$2,374 Closing Credit*
$199,900
1,008 SqFt
3 Beds
•1 Full Bath
Daniel Labbato, Listing Office: Keller Williams Elevate
Is Parma Heights, OH a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 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 November 2023
+$20,000(+10.5%)
Key Takeaway
Homes in Parma Heights have sold for 10.5% more than they did a year ago.
Summary: The median home sold price in Parma Heights was $210,000 in November 2024, up 10.5% from last year, and the median price per square foot was $124.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $89K | - | N/A |
| 2 Bedrooms | $123K | $137K | +11.4% |
| 3 Bedrooms | $192.8K | $215K | +11.5% |
| 4 Bedrooms | $209.9K | $234.5K | +11.7% |
| 5+ Bedrooms | $225K | $280K | +24.4% |
Summary: Parma Heights housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 11.4%, 3 bedroom homes increased by 11.5%, 4 bedroom homes increased by 11.7%, and 5+ bedroom homes increased by 24.4%.
Median Sold Price Compared To Nearby Cities
| Parma Heights | $190K | $210K | +10.5% |
| Parma | $190.1K | $207.5K | +9.2% |
Housing Supply in Parma Heights, OH
How many homes are available in Parma Heights, OH?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 58 | 49 | -15.5% |
Summary: The Parma Heights real estate market had 49 homes for sale in November 2024, a 15.5% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 1 | +100.0% |
| 2 Bedrooms | 7 | 5 | -28.6% |
| 3 Bedrooms | 37 | 30 | -18.9% |
| 4 Bedrooms | 10 | 11 | +10.0% |
| 5+ Bedrooms | 4 | 2 | -50.0% |
Summary: The Parma Heights housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 28.6%, 3 bedroom homes decreased by 18.9%, 4 bedroom homes increased by 10%, and 5+ bedroom homes decreased by 50%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 20 | 18 | -10.0% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Parma Heights, you may be able to get a good deal. 44.4% of homes here sold below asking price last month.
Summary: A total of 18 homes were sold or pending in Parma Heights in November 2024, down by 10.0% month-over-month. Of the 18 sold homes, 44% were sold under asking, 11% were sold at asking, and 44% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 17 Days | 22 Days | +25.7% |
Summary: Homes in Parma Heights had an average of 22 days on market in Nov 2024, up by 25.7% compared to last year.
Breakdown of Home Sale Times
13 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 November 2024, 18 homes were sold in Parma Heights; 72% of homes were sold within 30 days, 22% of homes were sold within 30 to 90 days, and 6% of homes were sold over 90 days.
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