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Foreclosures in Parma, OH 44129

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Parma, OH Foreclosures

Current Market Conditions in in Parma, OH As of February 2026?
Over the past month, the real estate market in Parma has stabilized, with homes typically staying on the market for around two weeks. While there was a slight reduction in inventory, demand remains strong, which could lead to price increases should this trend continue. Buyers are encouraged to act fast to secure properties without being outbid.
How much do homes sell for in Parma, OH?
The average home price is currently $239,154.
In Parma, OH, how many homes are available?
There are currently 2 active home listings available in Parma.
What’s the average rental cost in Parma, OH?
The average rental price in Parma is $1,100.
What is the most expensive home in Parma?
The most expensive home sold in Parma had a price of $140,404,640.
What is currently the cheapest priced home in Parma, OH?
The cheapest home for sale in Parma is priced at $13,958.

Living in Parma, OH

Parma, Ohio, is a bustling suburb of Cleveland that is perfect for families and professionals alike. Known for its suburban charm and strong sense of community, Parma offers a range of amenities, recreational options, and educational facilities. With close proximity to Cleveland, residents enjoy the best of both worlds—quiet suburban living with easy access to urban attractions.

Buyer vs Seller Market in Parma, OH

The real estate market in Parma is currently seeing a strong demand for single-family homes, with an increasing number of buyers entering the market. Home prices have seen a modest uptick over the last year, reflecting the area’s continued desirability among families and first-time homebuyers.

In competition with other suburbs, Parma remains affordable compared to the greater Cleveland area. Agents report that homes are selling quickly, often with multiple offers in a competitive environment.

Home Value Estimator For Parma, OH

There are currently 23,978 real estate properties in Parma, OH, with a median automated valuation model (AVM) price of $205,144.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Parma, OH, based on current market trends, comparable real estate sales nearby, historical data and, of course, property features, among other variables. These automated home estimates are often very helpful, providing buyers and sellers with a better idea of a home’s value ahead of the negotiation process. For example, the average home price in Parma, OH, is $239,154.00, with the most expensive house in Parma, OH, topping out at $140,404,640.00 and the cheapest home in Parma, OH, clocking in at $13,958.00. In other words, there’s something for every potential homebuyer or savvy investor in Parma, OH!

Rent Prices In Parma, OH

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Parma, OH, is on a rollercoaster ride. The average rent price in Parma, OH, is $1,100.00. Indeed, when looking to rent in Parma, OH, you can expect to pay as little as $520.00 or as much as $2,190.00, with the average rent median estimated to be $1,080.00. The good news is that finding an affordable and desirable property to rent in Parma, OH -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.

Parma, OH 44129 Foreclosures

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