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Foreclosure Homes in Parma, OH 44134

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Parma, OH Foreclosures

Current Market Conditions in in Parma, OH As of April 2026?
Over the past month, the real estate market in Parma has continued to trend positively, with an increase in home sales and a slight uptick in prices. Potential buyers are facing competition, leading to quicker closings and multiple offers on desirable properties. This highlights the ongoing demand for homes in Parma despite a challenging economic climate.
How much do homes sell for in Parma, OH?
The average home price is currently $236,249.
In Parma, OH, how many homes are available?
There are currently 107 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 $136,839,104.
What is currently the cheapest priced home in Parma, OH?
The cheapest home for sale in Parma is priced at $13,624.

Living in Parma, OH

Parma, OH is a thriving suburb of Cleveland, known for its strong community spirit and diverse population. With plenty of parks, shopping areas, and schools, it offers an excellent environment for families and individuals alike. The real estate market in Parma provides a range of options from affordable homes to more upscale properties.

Buyer vs Seller Market in Parma, OH

The real estate market in Parma has shown steady growth, with an increasing demand for homes as families seek the suburban lifestyle while still being close to Cleveland. The area is popular among first-time homebuyers and families looking for a sense of community.

The average housing price in Parma remains affordable compared to other suburbs in the Cleveland area, making it an attractive option for those seeking to invest in real estate. Homes often sell within a reasonable timeframe, and the market appears to favor sellers, with inventory levels slightly tightening.

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 $204,098.00. 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 $236,249.00, with the most expensive house in Parma, OH, topping out at $136,839,104.00 and the cheapest home in Parma, OH, clocking in at $13,624.00. 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 44134 Foreclosures

Market Trend for Parma, OH

Total Listings Available: 107

Market Values:

Home Prices from $13,624 to $136,839,104

Average Sales Price: $236,249

Rental Values:

Rental from $520 to $2,190

Average Rent Value: $1,100 / month

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