Is Parma, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 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
$259,000
$158/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Parma was $259,000 in May 2024, up 3.1% from last year, and the median price per square foot was $158.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $178.5K | $213K | +19.3% |
3 Bedrooms | $251.2K | $255.5K | +1.7% |
4 Bedrooms | $300K | $280K | -6.7% |
5+ Bedrooms | $329.9K | $266.7K | -19.1% |
Summary: Parma housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 19.3%, 3 bedroom homes increased by 1.7%, 4 bedroom homes decreased by 6.7%, and 5+ bedroom homes decreased by 19.1%.
Median Sold Price Compared To Nearby Cities
Clarkson | $240K | $272.7K | +13.6% |
Greece | $199.9K | $225.1K | +12.6% |
Hamlin | $200K | $210.2K | +5.1% |
Parma | $251.2K | $259K | +3.1% |
Hilton | $259.9K | $263.2K | +1.3% |
Housing Supply in Parma, NY
How many homes are available in Parma, NY?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
39 | 29 | -25.6% |
Summary: The Parma real estate market had 29 homes for sale in May 2024, a 25.6% decrease compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 3 | 2 | -33.3% |
3 Bedrooms | 16 | 14 | -12.5% |
4 Bedrooms | 16 | 10 | -37.5% |
5+ Bedrooms | 4 | 3 | -25.0% |
Summary: The Parma housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 33.3%, 3 bedroom homes decreased by 12.5%, 4 bedroom homes decreased by 37.5%, and 5+ bedroom homes decreased by 25%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
10 | 9 | -10.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Summary: A total of 9 homes were sold or pending in Parma in May 2024, down by 10.0% month-over-month. Of the 9 sold homes, 11% were sold under asking, 0% were sold at asking, and 89% 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
May 2023 | May 2024 | CHANGE |
---|---|---|
8 Days | 10 Days | +24.0% |
Summary: Homes in Parma had an average of 10 days on market in May 2024, up by 24% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During May 2024, 9 homes were sold in Parma; 89% of homes were sold within 30 days, 11% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.