Is Parma, MO 63870 a buyer’s or seller’s market?

3 months ending August 31, 2026 · Source: Redfin

Parma is a balanced market. With about null months of supply, well-priced homes can still draw more than one offer, but buyers have some room to negotiate.

Months of supply—Under 4 months = seller’s market

Sold above original list—Share of sales, last 3 months

Median sale-to-list—Sold price ÷ list price

Median days on market—Listing to accepted offer

Median price per sq ft—

The Parma housing market right now

There haven’t been enough recent sales here for a detailed summary yet.

About the area

New Madrid County, MO

Population	1,066
Median income	$57,639
Average income	$60,596
Median home value	$62,100
Median rent	$545/month
Owner-occupied	59% of homes
Median year built	1959

Natural hazard riskEarthquakes (relatively high), extreme heat (relatively high), tornadoes (relatively high)

Source: U.S. Census Bureau, American Community Survey 2020–2024 5-year estimates (household income; home value as estimated by owners), ZIP code tabulation area 63870; hazard risk from the FEMA National Risk Index for the census tracts in this ZIP code (not endorsed by FEMA).

Run the numbers for 63870

Prefilled for 63870Can I win this house?Multiple-offer likelihood for a listing Prefilled for 63870Over-asking calculatorTypical range over list ToolOffer strength scoreHow your offer looks to a seller ToolAppraisal gapCash needed if it appraises low

Nearby markets

Catron 63833Seller’s market — /sq ft Gideon 63848Buyer’s market $108 /sq ft Kewanee 63860 $87 /sq ft Lilbourn 63862Seller’s market $64 /sq ft Browse all markets →

Towns like Parma nearby

Find towns like Parma in other states →

Lilbourn, MO63862 · 12 miles away82% similarnewer homes Essex, MO63846 · 16 miles away75% similarpricier homes ($31K more) · older residents Clarkton, MO63837 · 13 miles away70% similar9 min longer commute · newer homes Campbell, MO63933 · 15 miles away69% similarpricier homes ($40K more) · larger

Where Parma is

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Questions about Parma real estate

What are property taxes in Parma?

About 0.73% of a home’s value a year in New Madrid County, or roughly $2,920 on a $400,000 home.

Local agents

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More tools for 63870

Competition score Buyer leverage Negotiation room Compare with other ZIP codes True cost to buy Property taxes Closing costs Cash buyers Backup offer odds Home value New Madrid County property taxes New Madrid County loan limits Closing costs in Missouri Hottest ZIP codes in Missouri

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Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology