Property prices for sale in Parma (Ohio)
The prices in real estate in Parma, in the Ohio region have had a minor rise in the last couple of months. The real estate prices for second hand homes have risen in this city.
The price per sq.feet in Parma has increased during the last 6 months. In October, the average price per sq.feet was $116. In November this price pretty much remained the same at a value of $119 per sq.feet. In the following two months the price per sq.feet has barely changed, going from $117.5 to $122.5 per sq.feet. The price per sq.feet has increased 110 % in the last two months compared to the average price for the previous four months. This was obtained by comparing the first four months of the period going from a price per sq.feet of $120 to $132 during February, and March.
Based upon to the price in Parma (cities), these have remained the same in the last 6 months. In our first sample month during October, the average price is $201,457. In November This price remains at $201,249. In the following two months the average price has remained the same with regard to the previous two months from $201,353 to $204,810. Based on an analysis of the first four prices and the last two months the average price has gone up 109 % during the last two months.
The graph displaying the average price for bedrooms illustrates that those properties with 2 bedrooms are the cheapest ones. At a price of $223,619 they are 45 % more affordable than the average price for Parma. The properties with the lowest average price have 4 bedrooms, Their price is 13 % cheaper than the average. After that we have properties with 3 bedrooms priced at $125,491.
With regard to the average price per sq.feet , those properties with 3 bedrooms are the cheapest ones at a cost of $72 / sq.feet, with an average $131 / sq.feet price in Parma. The properties with the highest average prices have 4 bedrooms. They are 1653 % more expensive than the average followed by properties with 1 bedroom with a price at $81 / sq.feet.
The graph displaying the average prices displays the property type "Townhouse" as the most affordable one. At an cost of $223,619 it is 55 % cheaper than the average price in Parma. "Apartment" is seen as the second most affordable property type. The cheapest type property is "House" followed by "Condo". At a price of $141,241 it is 31 % more affordable than the average price.
According to the average cost per sq.feet, the cheapest property type is "Townhouse" at an average cost of $14 / sq.feet followed by "Apartment" priced at $56 / sq.feet. "Condo" is the cheapest type of property with a $90 / sq.feet value followed by "House" with an average price of $67 / sq.feet.
