Is Parma Township, MI a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Parma Township is a buyer's market

Buyer's
Market

Difference Since November 2021

At the same time last year, Parma Township was a Seller's Market.

Key Takeaway

Parma Township is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

How much do homes in Parma Township, MI cost?

Median Sold Price

$220,000

$131/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2021

+$49,750(+29.2%)

Key Takeaway

Homes in Parma Township have sold for 29.2% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSNov 2021Nov 2022%
1 --
N/A
2 $240K$154.9K
-35.4%
3 $145K$230K
+58.6%
4 $280K$249.9K
-10.8%
5+ $280K$284.5K
+1.6%

Median Sold Price Compared To Nearby Cities

Parma Township
+29.2%
Sandstone Township
+27.9%
Concord Township
+22.2%
Springport Township
+12.6%

How many homes are available in Parma Township, MI?

Number of Homes For Sale

Oct 2022Nov 2022%
78+14.3%

Homes For Sale By Bedroom Count

# BEDSOct 2022Nov 2022%
1 00
0.0%
2 22
0.0%
3 44
0.0%
4 12
+100.0%
5+ 00
0.0%

Number of Homes Sold

Oct 2022Nov 2022%
01+100.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Parma Township, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

About Parma Township, MI

Number of homes for sale in Parma Township, MI real estate market have reached 8. The number of homes for sale in Parma Township, MI increased by 14.3% between October 2022 and November 2022. Listing prices have changed in this real estate market between October 2022 and November 2022: 1 bedroom properties became 0% more expensive, 2 bedrooms properties prices decreased by 35.4%, 3 bedrooms properties became 58.6% more expensive, 4 bedrooms properties became 10.8% more cheaper, the cost of 5 bedrooms properties went up by 1.6%. The following changes in the number of homes for sale were observed in this housing market: 1 bedroom homes did not move, volume of 2 bedrooms homes stayed the same, number of 3 bedrooms homes remained the same, 4 bedrooms homes inventory increased by 100%, number of 5 bedrooms homes remained the same. Over 0 listings were sold over their listed price in November 2022 in Parma Township, MI. In the same period over 1 listings were sold below the listed price and 0 listings were sold for the listed price.

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