Parma Twp Real Estate
9 active listings · 25 sold in the past 12mo
$440,000
Median List Price
25
Sold (past 12mo)
58
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.
Active Listings
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Homes for Sale(9)
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For Sale
1/39
$1,500,000
1991 N Concord Road, Albion, MI 49224
3 bd2 ba1,756 sqft86 ac
Single Family
For Sale
1/79
$644,900
6947 Brown Road, Parma, MI 49269
4 bd5 ba4,659 sqft1.15 ac
Single Family
Under Contract
1/50
$549,000
7295 N Gibbs Road, Albion, MI 49224
5 bd3 ba3,904 sqft8.56 ac
Single Family
Under Contract
1/66
$470,000
14912 Devereaux Road, Albion, MI 49224
3 bd4 ba3,372 sqft9.30 ac
Single Family
For Sale
1/73
$440,000
2770 N Dearing Road, Parma, MI 49269
3 bd2 ba2,050 sqft12.34 ac
Single Family
Under Contract
1/35
$250,000
14030 Devereaux Road, Albion, MI 49224
3 bd1 ba10 ac
Single Family
Under Contract
1/43
$235,000
2901 Callahan Road, Albion, MI 49224
3 bd1 ba1,060 sqft12.95 ac
Mfg Home
For Sale
1/36
$169,900
308 James Street, Parma, MI 49269
2 bd1 ba1,685 sqft0.46 ac
Single Family
For Sale
1/28
$145,000
6488 N Parma Road, Parma, MI 49269
2 bd1 ba1,363 sqft1.14 ac
Single Family
Recently Sold(25)
Frequently Asked Questions about Parma Twp
How many homes are for sale in Parma Twp?
There are currently 9 active listings in Parma Twp. The median asking price is $440,000.
How much do homes cost in Parma Twp?
Based on 25 sales in the past year, homes in Parma Twp have a median price of $440,000.
How long do homes stay on the market in Parma Twp?
Over the past year, homes in Parma Twp spent an average of 58 days on market before selling.
What schools are in Parma Twp?
Multiple school districts may serve Parma Twp. 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 Twp?
Parma Twp is currently a balanced market, with 4.3 months of supply. That ratio comes from 9 active listings relative to 25 sales per year.
How much are property taxes in Parma Twp?
Property taxes in Parma Twp 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.
Is housing demand growing in Parma Twp?
Based on Census Bureau ACS data, Parma Twp 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.