Parma Real Estate
18 active listings · 57 sold in the past 12mo
$267,450
Median List Price
57
Sold (past 12mo)
63
Avg Days on Market
-24.5%
HFGⓘ
Household Formation Gap (HFG) is a secondary market indicator that measures hidden housing demand created by shrinking household sizes. As average household size decreases — due to divorce, single living, empty nesting, delayed marriage — more housing units are needed even without population growth. HFG compares the estimated number of households needed today versus 15 years ago: (population ÷ avg household size). This is a demographic trend signal, not a primary market indicator like income-based affordability or comparative market analysis. Source: U.S. Census Bureau, American Community Survey 5-Year Estimates (2009–2023), Tables B01003, B25010, B25001.
Your Parma Realtor
Alexander Munro
Broker of Record · MI License #6502405404
Direct-to-broker representation for buyers and sellers in Parma and across Southeast Michigan. No team handoffs, no junk fees, full media included on every listing. Research-first approach grounded in MLS, public records, and on-the-ground knowledge of the local market.
Active Listings
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Homes for Sale(18)
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For Sale
1/100
$1,500,000
11242 Devereaux Road, Parma, MI 49269
3 bd2 ba1,900 sqft3.85 ac
Single Family
For Sale
1/79
$644,900
6947 Brown Road, Parma, MI 49269
4 bd5 ba4,659 sqft1.15 ac
Single Family
For Sale
1/70
$445,000
9437 Fisk Road, Parma, MI 49269
3 bd2 ba2,648 sqft10 ac
Single Family
For Sale
1/73
$397,000
2770 N Dearing Road, Parma, MI 49269
3 bd2 ba2,050 sqft12.34 ac
Single Family
For Sale
1/27
$329,900
1632 S Parma Road, Parma, MI 49269
3 bd2 ba1,500 sqft1.03 ac
Single Family
For Sale
$325,000
9000 County Farm Road, Parma, MI 49269
3 bd2 ba2,314 sqft4.75 ac
Single Family
For Sale
1/52
$289,900
216 Eastlawn, Parma, MI 49269
4 bd2 ba3,046 sqft0.30 ac
Single Family
For Sale
1/37
$285,000
1114 Chapel Road, Parma, MI 49269
3 bd2 ba1,924 sqft0.50 ac
Single Family
Under Contract
1/43
$269,900
7836 Cuff Road, Parma, MI 49269
3 bd2 ba1,276 sqft2.51 ac
Single Family
Under Contract
1/24
$265,000
2775 Muma Road, Parma, MI 49269
3 bd2 ba2 ac
Single Family
Under Contract
1/26
$260,000
12441 Town Road, Parma, MI 49269
3 bd2 ba5.99 ac
Single Family
Under Contract
1/26
$260,000
12441 Town Road, Parma, MI 49269
3 bd2 ba2,129 sqft5.99 ac
Single Family
Under Contract
1/47
$250,000
8959 Gordon Road, Parma, MI 49269
3 bd2 ba1,024 sqft5 ac
Single Family
For Sale
1/11
$229,900
8257 Lockerbie Drive, Parma, MI 49269
3 bd2 ba1,152 sqft0.16 ac
Single Family
For Sale
1/52
$214,900
227 Eastlawn, Parma, MI 49269
3 bd2 ba1,460 sqft0.44 ac
Single Family
Under Contract
1/41
$165,900
9621 W Michigan Avenue, Parma, MI 49269
2 bd2 ba1,347 sqft1.14 ac
Single Family
For Sale
1/36
$159,900
308 James Street, Parma, MI 49269
2 bd1 ba1,685 sqft0.46 ac
Single Family
For Sale
1/18
$135,000
7969 Brandon Drive, Parma, MI 49269
3 bd2 ba1,056 sqft0.32 ac
Mfg Home
Recently Sold(57)
Frequently Asked Questions about Parma
Are there homes available in Parma right now?
Buyers in Parma can choose from 18 active listings. The median asking price is $267,450.
How much do homes cost in Parma?
The median sale price in Parma is $267,450, based on 57 closed sales over the past 12 months.
How long do homes stay on the market in Parma?
Homes in Parma sell in an average of 63 days, based on 57 sales over the past 12 months.
What schools are in Parma?
Multiple school districts may serve Parma. Michigan school district boundaries are independent of city borders. The school district for a specific property depends on its exact location within the city.
What are market conditions like in Parma?
Parma is currently a balanced market, with 3.8 months of supply. That ratio comes from 18 active listings relative to 57 sales per year.
What are property taxes like in Parma?
Property taxes in Parma are based on a property's State Equalized Value (SEV), which is roughly 50% of market value, multiplied by the local millage rate. Homestead properties (primary residences) receive a lower rate than non-homestead. Tax bills are split into summer and winter installments.
What is the Household Formation Gap in Parma?
Based on Census Bureau ACS data, Parma shows a -24.5% Household Formation Gap. Despite household size decreasing from 2.75 to 2.65, the 27.2% population decline has reduced the overall number of households needing housing. This is a secondary demographic indicator, distinct from primary market measures.