August 2021: Home prices in Parma increased

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The median sale price of a home sold in August 2021 in Parma rose by $11,100 while total sales decreased by 45.4%, according to

In August 2021, there were 71 homes sold, with a median sale price of $151,600 - a 7.9% increase over the $140,500 median sale price for the same period of the previous year. There were 130 homes sold in Parma in August 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 August 2021.

The following table compares Parma to other Cuyahoga County cities with similar median sale prices in August 2021:

CityAug. 2021 Home SalesAug. 2020 Home Sales% change (Total Home Sales)Aug. 2021 Median Sales PriceAug. 2020 Median Sales Price% change (Median Sales Price)
Richmond Heights7616.7%$170,000$112,00051.8%
Bedford Heights69-33.3%$169,500$90,10088.1%
Brook Park1123-52.2%$157,000$144,0009%
South Euclid3334-2.9%$141,500$124,75013.4%
Parma Heights1727-37%$140,000$125,00012%
North Randall10-$129,500$0-

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