Real Estate Market Update for Parma Heights, OH
Welcome to November's Market Update. Let’s take a look at residential real-estate activity in your area during the month of October. The number of active listings was down 40% from one year earlier, and down 13% from the previous month. This smaller inventory means that buyers who waited to buy may have had a smaller selection to choose from. As you can see, the median listing price for the month was just under 100-thousand dollars. Compared to last year, the average number of days units spent on the market before being sold was up 66%. This higher number of days may signal a slowdown in the local inventory-turnover rate. The median sale price was just under 70-thousand dollars. The number of units sold decreased 24% year-over-year, and decreased 27% month-over-month. Fewer sales could indicate an opportunity for buyers to negotiate better terms. Thanks for watching. We hope you use this information to make smart, informed decisions in your upcoming real-estate transactions. Feel free to contact us for more information or further assistance.
Show Transcript
Map Information for Parma Heights, OH
School Data for Parma Heights, OH

School Name Distance Type Grades GreatSchools Rating Parent Rating
Incarnate Word Academy 0.5 mi Catholic K-8 0 4
Parma Park Elementary School 0.7 mi Public K-4 3-5 3
Scribes And Scribblers Devl Ct 0.8 mi Private PRESCHOOL-K 0 0
Middleburg Heights Junior High 0.9 mi Public 6-8 0 0
Berea-midpark High School 0.9 mi Public 7-9 3 3
Bethel Christian Academy 1.0 mi Private PRESCHOOL-8 0 4
Academy Of St Bartholomew 1.1 mi Catholic PRESCHOOL-8 0 4
Big Creek Elementary School 1.2 mi Public PRESCHOOL-4 3 4
Greenbriar Middle School 1.5 mi Public 5-7 3 3
Valley Forge High School 1.6 mi Public 8-12 2 3
Holy Family School 1.6 mi Catholic PRESCHOOL-8 0 4
Pleasant Valley Elementary School 1.9 mi Public K-4 2 4
Summit Academy Community School-parma 2.0 mi Public K-12 1 3
Quest Community School 2.0 mi Public 9-12 0 0
Parma Montessori School Elementary School 2.1 mi Private K-K 0 0
Parma Heights Christian Academy 2.1 mi Private K-6 0 4
Parma Montessori And Child Care Center 2.1 mi Private PRESCHOOL-K 0 0
Holy Name High School 2.2 mi Catholic 9-12 0 4
Polaris Career Center 2.5 mi Public 11-12 0 0
St Bridget Of Kildare School 2.6 mi Catholic PRESCHOOL-8 0 0
Proximity to listed schools and their school district(s) does not guarantee enrollment eligibility. Please contact a local real estate professional or the local school district(s) for the most current information relating to schools in the area. Sources: and Onboard Informatics © 2015
Local Weather for Parma Heights, OH
    Community information and market data Powered by Onboard Informatics. Copyright ©2015 Onboard Informatics. Information is deemed reliable but not guaranteed. * Based on a 30-year fixed rate of 4.75% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.