Lima, OH Housing Market & Real Estate
Housing market overview · Updated weekly ·
Quick answer: The median home sale price in Lima, OH is $116,000, up 0.9% year-over-year. Homes sell in an average of 79 days with 107 active listings. The market is currently a buyer's market.
$116,000median sale price
Is Lima a buyer's or seller's market?
Lima, OH is currently a buyer's market, based on 4.1 months of supply and homes selling in about 79 days. How we determine this →
Homes sold
26
Last 12 weeks
Days on market
79
Average pace
Active listings
107
4.1 months supply
Sale-to-list
94.7%
Below asking
Lima, OH market data
| Metric | Value |
|---|---|
| Median sale price | $116,000 |
| Median list price | $100,500 |
| Year-over-year price change | +0.9% |
| Average days on market | 79 days |
| Active inventory | 107 listings |
| Months of supply | 4.1 months |
| Sale-to-list price ratio | 94.7% |
| Market condition | Buyer's market |
Source: Redfin · Updated weekly
The Lima housing market is currently classified as a buyer's market with a median sale price of $116,000. Prices have risen 0.9% compared to last year, with homes spending an average of 79 days on market, indicating 4.1 months of inventory.This inventory level gives buyers significantly more negotiating power, allowing time to inspect properties thoroughly and potentially negotiate better terms.
Market trends
Homes for sale in Lima
There are currently 107 homes listed for sale in Lima, Ohio. The median listing price is $101K.
Active listings
107
Homes on market
Median list price
$101K
Avg. days on market
79
Days until sale
New this week
34
Newly listed
Top public schools in Lima
22 schools tracked · 9,023 students
The largest public schools serving Lima, OH by enrollment, drawn from the National Center for Education Statistics. School quality is a commonly cited factor in home-buying decisions — these are the campuses families in this area are most likely to encounter.
Lima Senior High School
Grades 9-12 · 1,000 students
Bath Elementary School
Grades PK-5 · 766 students
Apollo Career Center
Grades 7-12 · 763 students
Shawnee Middle School
Grades 5-8 · 714 students
Shawnee High School
Grades 9-12 · 691 students
Elmwood Elementary School
Grades K-2 · 512 students
Bath High School
Grades 9-12 · 433 students
Heritage Elementary School
Grades PK-4 · 432 students
Source: National Center for Education Statistics, Common Core of Data directory. Updated annually. Ratings and test scores are not currently displayed.
Explore nearby cities in OH
Frequently asked questions
What is the average home price in Lima?
The median home sale price in Lima is $116,000, up 0.9% from last year.
How long do homes stay on market in Lima?
Homes typically spend 79 days on market before going under contract.
Is Lima a buyer's or seller's market?
With 4.1 months of supply, Lima is currently a buyer's market.
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