keller Williams Living
6 days on Rocket
$2,820 Closing Credit¹
#5127916, Christopher Trivisonno, Listing office: Keller Williams Living
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MLS Disclaimers and Copyright
Based on information from MLS Now, for the period 06/01/2023 - 06/01/2025
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: 6/11/2025, 12:45:31 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.