Here we present a linear stability analysis and an MHD 2D model for the Parker-Jeans instability in the Galactic gaseous disk. The magnetic field is assumed parallel to a Galactic spiral arm, and the gaseous disk is modelled as a multi-component, magnetized, and isothermal gas layer. The model employs the observed vertical stratifications for the gas density and the gravitational acceleration in the Solar neighborhood, and the self-gravity of the gas is also included. By solving Poisson's equation for the gas density stratification, we determine the vertical acceleration due to self-gravity as a function of z. Subtracting it from the observed gravitational acceleration, we separate the total acceleration into self and external gravities. The linear stability analysis provides the corresponding dispersion relations. The time and length scales of the fastest growing mode of the Parker-Jeans instability are about 40 Myr and 3.3 kpc, respectively. In order to confirm the linear stability analysis, we have performed two-dimensional MHD simulations. These show that the Parker-Jeans instability under the self and external gravities evolves into a quasi-equilibrium state, creating condensations on the northern and southern sides of the plane, in an alternate manner.