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Foreclosure Homes in Parma, OH

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Parma, OH Foreclosures

Current Market Conditions in in Parma, OH As of March 2026?
Over the past month, home sales in Parma have slightly increased, with many properties receiving multiple offers. This uptick can be attributed to seasonal trends and sustained interest from buyers who appreciate the suburban lifestyle and affordability in this area. Consequently, average home prices have increased by approximately 2%, reflecting a competitive market amidst low inventory levels.
How much do homes sell for in Parma, OH?
The average home price is currently $236,190.
In Parma, OH, how many homes are available?
There are currently 181 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 $138,652,552.
What is currently the cheapest priced home in Parma, OH?
The cheapest home for sale in Parma is priced at $13,763.

Living in Parma, OH

Parma, OH is a dynamic suburb of Cleveland, offering a blend of suburban comfort and urban convenience. Known for its parks and community events, Parma provides a welcoming atmosphere for families. With diverse dining, shopping options, and strong educational institutions, it remains an attractive place for residents.

Buyer vs Seller Market in Parma, OH

The real estate market in Parma, OH, is currently experiencing stable growth, with a steady demand for housing driven by families and young professionals seeking affordable living just outside of Cleveland.

Recently, incentives and programs have made it easier for first-time homebuyers to enter the market, enhancing the area's appeal and contributing to positive appreciation in home values.

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 $202,787.00. 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 $236,190.00, with the most expensive house in Parma, OH, topping out at $138,652,552.00 and the cheapest home in Parma, OH, clocking in at $13,763.00. 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 Foreclosures

Market Trend for Parma, OH

Total Listings Available: 181

Market Values:

Home Prices from $13,763 to $138,652,552

Average Sales Price: $236,190

Rental Values:

Rental from $520 to $2,190

Average Rent Value: $1,100 / month

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