$3,206 Closing Credit*
$270,000
2,086 SqFt
4 Beds
•1 Full Bath, 2 Partial
David S Bratanov, Listing Office: Century 21 DeAnna Realty
Is Parma Heights, OH a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
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.
Housing Prices in Parma Heights, OH
How much do homes in Parma Heights, OH cost?
Median Sold Price
$210,000
$124/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$22,500(+12.0%)
Key Takeaway
Homes in Parma Heights have sold for 12% more than they did a year ago.
Summary: The median home sold price in Parma Heights was $210,000 in October 2024, up 12% from last year, and the median price per square foot was $124.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $104.5K | $65K | -37.8% |
| 2 Bedrooms | $126.7K | $137K | +8.1% |
| 3 Bedrooms | $190K | $215K | +13.2% |
| 4 Bedrooms | $209.9K | $234.5K | +11.7% |
| 5+ Bedrooms | $237K | $257.5K | +8.6% |
Summary: Parma Heights housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 37.8%, 2 bedroom homes increased by 8.1%, 3 bedroom homes increased by 13.2%, 4 bedroom homes increased by 11.7%, and 5+ bedroom homes increased by 8.6%.
Median Sold Price Compared To Nearby Cities
| Parma Heights | $187.5K | $210K | +12.0% |
| Parma | $190.1K | $205.1K | +7.9% |
Housing Supply in Parma Heights, OH
How many homes are available in Parma Heights, OH?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 40 | 54 | +35.0% |
Summary: The Parma Heights real estate market had 54 homes for sale in October 2024, a 35.0% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 5 | 7 | +40.0% |
| 3 Bedrooms | 28 | 34 | +21.4% |
| 4 Bedrooms | 5 | 9 | +80.0% |
| 5+ Bedrooms | 2 | 4 | +100.0% |
Summary: The Parma Heights housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 40%, 3 bedroom homes increased by 21.4%, 4 bedroom homes increased by 80%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 12 | 20 | +66.7% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
9 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Parma Heights, you could pay more than the asking price. 45% of homes here sold above asking price last month.
Summary: A total of 20 homes were sold or pending in Parma Heights in October 2024, up by 66.7% month-over-month. Of the 20 sold homes, 35% were sold under asking, 20% were sold at asking, and 45% were sold over asking.
Days on Market for Parma Heights, OH
How long does it take to sell a home in Parma Heights, OH?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 25 Days | 22 Days | -9.9% |
Summary: Homes in Parma Heights had an average of 22 days on market in Oct 2024, down by 9.9% compared to last year.
Breakdown of Home Sale Times
15 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Parma Heights are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 20 homes were sold in Parma Heights; 75% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 5% of homes were sold over 90 days.
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