Is Parma Heights, OH a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Parma Heights is a seller's market

Buyer's
Market

Difference Since November 2021

Since last year, Parma Heights has remained a Seller's Market.

Key Takeaway

Parma Heights is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

How much do homes in Parma Heights, OH cost?

Median Sold Price

$182,750

$113/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2021

+$17,750(+10.8%)

Key Takeaway

Homes in Parma Heights have sold for 10.8% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSNov 2021Nov 2022%
1 $40K$57.9K
+44.9%
2 $103.2K$128.6K
+24.6%
3 $165K$185K
+12.1%
4 $195K$200.5K
+2.8%
5+ $233.5K$249K
+6.6%

Median Sold Price Compared To Nearby Cities

Parma
+11.6%
Parma Heights
+10.8%

How many homes are available in Parma Heights, OH?

Number of Homes For Sale

Oct 2022Nov 2022%
7876-2.6%

Homes For Sale By Bedroom Count

# BEDSOct 2022Nov 2022%
1 00
0.0%
2 57
+40.0%
3 5754
-5.3%
4 1413
-7.1%
5+ 22
0.0%

Number of Homes Sold

Oct 2022Nov 2022%
2027+35.0%

Asking Price vs. Sold Price

14 Homes Were Sold
Under Asking

4 Homes Were Sold
At Asking

9 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Parma Heights, you may be able to get a good deal. 51.9% of homes here sold below asking price last month.

Average Sale Time

Nov 2021Nov 2022%
36 Days21 Days-42.5%

Breakdown of Home Sale Times

21 Homes Were Sold
Under 30 Days

6 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Parma Heights are selling fast, if you're buying plan to act quickly.

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

About Parma Heights, OH

There are 76 homes are for sale in Parma Heights, OH real estate market. Between October 2022 and November 2022, Parma Heights, OH real estate market has seen decrease in the number of listings by 2.6%. In November 2022 median list price was $182,750 and the average listing age was 21 days. Between October 2022 and November 2022, listing prices of homes in this real estate market have seen the following changes: 1 bedroom properties prices increased by 44.9%, the cost of 2 bedrooms properties went up by 24.6%, 3 bedrooms properties became 12.1% more expensive, 4 bedrooms properties prices increased by 2.8%, 5 bedrooms properties became 6.6% more expensive. Volume of homes for sale in this real estate market have seen the following changes: 1 bedroom homes did not move, volume of 2 bedrooms homes went up by 40%, number of 3 bedrooms homes decreased by 5.3%, the quantity of 4 bedrooms homes went down by 7.1%, volume of 5 bedrooms homes stayed the same. Parma Heights, OH housing market in November 2022 saw over 9 listings sold above listed price, more than 4 sold at listed price and over 14 sold below.

Related Housing Market Reports