With only 0.8 months of inventory, Parma Heights remains a seller's market. The median home price in Parma Heights currently stands at $210,000. At the current pace, all available homes in Parma Heights would sell out in just 0.8 months, indicating a continued supply shortage. Homes are taking about 9 days to sell, which is -4 days longer than this time last year. Approximately 42.9% of homes sold above list price, indicating some competitive segments within the market. Affordability remains a significant challenge in the Parma Heights market with the affordability index at 46.7. Based on current market indicators, home prices in Parma Heights are projected to decrease by approximately 6.1% over the next month.