Is Parma, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Parma has remained a Seller's Market.
Housing Prices in Parma, NY
How much do homes in Parma, NY cost?
Median Sold Price
$257,250
$156/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Parma was $257,250 in April 2024, up 5% from last year, and the median price per square foot was $156.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $177.4K | $219K | +23.4% |
3 Bedrooms | $249.9K | $258K | +3.2% |
4 Bedrooms | $290K | $280K | -3.4% |
5+ Bedrooms | $365K | $260.5K | -28.6% |
Summary: Parma housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 23.4%, 3 bedroom homes increased by 3.2%, 4 bedroom homes decreased by 3.4%, and 5+ bedroom homes decreased by 28.6%.
Median Sold Price Compared To Nearby Cities
Clarkson | $231.5K | $270.6K | +16.9% |
Greece | $195.5K | $225K | +15.1% |
Hilton | $250K | $273.5K | +9.4% |
Parma | $245K | $257.2K | +5.0% |
Hamlin | $197.5K | $201.2K | +1.9% |
Housing Supply in Parma, NY
How many homes are available in Parma, NY?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
22 | 33 | +50.0% |
Summary: The Parma real estate market had 33 homes for sale in April 2024, a 50.0% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 2 | 3 | +50.0% |
3 Bedrooms | 10 | 12 | +20.0% |
4 Bedrooms | 6 | 15 | +150.0% |
5+ Bedrooms | 4 | 3 | -25.0% |
Summary: The Parma housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 50%, 3 bedroom homes increased by 20%, 4 bedroom homes increased by 150%, and 5+ bedroom homes decreased by 25%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
1 | 7 | +600.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Summary: A total of 7 homes were sold or pending in Parma in April 2024, up by 600.0% month-over-month. Of the 7 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.
Days on Market for Parma, NY
How long does it take to sell a home in Parma, NY?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
17 Days | 15 Days | -11.7% |
Summary: Homes in Parma had an average of 15 days on market in Apr 2024, down by 11.7% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During April 2024, 7 homes were sold in Parma; 86% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.