Why Live in Parma
Parma, Ohio, the seventh largest city in the state, is a suburb located south of Cleveland. The city offers a variety of housing options, including bungalows, Ranch-style homes, classic Colonials, split-level residences, and Cape Cods, primarily built in the 1950s and 1960s. Despite the diverse housing stock, the market inventory is low, making it a competitive area for buyers and sellers. Children in Parma have access to highly rated schools within the Parma City School District. The city features numerous outdoor amenities, such as parks, nature preserves, playgrounds, and sports fields. James Day Park offers recreational activities like mini-golf, bocce ball, GaGa ball, and an outdoor Warrior Fitness Course. Residents can enjoy public pools at Walters Grove Park and Nike State Park, or the splash pad at Ridgewood Lake Park during warmer months. The community is surrounded by nature preserves, including Big Creek Reservation and West Creek Reserve, which provide hiking, birdwatching, and fishing opportunities. Shopping and dining options are abundant, with The Shoppes at Parma hosting popular brands and local establishments like Little Polish Diner and Rudy's Bakery. Each June, the Rib N Rock event attracts locals with ribs from various vendors and live bands. While Parma has a lower crime risk compared to the national average, air and noise pollution are notable concerns due to nearby industrial activities and Cleveland Hopkins International Airport. The city's proximity to major highways like Interstate 480 and West 130th Street facilitates travel to downtown Cleveland, which is approximately 10 miles away.
Home Trends in Parma, OH
On average, homes in Parma, OH sell after 2 days on the market compared to the national average of 70 days. The median sale price for homes in Parma, OH over the last 12 months is $160,000, down 28% from the median home sale price over the previous 12 months.
Median Sale Price
$160,000
Median Single Family Sale Price
$325,250
Average Price Per Sq Ft
$86
Number of Homes for Sale
0
Last 12 months Home Sales
7
Median List Price
$160,000
Median Change From 1st List Price
0%
Median Home Sale Price YoY Change
-28%